Company Reports – Page 96

Reed Hastings to Become Netflix’s Executive Chairman, Ceding Co-Chief Role

Mr. Hastings will become the streaming giant’s executive chairman. Greg Peters will join Ted Sarandos as a co-chief executive.

By Nicole Sperling and Benjamin Mullin

Downtown lunch spots that rely on catering to white-collar professionals are rethinking their business model as more employees work from home.

By Sarah Kessler

The consumer goods giant raised prices 10 percent last quarter, but a decline in sales volume led to drops in revenue and profit.

By Isabella Simonetti

The job cuts, which amount to less than 5 percent of the company’s work force, are its largest in roughly eight years.

By Karen Weise