Earlier quoted context omitted.
From what I understand, Netflix doesn't cull the herd — they get rid of good (but not excellent) performers too. The article is talking about actually cullung the herd and getting rid of the mediocre performers who previously could skate by.
Yeah true, but this coming from the likes of Facebook and Google, two companies well known for warehousing talent... it mostly just comes across as tone deaf and naive. For years they've literally hired very smart and capable people, and then shoehorned them into working on some ad-tech engine that an intern could do, just so they didn't work for a competitor. And now they're angry that their employees "don't work ha…
Isn't this a failure of the free market? This leads to the obvious question, which is: what could be done to improve optimal talent distribution?
It seems bad to society if rich companies can monopolize talent to control development and output in order to ensure greater political power and control.