I had three shows I was genuinely invested in get the axe last year, so I feel your frustration completely. The cancellation wave is real, and what folks are pointing out about viewership targets is spot-on, but there's another layer that matters: Netflix now has this internal algorithm-driven system where they're measuring not just who watches, but *retention* - whether people stick around for future seasons. A show might pull solid numbers initially but if the audience doesn't convert to long-term subscribers or the retention curves don't look right by their metrics, it gets shelved. They've basically created this ruthlessly efficient but also pretty opaque system where success isn't just about being popular, it's about being *profitable per viewer hour*, which is a much higher bar than it used to be.
The cost-cutting angle is real too, especially since they've already invested in so much content. It's cheaper to cancel a season that isn't performing at this exact moment than to keep funding it while chasing the algorithm's approval. Plus, they've been shifting strategy toward licensed content and international shows, which sometimes have different ROI calculations than their own originals. That said, I don't think they're abandoning scripted dramas or anything - they're just being way more aggressive about killing things early rather than limping shows along for a season or two hoping they'll find an audience. It sucks if you're mid-way through something, but from a business standpoint I get why they're doing it. Doesn't make it less annoying though.