Netflix co-CEOs Greg Peters and Ted Sarandos addressed employee concerns regarding the company's acquisition bid for Warner Bros. Discovery Inc. In a letter shared on the company's internal blog, they emphasized that there would be no overlap between the two businesses, which means no studio closures are expected as a result of the deal. This reassurance aims to alleviate fears among staff about potential job losses or structural changes that could arise from the merger. The executives acknowledged the complexities involved in the acquisition process, which is expected to unfold over the next year. They are positioning the move as a strategic expansion rather than a consolidation that would threaten existing jobs. By clarifying their intentions, Peters and Sarandos are aiming to maintain morale within Netflix as it seeks to broaden its content portfolio through this significant acquisition.