Thursday, January 26, 2023

Netflix not as transparent as before: employees of the company have stopped access to the salaries of their colleagues

Netflix is ​​the company that always shows its transparency Restricting some employees’ access to their peers’ salariesspecifically informed wall street journal Quoting people familiar with the matter.

Netflix executives could, until a few weeks ago, consult their partners’ remuneration, but Netflix stopped allowing them access late last year, as some of those affected have assured the US media. Directors are senior managers with titles below that of senior executives and vice presidents.

Behind this change in the giant’s transparency policy streaming In recent years there will be a massive influx of newcomers into positions of responsibility, something that will increase competition among employees, compared and demand to match the pay of other associatesSources have indicated despite doing different TWSJ.

At the end of 2021, Netflix had 11,300 full-time employees, the most recent period for which data is available, a figure nearly 60% higher than 3 years earlier.

Los Gatos Company in 2022 a significant reduction in its workforceLike the rest of the big tech companies, it is laying off nearly 400 employees at a time when the company’s strategy to control spending after 2022 complicated customer losses and tough stock market conditions.

Netflix has been characterized since its inception by a culture of transparency and horizontality, embodied in the book that its CEO and co-founder Reed Hastings wrote in 2022, no rules no rules translated into spanish as There are no rules here.

under this “chaotic” premise and that appeals for the responsibility of its workersThe company said in a presentation about it, Hastings built an empire with a corporate culture where people should be able to set their own work hours and police their vacation time, as long as they do a good job. able to do.

In that book Hastings gathered things like “For our employees, transparency has become the biggest symbol of how much we trust them to act responsibly” where they claimed to increase “organizational transparency” and eliminate “trade secrets”.

However, 2 decades after the genesis of the “there are no rules” mentality, such rules about pay transparency shake the giant streaming.

Nation World News Desk
Nation World News Desk
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