Does anybody know what the reasons of Netflix usually firing employees are?
Is it because of continuous bad performance? Or poor cultural fit?
A cousin of my gf moved to Netflix this January and he has been hearing about somebody getting fired every month. He even received email with such news.
Does Netflix has kind of an unofficial policy to fire certain amount of people yearly?
Netflix has this 100 page culture deck that's in the public domain for everyone to read. In it, it says if you're average, you're getting a severance package.
In the deck, it also lists a thougbt exercise, if your employee comes to you with a better job offer, would you aggressively try to prevent the employee from leaving by offering higher pay or promo. If you do not think that the employee is worth saving in the hypothetical though exercise, then the employee should be fired.
Netflix's entire culture is built on firing people quickly and churning out lower performers. Some people love it and others call it toxic. It's definitely not for everyone