Not a good time to join Netflix: https://deadline.com/2022/05/netflix-layoffs-us-employees-1235026085/ People are being notified. The email said that more layoffs are coming in the near future. The 4 month severance was taken out of the culture deck at a convenient time like this. The culture went to 💩 over the last couple of months anyway. They introduced levels and pay bands to do cost cutting. I was hanging around due to cash. Bad decision. Should’ve jumped ship before all the good companies went on a hiring freeze. I lost so much money due to stock options. One bad news after another this year. I’m on visa. FML 🤬 #layoff #severance
With those high salaries, I would happily take the pkg
We don’t know what’s in the package. They recently removed the line about minimum 4 months severance package.
we took it out because it was true for non-US emplyees. many of them got more same reason why we added a line to parental leave about local norms US FTE got 4 months from layoffs
Yikes.. Sorry to see this folks..
Netflix engineering is admirable - Chaos Monkey and stuff. A lot of respect for people there. Hope everyone gets a job. If anyone at netflix need referral at Inmobi SF dm me.
Is this news legit?
Lol high TC have come to bite, most engineers will land on feet or retire
Salty ? It's okay
No engineers cut
150 out of 11000. Could be much worse
how much severance?
Any NFLX engineers laid off - PM me for LinkedIn
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Guys please help chose which company to join Flipkart - 3.5L(ESOPS) Nutanix - 7.5L(RSU) Fixed is same in both.
Are they blaming Chapelle?
No. Woke content screwed our numbers though. They said that you’ll know in the next 90 minutes if you’re fired or not - based on business need.
Engineers mostly or is it product folks ?