Netflix is becoming a giant...

Thats the old Jack Welch model. 10% of your staff are highly promotable, 10% of your staff likely needs to be replaced every year for performance reasons. The 80% in the middle can move along in some normal seniority cycle.

This is why you see big companies constantly doing layoffs.
Let's just say Silicon Valley strives to perfect that model. And it's more than low performance workers, it's political.
 
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