Were the March cuts on the Netflix product team performance based?

Per Variety, several dozen people on the global product team were cut in a reorg, mostly in the creative studio unit that makes posters and in-app trailers. Variety's sources said it was not performance based. TheWrap put it at under 1% of the division's roughly 6,000 people. It came alongside leadership changes (Elizabeth Stone became chief product and technology officer in February) and Netflix's pending deal for Warner Bros. Discovery's studio and streaming assets.Source: au.variety.com ↗