Wasn't their big deal for years "we pay you well but fire your if we think you're not worth it any more" which might just be saying the quiet part out loud.
That or maybe enough got cut and were all shocked Pikachu that they backed away from it.
Either way I don't really understand why they continue to have tech company status. They were definitely pioneering streaming but you can build a streaming service in a couple months using AWS to solve the harder problems.
Sure but a nice web app was not really what they were pioneering. The entities you listed don't need none nice apps they are the only source for their content. That's the business Netflix is now in.