New Delhi, Oct. 16 -- Netflix has replaced Chief Content Officer Bela Bajaria with Peter Rice, a veteran Disney and Fox executive, a day after it cut about 1,000 jobs in what Variety described as the streamer's largest layoff.

Netflix announced Thursday that Rice will join as chief content officer effective October 26. Bajaria, who led the company's global content team, is leaving after nearly 10 years, according to Netflix's announcement. Variety reported that Puck was first to report the change.

Rice will oversee scripted and unscripted television series, film and live events in every region. "Peter is one of the most effective at-scale operators in the entertainment industry," co-CEO Ted Sarandos said. Rice said Netflix has shown it ...