Reed Hastings says he learned why companies aren’t families after laying off one-third of Netflix: ‘You would never lay off two of your kids’
Elite companies can’t operate like families, according to Netflix’s Reed Hastings—a mindset that helped turn it into a $315 billion entertainment giant.
Elite companies can’t operate like families, according to Netflix’s Reed Hastings—a mindset that helped turn it into a $315 billion entertainment giant.
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Why it matters
This is a notable executive commentary on corporate culture following a large Netflix layoff, but it reflects routine business activity without direct impact on credit markets or financing conditions.
Sources
Fortune
Reed Hastings says he learned why companies aren’t families after laying off one-third of Netflix: ‘You would never lay off two of your kids’
Elite companies can’t operate like families, according to Netflix’s Reed Hastings—a mindset that helped turn it into a $315 billion entertainment giant.