close_game
close_game

Netflix updates its company culture deck, gets pushback, Co-CEO explains it

Oct 23, 2024 09:55 AM IST

Netflix Co-CEO Ted Sarandos defended the company's move to update its culture deck by ditching the freedom and responsibility section

Netflix updated its famous culture deck in June after 12 months and getting 1,500 employee comments, but still received pushback for it, according to a Business Insider report which added that the company's co-CEO Ted Sarandos said the original version put “more emphasis on freedom than responsibility.”

A man stands next to a logo of Netflix during an event in Mumbai, India, February 29, 2024.(Francis Mascarenhas/Reuters)
A man stands next to a logo of Netflix during an event in Mumbai, India, February 29, 2024.(Francis Mascarenhas/Reuters)

Also Read: Tim Cook visits China for 2nd time this year. Is Apple worried about sales in the country?

What are the details of the new culture deck update at Netflix?

In the update, the streaming platform ditched the freedom and responsibility section of the culture deck and added a new one called “People Over Process.”

This new section focuses on hiring "unusually responsible people" who thrive on openness and freedom, according to the report.

Apart from this, it also added a line to its "Keeper's Test." This test, introduced in 2009 is used to determine when its time to let an employee go if they wanted to leave.

The line includes a disclaimer which says everyone is encouraged to talk to their managers regularly about what is going well.

Also Read: Canva’s Leonardo.ai acquisition bears fruit, accelerating AI push with Dream Lab

What did Netflix's Co-CEO say about the culture change?

“When anyone says, 'Hey, the culture is changing.' Yes, of course it needs to. We definitely change the culture,” Sarandos said during an interview at The Wall Street Journal's Tech Live conference. “We wanted to reflect how we work, not dictate how we work.”

The culture memo was referred to by former Meta COO Sheryl Sandberg as being "the most important document ever to come out of the valley," and was previously updated in 2022 where Netflix suggested employees could quit if they didn't want to work on content they disagreed with.

Also Read: Respecting rights of users, fundamental to building AI: Canva’s Robert Kawalsky

Stay updated with the...
See more
Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Breaking News Events and Latest News Updates on Hindustan Times.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, December 05, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On