# Reed Hastings On Netflix Shakeup, YouTube Rivalry And How Streamer Can Go Back To “Being Thrilling”

- URL: https://talkfuse.com/story/reed-hastings-on-netflix-shakeup-youtube-rivalry-and-how-streamer-can-go-back-to-being-thrilling/
- Published: 2026-10-26T17:22:51+00:00
- Updated: 2026-10-27T02:34:23+00:00
- Original publisher: Deadline
- Original article: https://deadline.com/2026/10/netflix-reed-hastings-layoffs-youtube-skydance-1237174096/
- Topics: Business, Companies, Entertainment, Trending, TV, Weird & Viral

## Key points

- Hastings urges Netflix to make more gripping shows and films.
- Netflix reportedly cut 1,000 jobs, about 6% of its staff.
- He says YouTube wins viewing hours through a creator-led model.

## Summary

Reed Hastings, Netflix’s co-founder, said the company should focus on making better television and films and return to its aim of being “thrilling”. His comments come as Netflix faces slower viewing growth, competition from YouTube and major changes to its workforce and senior leadership.

Hastings said he had not known in advance about Netflix’s reported layoffs of 1,000 workers, around 6% of its staff, and described such cuts as traumatic. He said YouTube is highly effective at winning viewing hours through its three million paid creators, while Netflix should raise its creative standards. Reflecting on Netflix’s abandoned bid for Warner Bros. Discovery’s studios and streaming division, he said the company was happy with its original offer but chose not to pursue the deal after the price rose; Paramount later paid Netflix a $2.8 billion breakup fee as part of its $110 billion WBD purchase.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.