Earlier quoted context omitted.
> because Netflix encouraged us to interview for outside jobs at least once a year Can you tell us more about this? What's their reason for it?
Netflix separated pay and performance. Your performance was evaluated all year, and if you weren't a top performer, you were let go. In the spring we would do 360 reviews, where anyone could write a review of anyone else, to give candid feedback (although giving candid feedback was encouraged all year, but this gave you a formal outlet to do it). In the fall, your pay was evaluated (and kicked in at the new year). Yo…
If "top performer" is defined as, say, 90th percentile, does that imply >90% turnover?