As part of Netflix‘s largest restructuring in four years, film division executive Doug Belgrad has been laid off, sources tell The Hollywood Reporter.

Belgrad had served as a right hand man to film chairman Dan Lin since he joined the streaming giant in 2024 following a long run at Sony, including as president of Columbia Pictures. His hire was the first big exec move by Lin at the time after the exec succeeded Scott Stuber in the role overseeing all movies at the streaming giant.

Belgrad had just toasted the launch of the Ben Affleck-directed Animals at its Los Angeles world premiere early in October, and had been a key part of managing Netflix’s massive slate of original movies. As part of the reorg, movie exec Sheroum Kim, who joined Netflix in 2019 as director of independent films, was also let go.

At Netflix, Belgrad managed the managers in the film division for original, live-action titles but not animation or acquisition titles. That includes some 30-plus production executives. During Lin’s tenure, Netflix’s film division has been structured into silos by genre pods. For example, Kira Goldberg oversees thrillers (think: Charlize Theron’s Apex), Jason Young oversees action titles (like Alan Ritchson starrer War Machine) while Hannah Minghella leads animation, and so on.

The exec also served as a conduit between Sony and Netflix on a pay one output deal involving the streaming giant’s commitment to buy films that had been developed at Sony but that weren’t destined for theaters. That pact yielded features like People We Meet on Vacation, Voicemails from Isabelle and Kevin Hart’s 72 Hours as well as upcoming features like Adam Sandler’s Grown Ups 3, Ben Stiller starrer Matter of Time and Chris Pine survival thriller Yeti.

Belgrad worked on major features with key talent like Guillermo Del Toro on Frankenstein, Pete Berg on the upcoming sports drama Mosquito Bowl and Greta Gerwig on the big theatrical swing of Narnia: The Magician’s Nephew, among many other titles (including the company’s holiday film slate this year).

On Wednesday, Netflix co-chiefs Ted Sarandos and Greg Peters informed staff that it would cut 1,000 employees, around 6 percent of its workforce as part of a widely telegraphed move to reorganize and cut costs. (The company spends an estimated $20 billion annually on content, including film and TV, overall.)

“We know changes like this are tough, but let’s stay focused,” the memo from the co-CEOs read. “This is one of the most dynamic times in the history of entertainment – and it’s a moment perfectly suited to a company like ours that’s built at the intersection of technology and entertainment. Now it’s on us to step up and meet the moment, together, like we always do.”

Sarandos and Peters also noted, “Our business is strong and growing, and we remain on track to deliver our full-year forecast. We’ll continue to invest aggressively in high- impact areas to improve our service and further drive growth and innovation.”

Belgrad remains chairman of 2.0 Entertainment, which he founded after exiting Sony in 2016. That company is producing features (Unabomber and The Pope’s Exorcist sequel) as well as co-financing with Sony and Paramount (Heart of the Beast, Primate and others).