Earlier quoted context omitted.
Then it makes perfect sense. Not that hard to endure a little wild wild waste ride for $700K per year.
I agree, they sometimes exchange dignity for money. In fact, it is not-my-wild guess that the probability of stopping a homicide steeply decreases with the amount of money given to look the other way. For some, even their sister's. Go figure for a job in tech.
At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
311–320 of 335 posts
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#312Earlier quoted context omitted.
That's what you get when you have fixed quotas for firing people, e.g. bottom 10%. After a few rounds you have some very good people left and either you fire good people that are hard to replace or you hire people to fire them. I don't understand how the top guys don't see that dynamic.
Stack ranking is a very bad idea. At MSFT, as I understand it, it led to some terrible dynamics, such as people not helping each other within teams, nor across teams, and no one wanting to stick their necks out. Labor is the biggest cost at tech companies, so one can understand desperate attempts at getting a handle on that cost. As long as you don't throw the baby out with the bathwater...
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#313Earlier quoted context omitted.
Hate to break it to you, but $360k total comp for a senior engineer (the only type Netflix hire) is at best on par with FAANG.
It may be on par, but that's total comp. My understanding is that the 'Flix doesn't do bennies, matching, vesting over time, etc., they just throw straight cash at you. Reduces their overhead -- no plan administrators, etc. -- and no abstractions or surprise fine print in the 401k matching or classes of stock or whatever.
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#314> Richard Siklos, a Netflix spokesman, said the company only fires employees for performance reasons, not because managers don’t like them From what I've seen, managers give poor performance reviews or "metrics" when they don't like people. This feels like a distinction without a difference.
Let's not overlook someone's effectiveness as an influence on likability. I hired a grumpy, cynical systems administrator who often spoke his mind at inopportune times, but I'll admit he was head and shoulders above every other candidate in terms of technical ability. And he was diligent. I liked him. I liked him in spite of his shortcomings. In general I tend to make large allowances for people of strong technical a…
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#315Kudos to Netflix for effective practices.
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#316Earlier quoted context omitted.
Further, to that point, any manager that dislikes a report is likely going to have a very difficult time getting quality work out of that report regardless of how talented they may be. Ergo, the report's performance may be suffering, but entirely because they're being poorly managed.
Very true. A pattern I've seen when relationship between employee and superior goes south is similar to disfavored step-child: They get less praise for doing well, and more blame for any mistake. This tends to escalate over time, and very often the employee's performance will degrade (since they won't get any credit anyway) which escalates the situation. Often they "patch things up" a few times, but if they really ar…
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#317Are you kidding me? What a waste of talent.
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#318Earlier quoted context omitted.
> The CEO ... believed that regularly letting people go was a way of eliminating bad apples and forcing people to work harder and smarter. Microsoft called it Stack Ranking.
Presumably it wasn't structured like MS's stack ranking, it was arbitrary. It's a weird feeling to come in regularly and be uncertain if you'd still be employed by the end of week, but not for anything you specifically did. Now that I think about it, it was a bizarrely nepotistic environment. An engineering manager would hire their friends, many speculated as at least partial insurance against being fired. But once t…
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#319> Richard Siklos, a Netflix spokesman, said the company only fires employees for performance reasons, not because managers don’t like them Oh how I wish I could have had that. I've had an experience in the past where I was dismissed because my manager decided he just didn't like me anymore. Although I was the best performing, most senior developer on the team and was doing all the hiring and mentoring of others, it d…
Re: At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks
#320Earlier quoted context omitted.
It may be on par, but that's total comp. My understanding is that the 'Flix doesn't do bennies, matching, vesting over time, etc., they just throw straight cash at you. Reduces their overhead -- no plan administrators, etc. -- and no abstractions or surprise fine print in the 401k matching or classes of stock or whatever.
Netflix has taxable free uber rides for commuting employees, so I would say they definitely have benefits.
How costly and valuable are a few Uber rides per year (that are also justified as a business expense)?
Now compare that to a decent 401k matching program...