Netflix famously paid top dollar and for years was the darling of blind for beating comp everywhere else. The is was attracting top talent would make Netflix the best It definitely didn't work, Netflix is in real trouble How much value are companies really getting from the tech salaries they pay? Would Netflix have been better off paying more at the level Verizon or HBO does?
It is not a single factor matter like that. It has more to do with business space, leadership, company vision etc.
If the problem is business then the tech investment was less important. They should have invested those dollars in business, locked in more content, and had less gold plated tech
Netflix saved $$ by not hiring junior engineers, but it also means lower growth rate.
Netflix has the blessing and curse of being the first in a now crowded space. Facebook is seeing something similar. They are the incumbents with no real discernible value add other than brokering content.
Netflix should start valuing their content creation/acquisition team way more than their engineering team now imo
What do you mean by it not working? Netflix basically invented streaming and is a 100b dollar business. It clearly worked lol.
In the past five years they have not monopolized on it. They have seen competitors come in paying much less tech salaries and taking their customers
No they haven't. They lost a small number of subscribers for the first time in a decade this quarter.
Netflix today has a market cap of about $100 Billion and employ 11,300 people. That seems to suggest the salaries are probably justified.
It's losing ground to companies paying much less. Content is the driver, and while Netflix was gold plating tech salaries and developing features that don't make any difference other companies were displacing it in content. Take half the money paid to SDE's at Netflix in the past five years and invest it in locking in content and the outlook would be much better. They could have achieved that by cutting pointless features and paying the workforce less (ie, pay at Microsoft levels) I find it hard to believe Netflix spends its money on the top priorities now that it's forecasting continued loss of subscribers.
“Pointless features” - please be more specific here. Which features?
Content creation should be the #1 priority for streaming business. YouTube solved it with individual creators, and Disney has been doing their stuff for decades. Even if your tech is the best in the world, people won't continue using the product if they run out of things to watch.
Core requirement for Netflix is content. Tech matters but is not the differentiator. Similar to Amazon where delivery, selection and pricing is the core requirement. That’s why we are ok using dinosaur era Amazon app.
Elon is trolling Netflix - The woke mind virus is making Netflix unwatchable
The question is : is the best days are behind it for Netflix ? If this is one time miss, it’ll come back stronger.
Trouble is business related, not engineering related.
Forreal, every time i use any other streaming app i realize how polished Netflix is and how good their Eng team is
Absolutely, you can't argue with their engineering.