![]() The company has long touted its culture of “radical transparency,” in which people are given freedom to make large spending decisions and take big bets. Executives said they would consider a lower-priced option with ads. Netflix cited several reasons for the subscriber loss, including rising competition and password sharing. “Would they still be doing this if they had hired a little more slowly over the last few years? I think not, so where is the accountability for leaders who made the bad decision to over hire?”Ĭompany Town Netflix loses 200,000 subscribers in first quarter ![]() “Now we find ourselves at a company which increasingly looks like every other large tech company,” one Netflix employee wrote on Blind, citing changes in compensation policies that are said to favor hiring less experienced engineers at lower pay. Others are skeptical about strategic shifts and concerned that Netflix’s distinct culture is fundamentally changing, according to former employees who spoke with The Times and comments posted on a private Netflix group on Blind, an anonymous forum for people with company-verified email addresses. Some are worried that the streaming heavyweight may have hired too fast and grown complacent as subscriber growth skyrocketed in the early days of the pandemic. ![]() Responding to its dramatic slowdown, Netflix said it would test ways to encourage people to pay for sharing passwords put out better shows, films and games and explore a lower-cost, ad-supported version of Netflix - an option the company had long resisted.īut the bleak subscriber numbers and the company’s response have stirred a mix of angst and uncertainty among many rank-and-file workers.
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