Layoffs and leadership changes have not yielded the levels of user engagement and growth that the streaming giant was seeking
Netflix struggles with declining user engagement and slowed growth, as leadership changes and layoffs coincide with a 26% drop in shares this year.
Ted Sarandos, the co-CEO of Netflix, recently admitted the company "is not growing as fast as I want us to", and suggested live programming could be an opportunity to accelerate growth.
The streaming giant is expected to post its slowest third-quarter revenue growth in three years.
Netflix's new content chief inherits a tough job: win back viewers, steady investors, and find the service's next must-watch hit.
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