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Well, Netflix was famous for firing when the business need had passed. You have a seat in company for what you will do, not what you have done. These high spee
by nytesky 3y ago
Well, Netflix was famous for firing when the business need had passed. You have a seat in company for what you will do, not what you have done.
These high speed trading platforms do a ton of transactions in 48 hours. They assume nothing material will change in 6 months vs 48 hours; and anyways if it breaks why keep paying the dude who built it so flimsy?
Not my way of doing things of all, to be clear, just my interpretation of the “we are a team not a family” implementation. https://www.fastcompany.com/3056662/she-created-netflixs-culture-and-it-ultimately-got-her-fired https://www.fastcompany.com/3056662/she-created-netflixs-cul...
- chii 3y ago> You have a seat in company for what you will do, not what you have done. that's fine, but netflix pays for this privilege by high salary from the get go. If you worked for a startup, i assume the salary isn't going to be as high. Instead, you'd expect to be paid in equity. So by firing someone as soon as they're done (meaning their future equity vesting is lost now), they lose a lot of what would've been theirs had the company's long term potential been great as a result of their work.