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Netflix CEO explains why he pays technologists huge salaries
31–40 of 448 posts
Re: Netflix CEO explains why he pays technologists huge salaries
#32In my opinion a huge role in the raise of IT people salary is their tendency to brag about their salary, one way or another.
For better or for worse, this lead to discussions about salary, negotiating practices, and to people looking elsewhere.
I sometimes speak with people that work in other fields and many of them have zero clue about these topics, whereas in most IT-related discussion boards (whether it's HN, reddit or whatever) there's a related thread in an almost periodic cadence. We in IT are kinda obsessed with these topics (we're discussing this on a VC-owned discussion board after all).
On a different topic: is there any data for salaries in other fields for the same companies (FAANG and similar) ? It'd be interesting to see how much earns, for example, a lawyer in such companies.
Re: Netflix CEO explains why he pays technologists huge salaries
#33I never understood why Netflix frequently gets mentioned in the same context as Apple, Google, and Amazon. I think I hear more about it than Microsoft on here. Can anyone explain this to me? Surely they aren't the only newish company that tries to employ smart people by paying well.
It's probably because they are a 200B+ company
Re: Netflix CEO explains why he pays technologists huge salaries
#34> Eventually, Rick snapped. Once he departed the company, the team of supposedly “mediocre” engineers redid his work to make it more elegant and efficient: “We didn’t have any mad geniuses building everything from scratch. But our productivity was never higher.”
A silly strawman. I'd firmly put someone like this in the bucket of "not that effective."
Re: Netflix CEO explains why he pays technologists huge salaries
#35lol they’re comparing it to disney and amazon. plenty of other companies pay the same or more than netflix
The comparison to Disney and Amazon is because their products are in competition, not because they pay similar wages
Amazon is also known for paying high tech salaries. And also known for being a shit place to work. It sucks, but they pay for it.
Re: Netflix CEO explains why he pays technologists huge salaries
#36I never understood why Netflix frequently gets mentioned in the same context as Apple, Google, and Amazon. I think I hear more about it than Microsoft on here. Can anyone explain this to me? Surely they aren't the only newish company that tries to employ smart people by paying well.
Very likely Netflix is in your investment portfolio, even if you've handed control over to a mutual fund.
Re: Netflix CEO explains why he pays technologists huge salaries
#37Color me dubious on this fella's assertions after his tirade against remote work.
Whether or not one agrees with him... It's not really inconsistent to pay people at the top range but that comes with an expectation of being shown the door if they don't perform at the top levels and coming into an office to work because that's better for the company (in Hastings' view).
For 500k a year I'd be more than willing to show up at an office.
I assume they're spending money on testing and whatever protocols they need to enforce to ensure they don't kill / incapacitate their golden legion of software engineers. And when you're making that much money, it becomes much easier to (for example) have someone else do your grocery shopping.
Re: Netflix CEO explains why he pays technologists huge salaries
#38Exactly what is Netflix doing that requires such skilled programmers? As a consumer of its product I haven't noticed any significant groundbreaking changes to the platform in years. I find more people complaining about the software experience as years go by. What have these rockstar programmers done exactly? I can tell you it's for sure not the UX, or its recommendation engine, which are frankly both abysmal.
I'm guessing it's less the quality of the code they produce and more the quantity. Their rockstar programmers can work 10x more efficiently than other programmers, thus the CEO can hire 10x fewer programmers.
Re: Netflix CEO explains why he pays technologists huge salaries
#39What happens when the Rockstar programmer needs time off because of a death in the family? Is Hastings okay with that if it's in the middle of an important project that can't easily be taken on by others? If great programmers are limited by supply I suppose he has no choice but to keep them.
Used to work there. Yes, he is. Absolutely. Without a second of doubt.
FYI, you appear to be shadowbanned. Your comment was showing up as dead to me.
Re: Netflix CEO explains why he pays technologists huge salaries
#40In my opinion a huge role in the raise of IT people salary is their tendency to brag about their salary, one way or another. For better or for worse, this lead to discussions about salary, negotiating practices, and to people looking elsewhere. I sometimes speak with people that work in other fields and many of them have zero clue about these topics, whereas in most IT-related discussion boards (whether it's HN, redd…
That or demand side is fuelling the discussing