Netflix is looking for its customers’ wallets.
In a recent update to its famed Culture Deck, the streaming giant is asking employees to be more financially responsible. “Spend our members’ money wisely,” the memo said. Holocaust under section valuable behavior.
Netflix is going to spend $ 20 billion in 2022.
Netflix is keeping an eye on its spending after a huge drop in subscribers. In April, Netflix saw its first subscriber loss in more than a decade, causing shares to drop 25%. The platform claimed that password sharing was partly to blame, much to the dismay of users.
To make up for the loss, Netflix is reportedly looking into an ad-supported tier that could arrive at the end of the year.
In the meantime, members can welcome practicality. After all, Netflix hit its users with a price hike back in January. The move costs customers anywhere between $1 to $2 more, depending on the plan.
Another change in the memo directly affects the mission of employees and the company’s “dream team.” Managers will apply a “Keeper Test” to each member of their team.
“If a team member was leaving for a similar role at another company, would the manager try to keep them?” Deck asked. “People who don’t pass the keeper test (i.e. their manager won’t struggle to keep them) are given a generous severance package so we can find someone even better for that position – building a better dream team.”
Despite the changes in Netflix, it still remains the top streaming platform service.
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