![]() “We didn’t have any obviously poor performers. The Human Resources team, comprising of Marc and Patty McCord, Head of HR, sat down and looked at the individual contribution of each employee. We had to lay off a third of our workforce,” Hastings says. “Morale in the office was low, and it was about to get lower. Netflix, which was running a not-so-profitable business at the time, was facing a dearth of funds. At the beginning of the Internet bubble burst, in the 2000s, it had close to 120 employees and over 400,000 subscribers, but it also saw all of venture capital funding drying up. Hastings says in his book, “a great workplace is stunning colleagues.” And Netflix learned it the hard way. Here’s what you can take away from Netflix’s no rules rule culture: Who will you fight to keep in your team? ![]()
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