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Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

inc.com

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Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#81

Post by fro0116 »

jlesk wrote: post #65
fro0116 wrote: post #54

Earlier quoted context omitted.

By "top tier", do you also mean people who are willing to put in longer than normal hours and deal with a super-competitive culture and the office politics and drama that come with it? Or am I reading too much into the quotations? I'm honestly just interested in hearing more about what the culture at Netflix is like.

Netflix employee here. You can find out a lot about our culture from our culture page: https://jobs.netflix.com/culture It's not just marketing fluff. It really does a good job of reflecting what it's like to work there, and is taken seriously by everyone from the top down. As I mentioned elsewhere in this thread, it's not a competitive environment, and I've experience very little politics and drama. Those things are…

Thanks, that was really helpful!

Do you have any kind of remote working allowance? Or are you expected to be in office all the time?

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#82

Post by corporateguy5 »

pfarnsworth wrote: post #7

Duh. The ones that survive are making ~400k/yr pure cash and very very happy. I've heard they will fire very quickly though but those that fit into the culture must be extremely happy.

Weird part is, if you get into a hedge fund it's not that hard to make that much, even for engineers.

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#83

Post by razwall »

chaostheory wrote: post #77
cletus wrote: post #73

Earlier quoted context omitted.

You need to make sure you're comparing apples to apples here. Netflix has high salaries but doesn't (for normal employees anyway) give equity. The other big tech companies do. And equity can be a significant part of your total compensation especially given tech stock performance. I think there's no bonus either but I'm not certain of that part. Note that some will consider paying straight salary an advantage. It's ce…

Aren’t bonuses are taxed at a much higher rate compared to salary?

No, bonuses are taxed at the same rate as salary. The withholding calculations are different, so you tend to have a bigger chunk taken out of your bonus check. But if that chunk is greater than your actual tax rate, you'll get the difference back in your tax refund.

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#84

Post by hackits »

dmoy wrote: post #62
ravenstine wrote: post #60

Earlier quoted context omitted.

A person can have an income of $300k a year but spend every penny of it on debt and necessities. That's generally not considered making a profit. EDIT: Sorry, I misunderstood something. Netflix has indeed been making a profit.

Sure but if a corporation makes 300k a year that's called revenue, the revenue minus costs are profit, no?

Revenue-Expenses=Profit

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#85

Post by kevinr »

The hed is a little misleading---what is meant by happiness in the article itself is that Netflix employees more likely feel they're compensated fairly and aren't looking for other jobs.

That is, however, really nice confirmation that Netflix does in fact live what I was told when I interviewed there, that Netflix prides itself on offering the best comp package in industry. (They followed that by casually offering to more than triple my salary, so I had some inkling they weren't just making that up, but it's easy to write off one data point in a high-demand field as an anomaly.)

I'm most impressed that Amazon is doing as well as it is in those rankings, given how much shit they've gotten in the press over the last few years.

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#86

Post by kevinr »

dilemma wrote: post #43
mikeyouse wrote: post #29

Earlier quoted context omitted.

Nah, they reliably make ~$100M per quarter in net income and have a few billion in cash reserves. They're on very stable financial footing.

Their content production is amortized over 5 years. In reality, they're in the red.

Recognizing both expenses and revenue over time is part of generally accepted accounting practices (GAAP).

Intuitionistically, it makes total sense that you get a clearer picture of the true state of the finances of Netflix as a going concern if they recognize the costs of a show on their balance sheet over five years when they expect subscribers to still be watching it for the first (or second, or third) time several years on.

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#87

Post by kevinr »

baddox wrote: post #21
brogrammernot wrote: post #14

Earlier quoted context omitted.

I also don’t know a single engineer whose total comp is below $300k at Netflix. They get paid well and the caliber of talent is top tier.

I could certainly be wrong! That feels shockingly high as an average, but good on Netflix for valuing talent. Something to aspire to. ;)

Netflix explicitly have a policy of trying to pay the best in the industry, as I was told when I interviewed there. Turns out it works!

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#88

Post by miranda_rights »

astrange wrote: post #63
brogrammernot wrote: post #14

Earlier quoted context omitted.

I also don’t know a single engineer whose total comp is below $300k at Netflix. They get paid well and the caliber of talent is top tier.

What do they do all day? Pressing play and getting video already works, and you can’t program your way out of Netflix’s existential threat of nobody renewing their streaming licenses.

Netflix does a lot of work on reliability/availability and are known for being good at it - they've actually open-sourced a lot of their tooling too.

Re: Netflix Employees Are Happier with Their Job Than Facebook or Google Employees

#90

Post by underwoodley »

0xbear wrote: post #76

Seems like selection bias. Netflix fires you if you’re not happy.

That's not a selection bias. It's (if true) an actual part of the cause of Netflix engineers being happy with their job. If the headline 'People who have worked at Netflix at some time in the past are happier' then yes, only asking people who are still there would be selection bias.
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