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Netflix Investors Reject AFL-CIO AI Disclosure Proposal

June 11, 2024


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Netflix shareholders rejected a proposal to disclose more information about the company’s artificial intelligence (AI) policies at their annual meeting. The proposal was brought by the AFL-CIO Equity Index Funds, which expressed concerns over potential hiring discrimination, mass layoffs, and facility closures related to AI use. Netflix has already been subject to AI provisions in union contracts, following labor strife in the entertainment industry. The company’s AI use contributed to Hollywood strikes last year, sparking fears about job security. Shareholders voted down the proposal, with no further details on Netflix’s AI policies or ethical guidelines disclosed.

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