![]() Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. In a world with fewer jobs to go around, only the people who really want them – and will do them without grumbling – will survive. In a culture of mass victimization, the Netflix way is a dose of reality – perhaps too harsh for those who believe hugs should be part of a company’s benefits package.īut with inflation soaring to record levels, recession looming and the prospect of a tightening job market on the horizon, these issues in the workplace may take care of themselves, without any executive engineering. It’s simple, straightforward and merit-based – if an employee were offered a job elsewhere, would the manager try to keep them? The memo also talks about the “keeper test,” a method by which managers rate employees and their potential longevity at the company. Dream teams are about performance, not seniority or tenure.” The memo, which was sent to staff, was the first update to the culture guide in five years when it used to. Mail Online - Fact Check and Transparency Report (United Kingdom). A dream team is about pushing yourself to be the best possible teammate, caring intensely about your team and knowing you may not be on the team forever. Netflix appears to steadily be climbing its way out of financial ruin after canceling woke programming and deciding to back controversial figures like Dave Chapelle. “We model ourselves on being a professional sports team, not a family,” the memo says. Sarandos’s memo to Netflix employees is an interesting perspective on how the company views its workforce. ![]() DeSantis warning Disney – the state’s largest employer – and others that if they are “woke” companies seeking to wade into Florida politics, he will push back.ĭeep in Mr. The tussle has put the issue at the centre of national commentary, with Mr. DeSantis moved quickly to strike down a 55-year-old agreement that granted the company tax breaks and special self-governing powers over its Disney World theme park and surrounding property near Orlando. But the pressure from employees rose, and he waffled and eventually capitulated, apologizing to workers publicly and vowing to work to overturn the law. Chapek initially refused to weigh in on the discussion, saying Disney’s involvement in the debate would be “counterproductive,” a posture that seems aligned with the Netflix mindset on such issues. The Netflix controversy arose around complaints from employees that jokes made by the comic Dave Chappelle about transgender people in one of the service’s specials were offensive.ĭubbed the “Don’t Say Gay” law by its opponents, the new mandate prohibits the teaching of sexual orientation and gender identity to schoolchildren from kindergarten to Grade 3.Ĭuriously, Mr. And if they can’t abide that philosophy, there’s the door. The message behind Netflix’s hard line is clear: There is no shortage of outlets for employees to express themselves loudly and freely on social, political, religious or other matters – but the company’s workplace shouldn’t be one of them. Sarandos’s move reflects the growing pushback against employee grievances that has disrupted and distracted companies in recent years, and serves as a reminder that businesses are commercial enterprises – not platforms for partisan ax-grinding on social issues or support groups for hurt feelings. Variety first reported the details of the memo.The streaming service’s chief executive officer Ted Sarandos channeled his inner Dugan last week, telling employees complaining about programming they found offensive that if they don’t like what the company does, they should leave. To end, Netflix has always stuck by the motto, ”Keep only our highly effective people,” which it reiterated again in Thursday’s updated memo. The slowdown, as well as executives’ talks of “cutting back” on costs, has caused worry among employees at Netflix, who have seen a slowdown in hiring and fear future layoffs. “We’re trying to be smart about it and prudent in terms of pulling back on some of that spend growth to reflect the realities of the revenue growth of the business.” “We’re pulling back on some of our spend growth across both content and non-content spend,” CFO Spencer Neumann said during the first-quarter earnings call. ![]() The streaming company has also spoken of other cost-cutting measures. and Canada as another reason for the loss of subscribers. Analysts had pointed to the January increase in Netflix’s monthly subscription price for new members in the U.S. In light of the weaker-than-expected subscriber numbers, Netflix said it will explore launching an ad-supported section of the streaming service. Disney, Major Studios Get $30M From Illegal Streaming Sites Amid Piracy Crackdown
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