Hollywood layoffs accompany restructuring at Netflix, Universal Music Group and Skydance

Los Angeles Magazine says Netflix, Universal Music Group and Skydance are undergoing major restructuring, with thousands of jobs potentially at risk. Experts it cites point to shifting viewing habits, competition from platforms like YouTube and productions moving overseas. Vanity Fair reports that the exits of Bela Bajaria, Pamela Abdy and Cindy Holland have left few women with the power to greenlight a movie as mergers and layoffs reshape Hollywood studios.