![]() ![]() We would hire the very best employees and pay at the top of the market. Hastings and Patty McCord decided, "Our number one goal, moving forward, would be to do everything we could to retain the post-layoff talent density and all the great things that came with it.High performers especially thrive in environments where the overall talent density is high." We learned that a company with really dense talent is a company everyone wants to work for. ![]() He explains, "After the layoffs, with only the most talented eighty people, we had a smaller amount of talent overall, but the amount of talent per employee was greater. Although Hastings was devastated to have to lay off the bottom third of his performers, he was shocked to realize afterward that Netflix was doing as much or more work with fewer people. After the dot-com bubble burst, Netflix was forced to lay off a third of its employees. ![]()
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