iWorld
Bluesky’s CEO Jay Graber steps down, Toni Schneider takes the helm
Graber moves to innovation role as interim CEO Schneider steers platform of 40m users
SEATTLE: Jay Graber, the driving force behind Bluesky, is stepping down as CEO and moving into the newly created role of chief innovation officer. Graber, who has been at the forefront of building the open social platform since 2019, leaves the day-to-day running to focus on new ideas and innovation.
Stepping in as interim CEO is Toni Schneider, former boss of Automattic and partner at True Ventures, who has been an advisor to Bluesky for the past two years. Schneider brings a wealth of experience in open platforms, having worked with WordPress, Yahoo’s developer network, and supported companies like Bandcamp.
Bluesky, created by Jack Dorsey as an alternative to Twitter, has grown into a thriving social network with over 40 million users. Its open AT Protocol allows users to own their data and identity, while developers can build apps on top of the platform. Schneider described Bluesky as “a real, scalable foundation for a different kind of internet.”
Graber praised the team she assembled, saying the platform’s success stems from matching people’s passions with their strengths. “Scaling up this company has been a learning experience unlike anything else,” she wrote in a blog post, adding that she is “excited to dig into the next frontier of what decentralized social can be.”
The board has begun a search for a permanent CEO, but for now, Schneider will guide Bluesky through its next chapter of growth, supporting the team, users, and developers alike.
Bluesky’s rise gained attention during the November 2024 exodus from X, formerly Twitter, when changes to the platform prompted users to look for alternatives. With Schneider now at the helm, the platform looks set to continue its journey as a user-focused, open social network.
iWorld
Netflix cuts jobs in product division amid restructuring
Layoffs hit creative studio unit as leadership and strategy shifts unfold.
MUMBAI: The streaming wars may be fought on screen, but the latest plot twist is unfolding behind the scenes. Netflix has reportedly begun laying off several dozen employees from its product division as part of an internal reorganisation, according to a report by Variety. The cuts are believed to have primarily affected the company’s creative studio unit, which works on marketing assets such as in app trailers, promotional visuals and live experience content for the streaming platform.
The company has not disclosed the exact number of employees impacted.
According to the report, the layoffs were not tied to employee performance. Instead, the restructuring eliminated certain roles while other employees were reassigned to different teams within the organisation.
The roles affected are understood to include designers, producers and creative specialists responsible for marketing and brand experience initiatives.
The job cuts come as Netflix adjusts its leadership structure and reshapes its product and creative teams. Last month, Elizabeth Stone was promoted from chief technology officer to chief product and technology officer, giving her oversight of product, engineering and data operations across the company.
Earlier, in December 2025, Netflix also appointed Martin Rose as head of creative for global brand and partnerships, a move seen as part of a broader restructuring of the company’s brand and product functions.
Despite the layoffs, Netflix remains one of the largest employers in the streaming sector. The company is estimated to employ around 16,000 people globally, with roughly 70 percent of its workforce based in the United States and Canada. In 2023, the company reported approximately 13,000 employees, indicating that its headcount had grown significantly before the latest restructuring.
The workforce changes arrive at a time when Netflix is navigating a shifting financial and strategic landscape in the global entertainment industry.
The streaming giant recently secured $2.8 billion in additional cash after receiving a breakup fee from Paramount Skydance following its withdrawal from a deal involving Warner Bros. Discovery.
Speaking to Bloomberg, Netflix co chief executive Ted Sarandos explained that the company had evaluated multiple scenarios during the negotiations but chose not to match the competing offer once it learned that a higher bid had been submitted.
Netflix had capped its offer at $27.75 per share and ultimately stepped back rather than pursue Paramount’s $111 billion acquisition deal, which included a personal guarantee.
Sarandos also cautioned that the financing structure behind the Paramount Skydance transaction could have ripple effects across the entertainment industry.
According to him, the debt heavy deal could trigger significant cost cutting, with David Ellison, chief executive of Paramount Skydance, expected to eliminate about $16 billion in costs and potentially cut thousands of jobs as part of the integration process.
For Netflix, the current restructuring appears to be part of a broader attempt to streamline operations while continuing to invest in product, technology and global content even as the streaming industry enters a new phase of consolidation and financial discipline.
