Tech Industry
17h
3377
Does msft really pay this low?
Working Parents
19h
2614
Is it true many Indian couples are in sexless marriage?
Health & Wellness
18h
1397
Quitting Sugar
2024 Presidential Election
Yesterday
1550
If Trump wins the election again , will you cry?
Fitness
14h
920
how can i loose 5 pounds with small changes to lifestyle
Very. Thanks for asking.
Define very
It’s so common they made a Planet Money podcast about it.
One of my friends who worked at Netflix used to say that everyone on her team at least considered themselves as contractors although they were FTE on paper. Apparently, fear of getting fired was always there. This was a year ago. Not sure if things have changed.
Firings should never be a surprise to the person being let go. You are told you need to improve X or you'll be let go, and then you are expected to get the help (and you're supported in making those changes as well). That being said, people are let go. Some people aren't a fit for the culture, sometimes the role changes and the person who was filling it can't keep up. A friend of mine worked at Netflix for 7+ years and was let go. It was sad to see him go from a friendship perspective but it was good for the team as he was struggling to keep up with the new demands. He was given 4 or 6 months severance, which is likely about 200k. He'll get a great job at another company and will be just fine. I personally like how all my colleagues are great. Sometimes someone falls out of that category and it's time to find someone else. If I am ever slowing my team down I hope they let me go.
That last paragraph! 🙌 Cold but good for you that it works.
It shouldn't be a surprise but I was one of those supposed outliers. As the years have progressed, it's become more and more common that people are blindsided at Netflix despite what the culture deck states, which is that it shouldn't be a surprise.
It has affected me more than I expected. Teammates regularly getting let go, and constant emails of people being let go becomes draining. Justification depends on the manager. Absolute train wrecks can sometimes last a year, others can be let go within two weeks of being assigned to a new manager. Overall, the policy is clearly been a success for the company financially, but I’m not sure the constant churn is good psychologically for the company.
I agree with you for the most part, except: "the policy is clearly been a success for the company financially" Correlation != causation. Netflix got lucky in the streaming world by being a pioneer, things are vastly different now. Netflix's strategy of using junk bond and burning cash has worked well, since economy has been going up and up since we started streaming. Wait and see what happens when economy slows down along with so many more players.
Such a caustic culture. Psychologically it will be immensely draining
I think our rate of involuntary exits is like 6-7% a year, which honestly isn't bad at all. In my team, I feel no worry and no pressure. Everyone leaves at 5pm or earlier, so it’s not too bad. Can't comment on other teams.
Completely depends on the manager running the team. If you manager is great, you'll do fine. If your manager is bad, you'll suffer and will get fired (unless you play along at whatever cost)
Definitely happens. Always getting emails of people being let go. I definitely feel the pressure when we sync with other terms and discover the person we were working with has been fired. Feels like it happens quite often. For example, I’ve only seen maybe 3 firing in 15 years of my career and since joining Netflix I see about 3 per month.
How is it in non-tech?
Same behavior.
Happens often and is very stressful
Hmm I'm thinking of joining. Bad idea? Is it any better in non-tech positions?
It's great when things are going well for you but it can definitely lack stability. I was there for 5.5 years and then was surprisingly let go with no opportunity to improve despite not being given the appropriate performance feedback.
Ouch. Wow. Did you find something else soon?
🍿
^^
??