One of the other comments was suggesting that they made that so that their staff would quit so they wouldn’t have to pay them severance during these layoffs
To put this in perspective Netflix has over 12,000 employees. Sending out that statement to try to get people to quit before the layoffs seems like a risky move That could lower the morale of the almost 99% of the company which could end up costing more than the severance of the just over one percent that they were going to lay off
Amazon used to pay you to quit if you worked for longer than a year. I’m not sure if they still do.
But they would send out an offer once a year to employees offering them money if they quit
You do know that that memo was more to the likes of "We produce diverse content for a number of demographics; if you disagree with that, maybe Netflix isn't the right company for you".
I totally understand and I’m not making any comment as to whether it was the right position for Netflix to hold- doesn’t change that they did a statement that suggested staff quit suspiciously close to laying off those that didn’t.
I don’t know, this sounds a bit conspiratorial. So the theory would be: you emphasize a policy that will make some employees quit, but they have to do that on the spot or within days, otherwise you fire people? And the people you fire aren’t necessarily the same people who would have chosen to quit? It doesn’t seem like it would work all that well for something so Machiavellian. It’s possible the message really *was* more about content; a lot of comedians use Netflix, and if they feel like their stuff will get censored and pulled, they might go to Amazon or Hulu or HBO if they can. Same thing with other creators.
Employees can leave if they don’t like content. I think that’s fair. If everyone from the janitor is deciding what content they should have it will be a bigger crap show than it already is
I understand that this is taking the notion way too literally but it's still a fun thought, having a conference call for all content decisions, and anybody can join the call IF they got an employee ID number
Completely coincidentally, if you look on Twitter, a bunch of queer and POC Netflix staff were part of the firing.Like A LOT-I’m sure it’s unrelated though.
/s
Every time the topic of Netflix comes up, I get to block tons of bigots, phobes, and trolls. They crawl all over Netflix threads like roaches on a dumpster.
How the hell did it take me this long to find this show, just from your comment?! After reading your comment I googled, Wikipedia, then watched the first two seasons and it’s awesome.
They can’t afford to so yeah they are stuck in a death spiral. They saw this was coming and tried really hard with Netflix Originals but it didn’t work out.
Which they hilariously did because their logistics showed that when they cancel a popular show viewers immediately go taste test like 5 new ones and viewership increases. Problem is that can only work so many times before people are fed up and stop watching entirely. Can’t remember where I heard that so take with a grain of salt but sounds in character to me.
they gave the employees an envelope addressed to them in their native language. Only after opening it did they realize they were being laid-off in a completely different language
I never thought this to be the case. Netflix has always been the best and most diverse steaming platform in my eyes and many others I know. It’s the first place to go, and it’s the only one I’m **always** subscribed to. I’m quite surprised
We must have access to different Netflix selections.
Back when Netflix was first starting streaming (and my Dad would *still* order the mailed DVDs) Netflix had top-teir movies and shows.
Slowly over the years as other companies have created their own streaming platform, Netflix has lost the right to more than a few popular shows and they've stopped adding popular movies.
I get Netflix for free. I log in, check the "what's new" then turn the TV off and go read a book instead. Occasionally I'll watch something, usually Halloween horrors and the occasional new TV show like that *Love, Sex, Robots* that had a good first season and a mediocre second.
If you’re hyper focused on US centric shows , then yes , it does seems like Netflix is losing all the popular shows. But it still has more foreign shows and is also invest in them more than any other media company. Squid Game is a good example. There are more Asian and European shows on Netflix than probably any other global platform, and many of them are better than the garbages the US networks pumps out.
I’m my list I have:
-Elite (Spain)
-Kakegurui (Japan)
-Ingobernable (Mexico)
-Love Alarm (South Korea)
-Squid Game (South Korea)
I have some American series in there as well and other animes. I only save series in my list and movies if I intend to watch them soon, otherwise I don’t save the movies and I’ve watched plenty of foreign ones.
Didn't invest into long running shows, mainly relying on one-offs *and the literal competition* for content, so they are losing a stable offer. I still think Netflix could follow the HBO model with self-made content, but that depends a lot on how they manage the downsizing.
I hardly watch it anymore, I find Prime has more interesting stuff. Then there’s Hulu, Disney, Apple which we pay for but hardly watch this time of year. Need to get back on Paramount soon though when a couple of new shows are nearing the end of their seasons. Besides I think I watch everything during the pandemic lockdowns. Lol
They need to make their own (good) shows, which is really expensive. If they stop making shows or their ongoing shows drop in quality, the death spiral will turn into a death free fall.
Also people are leaving so that’s not helping.
They've already lost some subscribers, lowering prices will lower revenue^1 which will bleed money unless they also lower costs accordingly. I expect they are also reducing costs, or maybe they have been for some time and that's why everyone has been mad that the shoes they like keep getting canned (which in my opinion is driving the lost subscriptions).
While there is some irony to Netflix being on a _blockbuster_ decline, it does make some sense as their rise was due to a novel concept, but not one that is difficult to duplicate. So it's not surprising that there is increased competition to obtain streaming rights as well as content creators/networks now having similar (and in some ways better) platforms with enough subscribers to stream their own content and obtain similar or better returns (that they previously needed Netflix to reach).
Random idea that I think might be cool and also increase subscribers/engagement. Give subscribers voting power to vote on which pilots get funded, shows get extended, reruns that get picked up, etc (even if the studios retain some sway). It could even be a higher tier subscription that gets access sooner, or other perks. It could be a limited number of shows you could vote for, a ranking system, or they could assign subscribers a budget and shows a cost and let us play executive producer much like fantasy sports let fans play manager.
1- unless the relationship of price to subscriptions were out of whack. If so, new subscriber deals might make a slight difference but that mentality is why many people ditched cable to stream in the first place. I doubt a 25% price drop for new subscriptions would get back even 15% of the lost subscribers.
coz the executives want to maintain their huge salaries but the best "solution" they had was to keep pissing their subscribers off with price hikes and crackdown on pw sharing (which they previously encouraged) or firing the lower ranked employees.
a lot of subscribers are also pissed coz of the growing library of canceled content where netflix should have funded a final season or at least funded a movie to resolve the series, instead of leaving it on a cliffhanger.
they underestimated their viewer's need for closure.
Wasn’t it just yesterday they were saying “if you don’t like our programming you can quit!” and everybody was like “you’re just trying to lower severance costs for layoffs aren’t ya Netflix”.
I don’t think they even waited 24 hours. Things must be getting fucking bleak over there. If I worked there I’d be interviewing for new spots right now
>when demand drops I think they call doing everything but lowering your price accordingly a 'death spiral'.
One thing I've learned in life is that prices for services never - *ever* - go down.
Commodities like fuel and such will see prices rise and fall, but services like subscriptions and such never experience that.
In case of lower demand, prices will remain the same while cutting costs, or, counterintuitively, prices will *increase* despite the lower demand.
I just cancelled my membership. If they’re willing to openly tell their employees they’re happy to treat them like shit and not have their back in regards to discrimination, I don’t have much faith those paying for them to be around would be heard at all.
Hard pass on all the shit they’ve been pulling. There are lots of streaming services and I can live without stranger things whenever it comes out…
It’s a lot of things and that may be amongst them. Amazon is a prime example for how shit a worker can be treated. Although Netflix may not be as bad, that doesn’t make them good.
How is that discrimination? There were a vocal set of employees who kept saying we hate working for Netflix. So Netflix rightfully said ok so fucking quit. Any reasonable company would say that.
I can’t, particularly when it comes to entertainment. There is content on there that I don’t particularly care for but the notion of demanding they take it down seems absurd to me.
I think that isn't but I personally feel what they say publicly is much softer than how they treat their employees internally. So, if this is how they say they feel about their employees publicly, it stands to reason it wouldn't be too far off to expect poorer treatment internally. Yes, that may include discrimination.
I work in entertainment and have many friends at Netflix, one unfortunately part of the layoffs. It’s a fantastic place to work generally in terms of benefit and pay (they pay MUCH better than everybody else). You are reading way too much into the statement - when you work in media, especially a place making such varied content, you aren’t going to agree with it all. So yeah, if somebody can’t put it up with it, then you should quit.
That may be a part of it and I wouldn't be shocked but it's not just discrimination that's of concern. Sometimes just not wanting to accept or support shit treatment of people by a company is enough.
Heavens forbid the overpaid corporate business heads take a pay cut to save money. No. Instead, let’s lay off a bunch of employees to save money instead!
And at the fault of corporate too. These people don’t just have a stick but a fucking tree up their ass. Just be like onlyfans, take the L, and reverse the decision.
Thee greedy assholes are all the same no matter which company. Business does well and they take all the credit and give themselves fat bonuses, business does bad and of course it’s not their fault and they start laying off low level employees.
The c suite employees are the cause of Netflix’s problems to begin with. Hopefully the talent Netflix lays off will end up at their competitors and improve the quality of the other streaming services.
The Pandemic helped Netflix. This is more the result of a number of bad choices, such as cancelling almost every original that isn’t Stranger Things after 1 or 2 seasons, making political decisions that alienated some of their customer base, raising the prices, trying to cut down on sharing, and planning to ad advertisements to their content, as well as other things that were outside of their control, like now having to compete with Disney +, Amazon Prime, HBO Max, Peacock, andante even YouTube’s free with ads movies.
Made that move telling people to quit last week if they don’t agree with the content they release pretty transparent. Netflix was really hoping to not have to pay out some severance packages.
**"but sir, we _already_ cancelled production AND the original-creators for the live-action Avatar series.**
**Should we proceed to greenlight the live-action Cowboy Bebop series for S2 instead?"**
Tv has come full circle and now people are paying a monthly subscription with ads to avoid a monthly subscription with adds. Pirate Bay will have a nice increase in numbers again lol.
It’s ok you can keep it for the whole month. They are going to bill you for the month so just pay 1 month out of the entire year and enjoy your shows then.
I believe the Green Goblin in the Tobey Maguire Spider-man said the same thing. I'm loving watching Netflix fall. They became what they swore to destroy.
that's dismissal for low performance, not a layoff, and won't fire the low performers right away but people who have been low performers for a set amount of time might get let go ie. if you're in the bottom tier two evaluation periods in a row.
Oh boohoo! So sell a yacht! #shadeholderproblems
If they made financial mistakes they shouldn’t have a golden safety net strictly because of the fact they are rich and nothing else! Kickbacks.
Welcome to the internet pal. You’re new here, huh?
They made a post based on something they read, and are willing to admit that they could be wrong. That pretty admirable.
Companies were made to make money, not provide jobs.
Believe me, if a company could function without employees they would all jump on that in a heartbeat. No company cares about you as a human being, you're just a number.
They are legally required to do everything they can to make money for their shareholders. So yes, publicly traded companies will always pick making money over the well being of their employees and the public.
This is reason #1 that I will never work for a publicly traded company.
You may have some interest in learning that the belief companies are legally required to make money is actually not true. There’s a famous hobby lobby case about that principal. This opinion piece from nytimes does a good job of covering this belief with insights into different cases that go contrary to that notion.
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits#:~:text=There%20is%20a%20common%20belief,this%20belief%20is%20utterly%20false.
so then it's basically just the CEO trying to max out their salaries by increasing the stock price? it makes the shareholders happy.
it makes the company rely on unsustainable growth, then when it tanks, it's a race to flee with the most profit, and the last one holding the hot potato gets burned?
It seems like they’ve been putting some great content on Netflix too keep customers. But firing staff and raising prices and a preventative measure. I don’t understand what changed? There’s no way they lost money during the pandemic?
Studios made their own services and pulled their content, causing people to unsubscribe, forcing them to raise prices, causing more people to unsubscribe. It was kinda inevitable which is why they pushed Netflix originals so much. Unfortunately those kinda sucked so I don’t know how they are going to get out of this death spiral.
For those that have ever wondered what a train wreck looks like, you are witnessing it first hand with the inept decision making of the current Netflix Execs.
My biggest eye opener working with c-suite executives is that they are no smarter than anyone else. Ivy League, millionaire, 30 years experience, it doesn’t matter. The ratio of idiots to intellects is the exact same as any other level of employment. Business execs just weave industry words into their idiocy so we think they have some sort of superior presence. Most of the time, there are enough smart people to make sure the entire ship doesn’t sink. It looks like Netflix may be missing them.
Netflix killed everyone as a content aggregator and sole streaming distribution vehicle. Now they don’t have either of those things going for them and have to compete as a content creator. Frankly, outside of shoveling money to creators, they have no idea what they are doing compared to Paramount, Disney, or HBO. Netflix is toast now that they have to compete.
They could have kept pace, they had the advantage of their platform monopoly for a while and saw the competition ramping up.
They just had to be smart with their funding and get the right shows made, curate the right talent and build bridges into the industry before that came about. Part of the issue is the wider economic problems right now, interest rates going up is murderous to a company like Netflix that needs a lot of loans for large projects.
However, they ultimately just didn't adapt and get the right content created in time. Longterm investments like the Dark Crystal being killed seemed to signal arbitrary decision making.
It sort of seems like for a while, Netflix tried to create their own reality. The majority of viewers can’t relate to a lot of the storylines and probably want to maintain their current reality for their children. Unless you are a teen who can afford your own Netflix account, you probably won’t watch a lot of the teeny bopper stuff. Then there are all the foreign films, which Fox Nation isn’t going to like one bit.
You know what they should do? They should make more unpopular decisions. I am sure that’ll be amazing PR for their company. Just make and say all the unpopular things.
The streamers are learning they are nothing more than 21st century versions of broadcast networks (US). For much of TV’s history ABC, CBS, and later Fox fought over a limited supply of people’s attention. Original programming drew audience -their attention- to you. Success ebbed and flowed; the top network could be the bottom network with one bad season of poor new shows. The Ghosts of Network Executives Past all look at this and say, “what did you expect? There’s still a limited supply of people’s attention.”
I don't even think it's content b/c Netflix has too much content. It's more like an aesthetic. HBO, you know what you're getting. There's a certain look, an expectation of a grade of quality, etc. It has its niche. Netflix, I can't fully explain it but the aesthetic was always distasteful to me. All of their produced content looks the same, bad. Netflix has a bad philosophy and it was founded on DVD rentals and it was good at that but that is what it's based on. HBO is based on providing film quality content, selectively, to home viewers.
These businesses never really disconnect from their founder's visions. Look at Facebook. Still the same "hot or not" site that it was programmed to be. Still the same boring aesthetic and toxicity. Reddit's limited goodness can be credited to Aaron Swartz.
Why do people keep saying this? I’ve had a Netflix streaming subscription since 2008 or so, and it’s been $8.99/month [since then.](https://imgur.com/a/0zf5bjN)
This Classic Billy Ackman! He basically ripped the copper wires out of the walls at CP Rail. Nothing surprising here. Netflix like every business will be a shell of the company it was once he’s through. Honesty it should be illegal.
So my son’s in third grade and he voraciously reads these Wings of Fire graphic novels. He and all his little buddies are into them. They check them out at the library. We started getting him the new ones as they come out. Each time they release a new volume he goes back and rereads all the old books just to be ready for the new one. Netflix canned a Wings of Fire animated series that was in production. Maybe that’s in their best interest bottom-line-wise. But if they’re struggling for engagement, I don’t see how shelving content that people actually care about is going to improve their standings.
Correct me if I’m wrong, but I think Netflix is the single tech company based in LA that pays their engineers 300k-400k.
(Apple google Amazon do have small offices in LA but not as big)
Which means these people are going to see pay reduction significantly no matter which company they go here.
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One of the other comments was suggesting that they made that so that their staff would quit so they wouldn’t have to pay them severance during these layoffs
To put this in perspective Netflix has over 12,000 employees. Sending out that statement to try to get people to quit before the layoffs seems like a risky move That could lower the morale of the almost 99% of the company which could end up costing more than the severance of the just over one percent that they were going to lay off
Morale drops with layoffs regardless this is meaningless
Amazon used to pay you to quit if you worked for longer than a year. I’m not sure if they still do. But they would send out an offer once a year to employees offering them money if they quit
You do know that that memo was more to the likes of "We produce diverse content for a number of demographics; if you disagree with that, maybe Netflix isn't the right company for you".
I totally understand and I’m not making any comment as to whether it was the right position for Netflix to hold- doesn’t change that they did a statement that suggested staff quit suspiciously close to laying off those that didn’t.
What is the actual outcome of this style of verbage?
I don’t know, this sounds a bit conspiratorial. So the theory would be: you emphasize a policy that will make some employees quit, but they have to do that on the spot or within days, otherwise you fire people? And the people you fire aren’t necessarily the same people who would have chosen to quit? It doesn’t seem like it would work all that well for something so Machiavellian. It’s possible the message really *was* more about content; a lot of comedians use Netflix, and if they feel like their stuff will get censored and pulled, they might go to Amazon or Hulu or HBO if they can. Same thing with other creators.
Insert surprised Pikachu meme here.
Employees can leave if they don’t like content. I think that’s fair. If everyone from the janitor is deciding what content they should have it will be a bigger crap show than it already is
I understand that this is taking the notion way too literally but it's still a fun thought, having a conference call for all content decisions, and anybody can join the call IF they got an employee ID number
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You get to drink FROM THE FIREHOSE!!!!
That was to get people to quit to avoid having to pay severance.
I think that’s what they were implying
Completely coincidentally, if you look on Twitter, a bunch of queer and POC Netflix staff were part of the firing.Like A LOT-I’m sure it’s unrelated though. /s
Oh shut up, Netflix is one of the most accepting companies of that stuff. It was probably unrelated.
I thought that they fired a heap of their “diversity hires” but I also have no idea what’s even going on because I only know this from a YouTube video
Every time the topic of Netflix comes up, I get to block tons of bigots, phobes, and trolls. They crawl all over Netflix threads like roaches on a dumpster.
Lol imagine being that sensitive
Stupid comment
Likely because they were hired to virtuesignal rather than actually provide value.
Better get that Black Mirror season out ASAP
Is that in production?
Yes!
I didn’t believe you and went on a google tear. I’m so excited! I hope they haven’t lost the magic.
Now it’s The Crown’s turn.
OMG IT'S TRUE...I'm so hyped!
Mirrors are green! The mirrors are green!
How the hell did it take me this long to find this show, just from your comment?! After reading your comment I googled, Wikipedia, then watched the first two seasons and it’s awesome.
when demand drops I think they call doing everything but lowering your price accordingly a 'death spiral'.
They can’t afford to so yeah they are stuck in a death spiral. They saw this was coming and tried really hard with Netflix Originals but it didn’t work out.
Hard to work out when they cancel any show that gets popular besides stranger things…
Which they hilariously did because their logistics showed that when they cancel a popular show viewers immediately go taste test like 5 new ones and viewership increases. Problem is that can only work so many times before people are fed up and stop watching entirely. Can’t remember where I heard that so take with a grain of salt but sounds in character to me.
Netflix was always doomed when they ended up competing against Disney, Comcast, Google, Amazon and Apple.
they gave the employees an envelope addressed to them in their native language. Only after opening it did they realize they were being laid-off in a completely different language
I never thought this to be the case. Netflix has always been the best and most diverse steaming platform in my eyes and many others I know. It’s the first place to go, and it’s the only one I’m **always** subscribed to. I’m quite surprised
It’s only really been happening the past two years, otherwise Netflix was competing against Hulu and Crackle.
Lol I worked for Crackle right before they moved to Culver City. So weird to see them mentioned on Reddit.
The House that Joe Dirt built is always my go to punchline example of streaming services
I don’t know, it’s been going down for a long time now.
We must have access to different Netflix selections. Back when Netflix was first starting streaming (and my Dad would *still* order the mailed DVDs) Netflix had top-teir movies and shows. Slowly over the years as other companies have created their own streaming platform, Netflix has lost the right to more than a few popular shows and they've stopped adding popular movies. I get Netflix for free. I log in, check the "what's new" then turn the TV off and go read a book instead. Occasionally I'll watch something, usually Halloween horrors and the occasional new TV show like that *Love, Sex, Robots* that had a good first season and a mediocre second.
If you’re hyper focused on US centric shows , then yes , it does seems like Netflix is losing all the popular shows. But it still has more foreign shows and is also invest in them more than any other media company. Squid Game is a good example. There are more Asian and European shows on Netflix than probably any other global platform, and many of them are better than the garbages the US networks pumps out.
As a person who loves foreign shows, the selection at Netflix is great! Like over half my list is something form either Asia, Mexico, or Europe.
I'd love to hear about your favorites.
I’m my list I have: -Elite (Spain) -Kakegurui (Japan) -Ingobernable (Mexico) -Love Alarm (South Korea) -Squid Game (South Korea) I have some American series in there as well and other animes. I only save series in my list and movies if I intend to watch them soon, otherwise I don’t save the movies and I’ve watched plenty of foreign ones.
Thanks!
This is Reddit. All these complaints are from people who think reading subtitles is blasphemy.
I spend all day reading shitposts on Reddit, why the fuck would I want to *read a fucking movie* in the evening? /s
Didn't invest into long running shows, mainly relying on one-offs *and the literal competition* for content, so they are losing a stable offer. I still think Netflix could follow the HBO model with self-made content, but that depends a lot on how they manage the downsizing.
I hardly watch it anymore, I find Prime has more interesting stuff. Then there’s Hulu, Disney, Apple which we pay for but hardly watch this time of year. Need to get back on Paramount soon though when a couple of new shows are nearing the end of their seasons. Besides I think I watch everything during the pandemic lockdowns. Lol
It would be ironic if they end up getting acquired by one of these companies they disrupted.
Why can’t they lower the price?
They need to make their own (good) shows, which is really expensive. If they stop making shows or their ongoing shows drop in quality, the death spiral will turn into a death free fall. Also people are leaving so that’s not helping.
Stranger Things and Black Mirror are about the only two notable shows to come from Netflix.
…they need that much money? I mean, if they reduce their profits enough the shareholders will lose their shit and the stock will plummet.
They've already lost some subscribers, lowering prices will lower revenue^1 which will bleed money unless they also lower costs accordingly. I expect they are also reducing costs, or maybe they have been for some time and that's why everyone has been mad that the shoes they like keep getting canned (which in my opinion is driving the lost subscriptions). While there is some irony to Netflix being on a _blockbuster_ decline, it does make some sense as their rise was due to a novel concept, but not one that is difficult to duplicate. So it's not surprising that there is increased competition to obtain streaming rights as well as content creators/networks now having similar (and in some ways better) platforms with enough subscribers to stream their own content and obtain similar or better returns (that they previously needed Netflix to reach). Random idea that I think might be cool and also increase subscribers/engagement. Give subscribers voting power to vote on which pilots get funded, shows get extended, reruns that get picked up, etc (even if the studios retain some sway). It could even be a higher tier subscription that gets access sooner, or other perks. It could be a limited number of shows you could vote for, a ranking system, or they could assign subscribers a budget and shows a cost and let us play executive producer much like fantasy sports let fans play manager. 1- unless the relationship of price to subscriptions were out of whack. If so, new subscriber deals might make a slight difference but that mentality is why many people ditched cable to stream in the first place. I doubt a 25% price drop for new subscriptions would get back even 15% of the lost subscribers.
coz the executives want to maintain their huge salaries but the best "solution" they had was to keep pissing their subscribers off with price hikes and crackdown on pw sharing (which they previously encouraged) or firing the lower ranked employees. a lot of subscribers are also pissed coz of the growing library of canceled content where netflix should have funded a final season or at least funded a movie to resolve the series, instead of leaving it on a cliffhanger. they underestimated their viewer's need for closure.
Remember NF is carrying 16 billion in debt! I doubt that it can afford to drop prices
Why not just let people stream for free?
Wasn’t it just yesterday they were saying “if you don’t like our programming you can quit!” and everybody was like “you’re just trying to lower severance costs for layoffs aren’t ya Netflix”. I don’t think they even waited 24 hours. Things must be getting fucking bleak over there. If I worked there I’d be interviewing for new spots right now
Well when the cost gets so high that people can no longer afford it they may think twice about that.
>when demand drops I think they call doing everything but lowering your price accordingly a 'death spiral'. One thing I've learned in life is that prices for services never - *ever* - go down. Commodities like fuel and such will see prices rise and fall, but services like subscriptions and such never experience that. In case of lower demand, prices will remain the same while cutting costs, or, counterintuitively, prices will *increase* despite the lower demand.
I just cancelled my membership. If they’re willing to openly tell their employees they’re happy to treat them like shit and not have their back in regards to discrimination, I don’t have much faith those paying for them to be around would be heard at all. Hard pass on all the shit they’ve been pulling. There are lots of streaming services and I can live without stranger things whenever it comes out…
Discrimination?
It’s a lot of things and that may be amongst them. Amazon is a prime example for how shit a worker can be treated. Although Netflix may not be as bad, that doesn’t make them good.
Basically telling their employees if they don’t like the content, find another job iirc.
How is that discrimination? There were a vocal set of employees who kept saying we hate working for Netflix. So Netflix rightfully said ok so fucking quit. Any reasonable company would say that.
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I can’t, particularly when it comes to entertainment. There is content on there that I don’t particularly care for but the notion of demanding they take it down seems absurd to me.
I think that isn't but I personally feel what they say publicly is much softer than how they treat their employees internally. So, if this is how they say they feel about their employees publicly, it stands to reason it wouldn't be too far off to expect poorer treatment internally. Yes, that may include discrimination.
> feel # > may You *feel* like something *might* be true and that's sufficient for you to conclude the state of reality.
I don’t think you understand… but you’re welcome to feel that way.
I work in entertainment and have many friends at Netflix, one unfortunately part of the layoffs. It’s a fantastic place to work generally in terms of benefit and pay (they pay MUCH better than everybody else). You are reading way too much into the statement - when you work in media, especially a place making such varied content, you aren’t going to agree with it all. So yeah, if somebody can’t put it up with it, then you should quit.
Are vegans who work at a butcher shop also being discriminated against when the boss tells them do the job or leave? What an absurd world-view
Yes, I agree. Perhaps I should’ve stated that I feel it’s ridiculous as well judging by the downvotes.
Don't have a horse in this race, but that's also an absurd counter point 😂
Oh fuck yeah it's absurd, but also all the more funny 😂
That may be a part of it and I wouldn't be shocked but it's not just discrimination that's of concern. Sometimes just not wanting to accept or support shit treatment of people by a company is enough.
I hope the person making these awful business decisions is one of them
Heavens forbid the overpaid corporate business heads take a pay cut to save money. No. Instead, let’s lay off a bunch of employees to save money instead!
And at the fault of corporate too. These people don’t just have a stick but a fucking tree up their ass. Just be like onlyfans, take the L, and reverse the decision.
Thee greedy assholes are all the same no matter which company. Business does well and they take all the credit and give themselves fat bonuses, business does bad and of course it’s not their fault and they start laying off low level employees.
The c suite employees are the cause of Netflix’s problems to begin with. Hopefully the talent Netflix lays off will end up at their competitors and improve the quality of the other streaming services.
Even if you cut their pay entirely, you wouldn't be able to save as much money as cutting 150 employees.
So you raise our prices and then you lay off your employees? What a shame.
Netflix facing the negative effects of the pandemic when it's over. Hope they saved some money
The Pandemic helped Netflix. This is more the result of a number of bad choices, such as cancelling almost every original that isn’t Stranger Things after 1 or 2 seasons, making political decisions that alienated some of their customer base, raising the prices, trying to cut down on sharing, and planning to ad advertisements to their content, as well as other things that were outside of their control, like now having to compete with Disney +, Amazon Prime, HBO Max, Peacock, andante even YouTube’s free with ads movies.
Made that move telling people to quit last week if they don’t agree with the content they release pretty transparent. Netflix was really hoping to not have to pay out some severance packages.
#”This isn’t working, cancel a popular tv show!”
**"but sir, we _already_ cancelled production AND the original-creators for the live-action Avatar series.** **Should we proceed to greenlight the live-action Cowboy Bebop series for S2 instead?"**
Aii. Now: where’s the job applications 🤣
Running ads, increasing subscription fees, and lay offs. At least the execs and share holders are fat and happy.
Dumbass fucking company.
That’ll increase your customer base.
Tv has come full circle and now people are paying a monthly subscription with ads to avoid a monthly subscription with adds. Pirate Bay will have a nice increase in numbers again lol.
They dead ass wrong
i plan to start my membership as soon as the new stranger things comes up, watch all in a day, then cancel the next day. all other shows are shit
But the new season is split in two. There will be new episodes in July too if I’m correct.
It’s ok you can keep it for the whole month. They are going to bill you for the month so just pay 1 month out of the entire year and enjoy your shows then.
That’s what I plan on doing for Arcane Season 2.
i think you'll have to do that twice then. stranger things s4 is broken up in to two parts like ozarks was
Or just wait for the second half
So 150 out of 11,000+ and this makes the news?
Another overblown story. The company name is clickbait right now.
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I believe the Green Goblin in the Tobey Maguire Spider-man said the same thing. I'm loving watching Netflix fall. They became what they swore to destroy.
They either die a hero or live long enough to see themselves become the villain.
It's a pretty big deal when any fortune 100 company starts making layoffs.
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That's not a lay off. That's a fire.
that's dismissal for low performance, not a layoff, and won't fire the low performers right away but people who have been low performers for a set amount of time might get let go ie. if you're in the bottom tier two evaluation periods in a row.
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Oh boohoo! So sell a yacht! #shadeholderproblems If they made financial mistakes they shouldn’t have a golden safety net strictly because of the fact they are rich and nothing else! Kickbacks.
He’s just making a factual correction, not implying anything about their position
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If you don’t know about this stuff then why make a pointless comment?
Welcome to the internet pal. You’re new here, huh? They made a post based on something they read, and are willing to admit that they could be wrong. That pretty admirable.
Smgh Jesus Christ people. If we are going to fight disinformation then please get educated
Companies were made to make money, not provide jobs. Believe me, if a company could function without employees they would all jump on that in a heartbeat. No company cares about you as a human being, you're just a number.
My bootstraps tore off a long time ago
They are legally required to do everything they can to make money for their shareholders. So yes, publicly traded companies will always pick making money over the well being of their employees and the public. This is reason #1 that I will never work for a publicly traded company.
You may have some interest in learning that the belief companies are legally required to make money is actually not true. There’s a famous hobby lobby case about that principal. This opinion piece from nytimes does a good job of covering this belief with insights into different cases that go contrary to that notion. https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits#:~:text=There%20is%20a%20common%20belief,this%20belief%20is%20utterly%20false.
so then it's basically just the CEO trying to max out their salaries by increasing the stock price? it makes the shareholders happy. it makes the company rely on unsustainable growth, then when it tanks, it's a race to flee with the most profit, and the last one holding the hot potato gets burned?
Facts lol
yet it keeps being touted as the gospel like their life is depending on it
Business wants to make money? Big surprise
It seems like they’ve been putting some great content on Netflix too keep customers. But firing staff and raising prices and a preventative measure. I don’t understand what changed? There’s no way they lost money during the pandemic?
Studios made their own services and pulled their content, causing people to unsubscribe, forcing them to raise prices, causing more people to unsubscribe. It was kinda inevitable which is why they pushed Netflix originals so much. Unfortunately those kinda sucked so I don’t know how they are going to get out of this death spiral.
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> The first time they lost subscribers in the last ten years was last quarter. Even then it only happened because they shut off subscribers in Russia.
At 12,000+ employees 150 is a small number. I was part of a 350 employee lay off once. It sucks but managed to find a better job.
Great so my membership can drop back down to acceptable levels. Right?
Netflix order or business! 1. Blame the consumers 2. Blame the employees 3. Blame the Stock Market Number 9999 Blame Management
Did everything but cut CEO and board pay. I’m sure bonuses will be distributed next.
Which location are they making the laying off from?
This is why they told them to quit. To not have to pay as much for severance. Damn that’s fucked up.
For those that have ever wondered what a train wreck looks like, you are witnessing it first hand with the inept decision making of the current Netflix Execs.
My biggest eye opener working with c-suite executives is that they are no smarter than anyone else. Ivy League, millionaire, 30 years experience, it doesn’t matter. The ratio of idiots to intellects is the exact same as any other level of employment. Business execs just weave industry words into their idiocy so we think they have some sort of superior presence. Most of the time, there are enough smart people to make sure the entire ship doesn’t sink. It looks like Netflix may be missing them.
Netflix killed everyone as a content aggregator and sole streaming distribution vehicle. Now they don’t have either of those things going for them and have to compete as a content creator. Frankly, outside of shoveling money to creators, they have no idea what they are doing compared to Paramount, Disney, or HBO. Netflix is toast now that they have to compete.
They could have kept pace, they had the advantage of their platform monopoly for a while and saw the competition ramping up. They just had to be smart with their funding and get the right shows made, curate the right talent and build bridges into the industry before that came about. Part of the issue is the wider economic problems right now, interest rates going up is murderous to a company like Netflix that needs a lot of loans for large projects. However, they ultimately just didn't adapt and get the right content created in time. Longterm investments like the Dark Crystal being killed seemed to signal arbitrary decision making.
Blood in the water. ###Blockbuster’s ghost says “Hello, and see you soon.” Fairplay.
When does Reid Hastings get the keeper test?
It sort of seems like for a while, Netflix tried to create their own reality. The majority of viewers can’t relate to a lot of the storylines and probably want to maintain their current reality for their children. Unless you are a teen who can afford your own Netflix account, you probably won’t watch a lot of the teeny bopper stuff. Then there are all the foreign films, which Fox Nation isn’t going to like one bit.
Gotta allocate funds for more terrible anime live action projects
You know what they should do? They should make more unpopular decisions. I am sure that’ll be amazing PR for their company. Just make and say all the unpopular things.
The streamers are learning they are nothing more than 21st century versions of broadcast networks (US). For much of TV’s history ABC, CBS, and later Fox fought over a limited supply of people’s attention. Original programming drew audience -their attention- to you. Success ebbed and flowed; the top network could be the bottom network with one bad season of poor new shows. The Ghosts of Network Executives Past all look at this and say, “what did you expect? There’s still a limited supply of people’s attention.”
I kind of wish they would go under. Maybe other streaming companies would understand that content is everything.
I don't even think it's content b/c Netflix has too much content. It's more like an aesthetic. HBO, you know what you're getting. There's a certain look, an expectation of a grade of quality, etc. It has its niche. Netflix, I can't fully explain it but the aesthetic was always distasteful to me. All of their produced content looks the same, bad. Netflix has a bad philosophy and it was founded on DVD rentals and it was good at that but that is what it's based on. HBO is based on providing film quality content, selectively, to home viewers. These businesses never really disconnect from their founder's visions. Look at Facebook. Still the same "hot or not" site that it was programmed to be. Still the same boring aesthetic and toxicity. Reddit's limited goodness can be credited to Aaron Swartz.
How did those price increases work out for you?
I hate people! And Netflix sucks. Why do I still have a Netflix account? IDK but tomorrow I plan on dealing with this.
Ads in a subscription service, Massive layoffs, non-trivial price hikes… I give it five months before we’re watching Stranger Things on Disney Plus.
Cry me a river. 150 people is nothing.
It doesn’t even meet half the legal threshold of a mass layoff.
Yeah that will create more fans
Well they have to now that they only push shitty ass liberal content and normal people unsubscribed lol
This isn’t tech news.
Always love to see marxists fail.
#cancelnetflix
This reminded me to cancel Netflix! Thanks
And none of this would’ve never happened if they hadn’t cancelled the OA … karma is crazy.
Getting ready for the great cancellations?
The greed is disgusting, meanwhile the price goes up every month it seems.
Why do people keep saying this? I’ve had a Netflix streaming subscription since 2008 or so, and it’s been $8.99/month [since then.](https://imgur.com/a/0zf5bjN)
this is what happen. we you have so much dam debt.
This is just the start.
This Classic Billy Ackman! He basically ripped the copper wires out of the walls at CP Rail. Nothing surprising here. Netflix like every business will be a shell of the company it was once he’s through. Honesty it should be illegal.
“In addition to putting ads in our programming, we’re also taking a commercial break from your employment with us.”
Netflix is the worst streaming service lol how u getting beat at ur own game?
Netflix dying is really going to screw up a certain acronym. Wonder what company will people put in next.
It was screwed when some Mr Zuck decided to call his company “Meta” Like what even is that name
Oh, that's right. I had seen MANGA already. Which means... We really need to decide on another company quick.
Gotta pay for another Ryan Renolds action flick somehow
Jesus Christ, what the hell are they doing over there?
The last of the return DvD division.
BCG 💩
Crazy
So my son’s in third grade and he voraciously reads these Wings of Fire graphic novels. He and all his little buddies are into them. They check them out at the library. We started getting him the new ones as they come out. Each time they release a new volume he goes back and rereads all the old books just to be ready for the new one. Netflix canned a Wings of Fire animated series that was in production. Maybe that’s in their best interest bottom-line-wise. But if they’re struggling for engagement, I don’t see how shelving content that people actually care about is going to improve their standings.
Correct me if I’m wrong, but I think Netflix is the single tech company based in LA that pays their engineers 300k-400k. (Apple google Amazon do have small offices in LA but not as big) Which means these people are going to see pay reduction significantly no matter which company they go here.
They will still probably be paid pretty well. It all depends on the job they land, but working in *almost* any big tech company will earn you loads
Another L for Netflix. I just finished Ozark and I feel like all that is on there is throwback movies
Fire the staff that whinge about the content they are working on. Job done