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Netflix CEO explains why he pays technologists huge salaries

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Re: Netflix CEO explains why he pays technologists huge salaries

#61

I have no opinion on Disney, as it's not available in my country, but generally for me Netflix's latency from the play button is much better than youtube's or HBO Go's. HBO's app / web page is full of bugs that would be probably easy to fix (it gets stuck even after I turn my new Samsung TV off and on again, I need to force quit the app). At the same time while youtube offline video watching always works for me on my…

Ozark One of the best shows on Netflix

Re: Netflix CEO explains why he pays technologists huge salaries

#62
post #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."

That was my thought too. The problem here isnt with "superstar developers", it's with people who don't understand the work trying to label people as such and doing a piss-poor job. Someone who doesn't write code others can read isn't even a mediocre developer, hes a bad one.

It's arguments like these that make me very skeptical of the claims that 10x developers don't exist, as I've yet to hear such an argument that doesn't fail at basic critical thinking.

That being said, I fully agree with the article's framing of this view as simply saying that talented developers need a healthy working environment in order to reach their potential.

Re: Netflix CEO explains why he pays technologists huge salaries

#63
post #52
post #29

Earlier quoted context omitted.

Netflix's development scale seems to be legitimately massive considering their reach across platforms, scale, customers and etc.

At a larger scale than Microsoft though?

For some context of scale: Netflix is between 12-19% of all internet bandwidth

Re: Netflix CEO explains why he pays technologists huge salaries

#64

Earlier quoted context omitted.

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.

amazon is actually known for paying low salaries...

Re: Netflix CEO explains why he pays technologists huge salaries

#65
post #53
post #22

Earlier quoted context omitted.

Probably because of FANG association. FANG = Facebook, Amazon, Netflix, Google

I find it strange that Netflix is associated with them considering the breadth of subdivisions and acquisitions that Google, Facebook, and Amazon have.

FANG was originally a Jim Cramer thing [0, 1] about very high-growth tech stocks that somehow evolved into being about the big, high paying tech companies. The original didn't even have Apple but people started using FAANG to include it.

[0] https://www.cnbc.com/id/100436754

[1] https://www.investopedia.com/terms/f/fang-stocks-fb-amzn.asp

Re: Netflix CEO explains why he pays technologists huge salaries

#66

Why does the article use the term "technologists" when Hastings' quotes are all specifically about software engineers ?

In the same vein, even I get confused what to call myself when talking to other people. There's like 5 or 6 different ways to identify my position: programmer, coder, developer, engineer, hacker..."technologist" isn't that big of a reach from them I guess.

Software Engineer seems a pretty safe choice.

Re: Netflix CEO explains why he pays technologists huge salaries

#67

What 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.

My manager was forced to go help his family in a foreign country for a month and they fired him before he returned. They did this almost routinely (and still do from those I speak to) to people who had to take time off. It’s a highly political and backstabby kind of place. It’s the only company in SV I’ve worked at (been at more than half of FAANG) where yelling matches were not uncommon in meetings. The culture slide deck was mocked internally especially for how many brilliant jerks were kept on payroll.

Oh and to top it off, the company is mostly Hollywood production people by sheer number nowadays. The focus of the company has veered so far from technology I doubt its a great engineering culture anymore. Internally they boasted they would become HBO before HBO could become them, but who the hell wants to be HBO? Quite the turn off. There were many of these.

Re: Netflix CEO explains why he pays technologists huge salaries

#68

Earlier quoted context omitted.

In the same vein, even I get confused what to call myself when talking to other people. There's like 5 or 6 different ways to identify my position: programmer, coder, developer, engineer, hacker..."technologist" isn't that big of a reach from them I guess.

Software Engineer seems a pretty safe choice.

Not so. In some states, engineer is a protected term.

https://en.wikipedia.org/wiki/Software_engineer#United_State...

edit I may have been mistaken and the word engineer itself may be non-protected, but the term software engineer specifically is protected in Florida:

http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Displ...

Re: Netflix CEO explains why he pays technologists huge salaries

#69

Earlier quoted context omitted.

In the same vein, even I get confused what to call myself when talking to other people. There's like 5 or 6 different ways to identify my position: programmer, coder, developer, engineer, hacker..."technologist" isn't that big of a reach from them I guess.

Software Engineer seems a pretty safe choice.

See, I feel silly calling myself a "software engineer" - it sounds like "sanitation engineer" or "domestic engineer" to me. I always say programmer or software developer.

Re: Netflix CEO explains why he pays technologists huge salaries

#70
post #13

I 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.

When Cramer coined the FAANG acronym, Netflix was included. That group of companies was grouped together by investors due to their performance and marked dominance at the time, which has by and large continued.

In addition to their stock price, these companies also pay very well. In fact, if you are lucky to get an offer from Netflix, their aim is to pay you and keep you at "top of personal market". That is, they do not believe anyone will pay you more in total comp. Netflix does mostly, if not all, base salary as opposed to equity grants.

From all my friend in FAANG, this has seemed to be true, Netflix employees make more than anyone else I know in tech.

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