Netflix No Longer Wants to Treat Employees Like Family. No Kidding.

[RazorsEdge]

Anyone who spends money on Netflix's content is pretty desperate for watching TV.

 

[johnnydc]

https://www.businessinsider.com/netflix-new-culture-memo-keeper-test-changes-2024-6?op=1

You know, we've talked a lot on BITOG about employers not being able to find employees. Blamed all kinds of things.

But there is no way I would like to perform "above expectations" and be paid at "expectation" level.

IOW, this to me is no different than "convenience stores" that hire a "manager", pay them a salary - and then expect them to work more than 40 hours a week.

This "idea" (to me) is just a different form of underpaying for people that over-perform. I hope Netflix suffers for this "wonderful" management decision and I hope all their workers "fully evaluate" their managers, and Netflix with the same criteria.

I'm sure the stockholders are loving this this - until the company begins losing marketshare. And then Netflix begins moaning about "can't find workers"...

It's all about the stock holders and upper management. As long as they make the big bucks. Like I said before. How much is enough?

 

[John105]

Given all that (and the high pay you mentioned in an earlier post) - the employee is the problem, not the company.

Solution is simple. He needs to find another job that pays less and has fewer perks. That should make him happy.

Scott

Why I respectfully disagree? We are all greedy to some extent, but I am confident you and I are nowhere near that level. I feel great that I have a view of the bridge from my office window. A parking space protected from the door dingers of America. Challenging work. Reasonable pay. That’s not enough for many, especially the competitive folks. You know, the type who gets on an exercise machine and envisions beating you when you weren’t even competing.

Just the other day our counsel walked past me in the garage (rudely imho but who cares what I think) and around me into the elevator area. Not so much as a hello. His types abound and are all over the place in my bros industry. I just smile knowing I went to a great college and his law school is 3rd tier. But he revels likely in making 2x what I do. Everyone is different and the older I get the more I’m ok with it. When I was young like 24? I woulda bumped him leaving the elevator. No lie. I did s*** like that to let people know I noticed what they did…

 

[John105]

It's all about the stock holders and upper management. As long as they make the big bucks. Like I said before. How much is enough?

Yeah and as mentioned our ceo told us this week in the town hall analysts are able to push public cos to acquisitions. I’m not a financial guy but I do have a MBA and I was impressed by my co’s EBITDA. I genuinely don’t know how much work I have left as I’m definitely no more than 10 years from retirement. So I actually have enough. But my expenses are low. More is ok too but not likely

 

[slo town]

Why I respectfully disagree? We are all greedy to some extent, but I am confident you and I are nowhere near that level. I feel great that I have a view of the bridge from my office window. A parking space protected from the door dingers of America. Challenging work. Reasonable pay. That’s not enough for many, especially the competitive folks. You know, the type who gets on an exercise machine and envisions beating you when you weren’t even competing.

Just the other day our counsel walked past me in the garage (rudely imho but who cares what I think) and around me into the elevator area. Not so much as a hello. His types abound and are all over the place in my bros industry. I just smile knowing I went to a great college and his law school is 3rd tier. But he revels likely in making 2x what I do. Everyone is different and the older I get the more I’m ok with it. When I was young like 24? I woulda bumped him leaving the elevator. No lie. I did s*** like that to let people know I noticed what they did…

I don't think we're disagreeing on anything.

Scott

 

[slo town]

It's all about the stock holders and upper management. As long as they make the big bucks. Like I said before. How much is enough?

I agree about upper management, executive management in particular.

Question, are you, or have you ever been invested in the stock market to make money?

Scott