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Netflix's 2026 layoffs came from a failure of strategy and customer experience.

Drawn from what Phyl Terry said

What Phyl Terry actually said

  1. Phyl Terry Author of Never Search Alone and founder and CEO of Collaborative Gain
    These layoffs came from a failure in strategy and customer experience. Netflix’s strategy for the last two decades has been to create/provide a high volume of TV shows and movies, using algorithms to dictate creative direction and selection. But this strategy stopped working several years ago when new competitors for people's viewing time – especially YouTube and TikTok – started redefining everything.

Added to korrents 31 Oct 2026 · How quotes work · Something wrong? Tell us

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