Netflix urges employees to ‘spend our members’ money wisely’ in new cultural memo

Netflix is ​​taking care of the wallets of its subscribers.

In a recent update to its well-known culture platform, the streaming giant tells employees to be more fiscally responsible. “Spend our members’ money wisely,” said the memo in the Judgment low section Valued behaviors.

Netflix is ​​scheduled to spend $20 billion in 2022.

Netflix is ​​watching its spending after a big drop in subscribers. In April, Netflix saw its first subscriber loss in more than a decade, sending shares down 25%. The platform claimed that sharing passwords was partly to blame, much to the dismay of users.

To recoup the loss, Netflix is ​​reportedly looking at an ad-supported tier that could come by the end of the year.

In the meantime, members may appreciate the convenience. After all, Netflix hit its users with a price hike in January. The move cost clients an additional $1 to $2, depending on the plan.

Another change in the memorandum directly affects employees and the company’s mission of a “dream team.” Managers will enact a “goalie test” for each member of their team.

“If a team member left for a similar position at another company, would the manager try to keep him/her?” the deck asked. “Those who don’t pass the goalkeeper test (meaning their manager wouldn’t fight to keep them) receive a generous severance package so we can find someone even better for that role, creating an even better dream team.”

Despite changes to Netflix, it remains the leading streaming platform service.

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