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"She went on and on about firing 51% of the people every year" Wait, what? Slow down a sec and elaborate more about this please
by dustingetz 12y ago
"She went on and on about firing 51% of the people every year"
Wait, what? Slow down a sec and elaborate more about this please
- ProAm 12y agoNetflix has a history of trimming unneeded employees as soon as they are deemed unneeded.
- cookiecaper 12y agoNetflix models employment like a professional sports engagement, where performance is regularly reviewed in context and persons who no longer contribute to the "team dynamic" are "traded", i.e., fired, to go find a "team" in which their contributions are a better fit. Everyone knows this because Netflix released a big presentation about it a while ago. They keep "top performers" only as long as they are top performance from Netflix's perspective, and then dismiss them with a "generous severance". It's definitely an interesting way to do employment.
- JoeAltmaier 12y agoSounds like contractors. Why not just admit it and fire everybody?
- cookiecaper 12y agoI agree that it sounds like contracting. They're trying to normalize it, I think. Most people won't be contractors because contractors have to pay extra taxes, buy their own benefits, and have no job security. Netflix takes care of these first two and makes the last one softer by giving a "generous severance" while the ex-employee finds a new home (I'm not sure on the specifics of how that works; maybe a NF employee who has been "traded" can offer detail (though he's probably contractually forbidden from doing so)).
- dustingetz 12y agoyes but 51%? that's a ridiculous number.