@@willmedrano98well Google doesn’t run like this because they rather have the capital to finance a lot of other new projects they have planned and advance their tech
You missed something critical here. When a company pays you in stock they have to dilute their shares. By not doing this Netflix can by pass the share dilution keeping its investors happy. It’s quite a smart system tbh
On the flip side, they are paying out in cash, which reduces the amount of cash available for dividends and buybacks. I imagine that the effect is somewhat of a wash compared to the other effects of the system.
This year has been an exception but in the past $1.3M stocks over 4 years would appreciate to to over $3M or $4M at the time of vesting. So in fact working at Google or FB would have been extremely helpful for employees because of the appreciation of stock value
The phrase "would have been" is the key here. We can always look at a restricted timespan in the past and see what would have been good or bad, but going into it, no one had any clue. You don't have to have a job at Google or FB to get their stocks, you can convert your salary anywhere into those shares; equivalently, we have to consider holding onto those shares as essentially equally risky as buying them out-of-pocket (plus or minus some tax differential). If you're the kind of person who _would_ invest in those companies, then that's awesome for you, but a more risk-averse person would be better served with cash that can be invested more carefully.
Not many employers could afford this, but many big corporations could afford a hell of a lot more but instead it usually just goes straight to the executive class instead of the employees
Keep in mind those employees that get $1 million dollar are closer to executive people then the average Netflix employee,those are people that have worked in Netflix for over 10 to 20+ years and have high management positions or director position .
@@mtbr1995 stock packages are paid after a certain time, mostly in years. So it's still safer. Hire and Fire laws are still an issue, but not solved by purely financial benefits of companies.
Netflix is deeply in debt so I think some of this video is at odds with reality. It's not that they can "afford" to pay these salaries, it's that they choose to.
What netflix spend on enginers is a small fraction of what they spend on their content(original or licences). Not to mention they operate on such a high scale that they effectivly need them.
Keep in mind that those that are making over $1 million dollar are not the average Netflix employees,but directors, people that have been working at Netflix for over 15 years and have crazy amount of skills and experience,so it is normal that they get pay this type of money as they are probably important people in the company.
@MikeProductions1000 yes absolutely some people think those people that make over $1 millions are the average engineer but those people that are making that much is because they have crazy skills and crazy amount of experience that they could simple go for other top companies and making the same or similar amount of money ,so they are valuable people for the companies ,probably working for important position in there.
I rather get paid cash and have the option to buy stock at a discount than get a stock bonus. That $50k sotck bonus could easily drop in value, and the stock bonus is tied to an agreement where you have to stay for x amount of years to cash out the bonus. With the cash bonus you can use the money when you need it how you need it.
8:40 this is not exactly a cons. You can't make the assumption that the stock-compensated guy will benefit from a bull market but the cash guy will not invest his money in this same period. At the end of the day, I'd take cash over stock any time of the day as with cash I have the *options* to do whatever I want with the cash including buying the stock. Options is king.
One point I wanted to emphasize with regards to your claim that employees who receive stock grants pay less in taxes than employees who receive all cash - I'm not sure if that's actually accurate, unless you have a specific idea in mind. The main points are: 1) RSUs are taxed when they VEST, not upon stock GRANT. 2) RSUs are taxed as normal income upon vesting, and any capital gains/losses are based on upon the vesting price when you sell the stock at a later date. For example: Assuming that when I join a new company, I get RSUs worth $400,000, vested over 4 years, which translates to $100,000 in RSUs per year. In year 1, when the RSUs vest, I'll pay taxes as if I made $100,000 extra in income, assuming the stock price hasn't changed. Now, in year 2, if the stock price doubles, then I'll have to pay taxes as if I made $200,000 extra in income. Source: I'm a big tech engineer with a significant portion of my compensation as RSUs, and I've had to learn the ins-and-outs of taxation on it for years now.
That’s true, but there’s more ways to leverage stock compensation for tax write offs than pure cash. For example, you can borrow against your stock compensation, you can tax loss harvest, and you can leverage capital gains if you hold.
I was about to comment the same thing. One thing this video glosses over is that Netflix employees have access to an ESPP (employee stock purchase program). Those usually are setup so that you can buy shares at their low point in a trading window at a percentage off and you purchase biannually or quarterly using money set aside from your gross paycheck. Like all stock comp, it can get complicated, but I think ESPPs are more friendly towards a buy and hold strategy (and thus a better capital gains/lower tax strategy) because you're always buying at a discount. Then you can hold for a year+ for capital gains (or losses, but you bought in at a discount, usually 5-15% off the lowest price, so you've got a little built in hedge against losses). Overall, Netflix's comp strategy is like the best of both worlds I think.
I suppose this mean Netflix is not that bad compared to other companies, But a choice between money or stocks is a good one. Third option could be half money, half stocks through.
Also note that at the beginning of the video we are comparing Netflix L5 against a Google L8. L5 is a senior dev. L8 is senior staff dev. Very few people make it to L8 at Google.
Interesting payment approach. I'm all for it. But then i'm not in the tier of emplyees to which this applies. I'm getting straght cash payouts and what is paid in social enefits by my employer is regulated by law. The principal thought that a employee can decide how he/she wants to be compensated will always have my vote. And for the one or two bozoos that are not sensible enough to understand the downside of spending all they have....well inform them on the pros and cons and let them stew if they still decide the same.
It's also a lot better for the employees, the Netflix people are having to pay income tax on all their pay while the Google engineers pay the much lower capital gains tax.
I didn’t think Netflix profits were that high. It wasn’t long ago when you were doing videos about how few people wanted to pay the subscription fees anymore, for a variety of reasons. I also thought you only pay taxes on stock when you sell it.
I would rather take cashg over stock. stocks are variable you have little to no control over even if you work at the company. cash salaries are constant and its a non-changing variable. this assures me no matter what I will get the money I was promised. As long as the employer adjustes to the market its hard to say no to that
cash, that is. I'd hate to have the rest of my >million dollar salary invested in stocks in some of the most profitable companies in the world and get paid dividends each year. google pls contact me
@@levihalperin7649 that's a misunderstanding of our market. It's more like that they can't grow as fast and fell back on the expectations; doesn't mean they don't make any negative nor that they make negatives.
@@VipNebulousPlayer if they can't stay profitable and need venture capital to keep making ends meet, then growth stopping means venture capital dries up and they struggle to even make payroll. No?
@@levihalperin7649 that's not for operational costs, it's to scale up their growth and bring more money in with more gaming focus, and new ongoing shows (I.e. having even more series produced in the simulcast). Making these time of deals for a public company in this scale is usually to scale up growth and not to cover their operations costs. Netflix may run their company with slower grow like this without any issues, they wouldn't just grow as the market wants, meaning, they stock falling even further. Similarly what happened to the Telekom AG (mother company of T Mobile) or Vodafone. I work in the entertainment industry as a FYI.
I’d choose Team over Family everytime. Family is a scapegoat for taking advantage of an employee, where being paid for you work within the company guidelines should be enough in a company. Using the family word seems like an overkill 😂
No sense having the majority of your stock in the company you work in. It sounds noble on paper but it opens you up to risk if anything should happen to that company or that industry in general.
@@LogicallyAnswered no but really, this firm is in a different market. I'm genuinely confused why they want to be a part of FAANG, it's online movie subscription - there's much less tech in it than any other FAANG company
I guess I finally found the reason why they don't have free cash flow and they are not a profitable company and they will never will be. I'm going to go short Netflix stock now
No it isn’t. The reason for the recent layoffs was due to big tech companies over-hiring during the pandemic, due to the massive spikes in performance. For some reason, these companies thought the performance increase (revenues, stocks, etc.) would continue so they hired and hired. But we saw quickly that this growth was temporary. So these companies were left with way more employees than pre-pandemic with financial performance that didn’t match. So they laid off the excess amount of people they employed. Even if salaries were lower, they still would have been layoffs because the employee growth vs financial growth didn’t match. That was the real reason.
Genuine advice :- you should include Indian brand names or people name in thumbnail+ video and you could get higher views By the way love from india brother
@@elizabethremond6508 Haha you don't have to be surprised Mrs Lauren is really good and everyone loves genuine services,she helped me recover what I lost trying to trade on my own.
IT Salaries in Netflix don't make sense to me because Hotstar an Indian streaming platform created in partnership with Accenture a few years before Disney+ was created at half of the 1 year IT budget at Netflix. It runs as well as Netflix, and people sign up for Netflix mainly because of the Content. Even though algorithmic suggestions, Unserintrface helps, it is not their business model like google search. The same cannot be said for Microsoft, Apple, Google, etc. Netflix has to fire 80% of Its IT employees and ask Accenture/ TCS to maintain it. So, they can increase their topline and create great content for everyone. (I am also a software engineer)
Stock>cash. Cash is more taxable. Stock will earn more if the company is a good one. No stock compensation rewards successful employees and punishes unsuccessful ones. It rewards good employees. I'd like that if I was a good employee.
Why do you want to be paid in cash?! It will tax as income. I would rather to be paid as stock so it does not pay tax until I sell it. I believe Musk only gets $1 salary and billion dollars of stocks. It is illogical “long term” decision to choose to be paid in cash.
I know but being paid in stock is like being a millionaire on paper that’s all people will refer to you as why do you think Musk bought Twitter he got pissed off he wanted to show people he has money so he doesn’t get referred as the “billionaire on paper” when you are something on paper it’s as if it doesn’t exist you know what I mean ?
but the con is stock can go down, maybe you can get a loan to get cash but its too but is risky if you are in a bear market, for me the best option is 50 cash and 50 stock
@PO When your RSUs are vested you pay ordinary income tax on the value of the vested shares, and you pay capital gains on the difference between the vest price and the sell price if/when you chose to sell them (if its higher). So technically both options are taxed as "income"
Can somebody explain to me why exactly netflix needs highly paid software engineers ? To me it looks like a website where somebody uploads movies and series and customers click to watch them.
Video streaming at scale is an incredibly complex thing to do well and has be done with zero or near zero downtime, it's the same reason UA-cam/Google has highly paid engineers. And just to pick on another aspect of Netflix, the recommendation system is also very advanced with large machine learning models to recommend suitable content based on your previous viewing data and demographic information. That's just touching on a couple things, there's lots more such as the media ingestion workflows, data engineering to allow those machine learning models to train with suitable data, frontend engineers to ensure things look and feel good on lots of device types, backend engineers who ensure all of the systems and APIs perform at scale, list goes on, and all of these activities are very common for other video streaming sites like UA-cam, Disney+, Prime Video etc. 🙂
The difference in effort to create and operate between a website to upload video , and Netflix .. is literally such difference a between a mom-and-pop store and Walmart.
You really need to learn how much these Tech companies invest to deliver you a Lively Experience all in real time. It takes Years on Engineering & Research in multiple Software Domains to Achieve this.
@@AlfredScuds yeah, but investors are assuming company growth in the next years when buying stocks at some price. When the forecast of revenue growth does not match the expectations, the stock price is reevaluated accordingly
Netflix is trash now wdym lol the update ruined it for people with slower devices and not only that people with slower data/wifi the update was a mistake for Netflix that's all I have to say:)
If this shit is actually real, they are really overpaying for talent. Although some of those listed as "developers" probably have a full-time job that includes knee pads and a continuous supply of Listerine.
I think that another problem of full cash compensation is that the company needs liquidity to pull it off.
Yep
It's just also how companies choose to operate. Google has enough liquidity to run like this and they don't.
@@willmedrano98well Google doesn’t run like this because they rather have the capital to finance a lot of other new projects they have planned and advance their tech
ruthless
Netflix has amazing liquidity due to their income structure. Monthly millions, consistently
Netflix only lets the best employees work for them, but the salaries are still insane.
Good. big salary only for those who deserves it
@@vijaz5559 9 years of experience and $900k salary. Your skills need to be god-tier to reach that level of expertise.
I watched a netflix employee say that at google it was harder skill wise to get senior position.
@@velvetypotato711 Google is also an IT haven, one of the best places to work in IT.
@@MartinWasTaken and also one of the most exhausting Place too work in.
on average a google Employee resigns in 1.1 year.
Companies referring to employees as "family" is manipulative nonsense.
You get a show!! They get a show!! Everyone gets a show here at Netflix!!
Hahaha
And everyone gets a Gremlin too (K&P)
You missed something critical here. When a company pays you in stock they have to dilute their shares. By not doing this Netflix can by pass the share dilution keeping its investors happy. It’s quite a smart system tbh
I’m pretty sure that was mentioned hahaha :)
On the flip side, they are paying out in cash, which reduces the amount of cash available for dividends and buybacks. I imagine that the effect is somewhat of a wash compared to the other effects of the system.
Turn on subtitles while watching. it was one of the things he mentioned when talking about the pros of paying in cash, "cash is king" chapter IIRC.
He said this
Bruh, you didnt watch the video before correcting him smh
Brother, glad to see you again! Hope you’re having a great week!!
Thank you Daniel! You too!
I told Netflix customer service that they are a cash grab and only behind my money (jokingly) and they sent me the investor relationship page
Hahaha
This year has been an exception but in the past $1.3M stocks over 4 years would appreciate to to over $3M or $4M at the time of vesting. So in fact working at Google or FB would have been extremely helpful for employees because of the appreciation of stock value
Yeah, that’s one of the cons of cash comp
The phrase "would have been" is the key here. We can always look at a restricted timespan in the past and see what would have been good or bad, but going into it, no one had any clue. You don't have to have a job at Google or FB to get their stocks, you can convert your salary anywhere into those shares; equivalently, we have to consider holding onto those shares as essentially equally risky as buying them out-of-pocket (plus or minus some tax differential). If you're the kind of person who _would_ invest in those companies, then that's awesome for you, but a more risk-averse person would be better served with cash that can be invested more carefully.
Such a great video. Thank you 🙏🏾!
Thanks for the video. I really appreciate your effort and the service you're providing by making these awesome information videos. Keep it up...
Thank you Shashank!
Not many employers could afford this, but many big corporations could afford a hell of a lot more but instead it usually just goes straight to the executive class instead of the employees
you say like that is a shocker
Keep in mind those employees that get $1 million dollar are closer to executive people then the average Netflix employee,those are people that have worked in Netflix for over 10 to 20+ years and have high management positions or director position .
Sounds good, choice to the worker.
If you want a safe, secure and high salary you know where to work.
Yes sir
It’s not safe, they are quick to fire
@@mtbr1995 stock packages are paid after a certain time, mostly in years. So it's still safer.
Hire and Fire laws are still an issue, but not solved by purely financial benefits of companies.
@@mtbr1995 only firing dumb activist is good choice imo
@@mtbr1995 Netflix has pretty generous severance package, so it's not exactly unsafe either.
Netflix is deeply in debt so I think some of this video is at odds with reality. It's not that they can "afford" to pay these salaries, it's that they choose to.
What netflix spend on enginers is a small fraction of what they spend on their content(original or licences).
Not to mention they operate on such a high scale that they effectivly need them.
Keep in mind that those that are making over $1 million dollar are not the average Netflix employees,but directors, people that have been working at Netflix for over 15 years and have crazy amount of skills and experience,so it is normal that they get pay this type of money as they are probably important people in the company.
@MikeProductions1000 yes absolutely some people think those people that make over $1 millions are the average engineer but those people that are making that much is because they have crazy skills and crazy amount of experience that they could simple go for other top companies and making the same or similar amount of money ,so they are valuable people for the companies ,probably working for important position in there.
Hmm so they are going with seniority approach, interesting. Looks more like a shopping catalogue than a salary and position list 😂
I rather get paid cash and have the option to buy stock at a discount than get a stock bonus. That $50k sotck bonus could easily drop in value, and the stock bonus is tied to an agreement where you have to stay for x amount of years to cash out the bonus. With the cash bonus you can use the money when you need it how you need it.
I can already visualize every worker at Disney quitting their jobs and signing up for Netflix.😂
Hahaha
Nice to know why no Netflix show is ever renewed.
Hahaha
Just want to compliment you on your thumbnail game the past few videos. Very nice 👍
Thank you Tom!
I get guaranteed RSU value at vest time but if I utilize it, I do not get refreshers.
And this is why Netflix is failing, not exploiting their workers😂
8:40 this is not exactly a cons. You can't make the assumption that the stock-compensated guy will benefit from a bull market but the cash guy will not invest his money in this same period.
At the end of the day, I'd take cash over stock any time of the day as with cash I have the *options* to do whatever I want with the cash including buying the stock. Options is king.
i'm a boss of 7 employees. 12 if counted the freelancers. i never said we are family. i never needed to. they knowing it. they feelin it.
One point I wanted to emphasize with regards to your claim that employees who receive stock grants pay less in taxes than employees who receive all cash - I'm not sure if that's actually accurate, unless you have a specific idea in mind. The main points are:
1) RSUs are taxed when they VEST, not upon stock GRANT.
2) RSUs are taxed as normal income upon vesting, and any capital gains/losses are based on upon the vesting price when you sell the stock at a later date.
For example:
Assuming that when I join a new company, I get RSUs worth $400,000, vested over 4 years, which translates to $100,000 in RSUs per year. In year 1, when the RSUs vest, I'll pay taxes as if I made $100,000 extra in income, assuming the stock price hasn't changed. Now, in year 2, if the stock price doubles, then I'll have to pay taxes as if I made $200,000 extra in income.
Source: I'm a big tech engineer with a significant portion of my compensation as RSUs, and I've had to learn the ins-and-outs of taxation on it for years now.
That’s true, but there’s more ways to leverage stock compensation for tax write offs than pure cash. For example, you can borrow against your stock compensation, you can tax loss harvest, and you can leverage capital gains if you hold.
I was about to comment the same thing. One thing this video glosses over is that Netflix employees have access to an ESPP (employee stock purchase program). Those usually are setup so that you can buy shares at their low point in a trading window at a percentage off and you purchase biannually or quarterly using money set aside from your gross paycheck. Like all stock comp, it can get complicated, but I think ESPPs are more friendly towards a buy and hold strategy (and thus a better capital gains/lower tax strategy) because you're always buying at a discount. Then you can hold for a year+ for capital gains (or losses, but you bought in at a discount, usually 5-15% off the lowest price, so you've got a little built in hedge against losses). Overall, Netflix's comp strategy is like the best of both worlds I think.
I suppose this mean Netflix is not that bad compared to other companies, But a choice between money or stocks is a good one. Third option could be half money, half stocks through.
Quality video as usual!
This video was way more interesting than I thought it was going to be.
Glad to hear that Andrew!
What is the website that he uses to see what top software engineers earn?
If I were to get hired today, I'd probably take all cash. Any other time, when market conditions are favorable, I'd probably take about 15% in stock.
Stock would be especially good right now. Youre getting more stocks for the same work
@@WitchMedusa exactly,.this dude has no clue how the market works.
Buy high, sell low. Good job, you're trading with emotions.
@@WitchMedusa you’re a legit NPC. Why take stock compensation from a singular company. Better take all cash and go invest it in more diverse options.
Also note that at the beginning of the video we are comparing Netflix L5 against a Google L8. L5 is a senior dev. L8 is senior staff dev. Very few people make it to L8 at Google.
Interesting payment approach.
I'm all for it. But then i'm not in the tier of emplyees to which this applies. I'm getting straght cash payouts and what is paid in social enefits by my employer is regulated by law.
The principal thought that a employee can decide how he/she wants to be compensated will always have my vote. And for the one or two bozoos that are not sensible enough to understand the downside of spending all they have....well inform them on the pros and cons and let them stew if they still decide the same.
Stock compensation for employees is a tool to restrict investors from Gaining majority stake in a company by diffusing the ownership of the company
@hata8608 thank you for working for big cheesecake, we will now avoid you with a stake in the big cheesecake
It's also a lot better for the employees, the Netflix people are having to pay income tax on all their pay while the Google engineers pay the much lower capital gains tax.
I didn’t think Netflix profits were that high. It wasn’t long ago when you were doing videos about how few people wanted to pay the subscription fees anymore, for a variety of reasons. I also thought you only pay taxes on stock when you sell it.
the thing is these services works so poorly with competition, no one wants to subscribe to all prime and disney + and netflix.
Hmm I wonder if Netflix is looking for electrical engineers...
How often companies change their CEO ??
Next video idea
Thanks for the suggestion Satyajit
I would rather take cashg over stock. stocks are variable you have little to no control over even if you work at the company. cash salaries are constant and its a non-changing variable. this assures me no matter what I will get the money I was promised. As long as the employer adjustes to the market its hard to say no to that
Netflix had better spend some of the cash in making better movies and stop cancelling after one season
That explains their falling stock prices.
Its nice to have those options. Well done netflix CEO
I'd hate to earn only 350k dollars a year. Almost embarrassing.
cash, that is. I'd hate to have the rest of my >million dollar salary invested in stocks in some of the most profitable companies in the world and get paid dividends each year.
google pls contact me
😂
This makes me want to work for netflix, at least till they go bankrupt
Fortunately for you, that’s not anytime soon
@@LogicallyAnswered weren't they just doing badly and scrambling to survive?
@@levihalperin7649 that's a misunderstanding of our market. It's more like that they can't grow as fast and fell back on the expectations; doesn't mean they don't make any negative nor that they make negatives.
@@VipNebulousPlayer if they can't stay profitable and need venture capital to keep making ends meet, then growth stopping means venture capital dries up and they struggle to even make payroll. No?
@@levihalperin7649 that's not for operational costs, it's to scale up their growth and bring more money in with more gaming focus, and new ongoing shows (I.e. having even more series produced in the simulcast). Making these time of deals for a public company in this scale is usually to scale up growth and not to cover their operations costs.
Netflix may run their company with slower grow like this without any issues, they wouldn't just grow as the market wants, meaning, they stock falling even further. Similarly what happened to the Telekom AG (mother company of T Mobile) or Vodafone.
I work in the entertainment industry as a FYI.
I’d choose Team over Family everytime. Family is a scapegoat for taking advantage of an employee, where being paid for you work within the company guidelines should be enough in a company. Using the family word seems like an overkill 😂
They should pay more for good shows.
No sense having the majority of your stock in the company you work in.
It sounds noble on paper but it opens you up to risk if anything should happen to that company or that industry in general.
All cash deals require double the salary to make any economic sense. Even then it's questionable.
Great video
Bro watched full video in a minute
ironic after they dropped like 9% yesterday
cash only compensations only make sense at very high wages
Is this why they freaking cancel everything???
Why would I want to convert untaxed benefits to taxable income?
Yeah, thats the point of having more than half of the salary in stocks. One benefit is tax reduction. Idk why its not mentioned in the video
Netflix has been throwing shit at a wall for almost 2 decades and its no wonder their stock is diving. This video is no surprise
They're afraid of falling back competition and becoming irrelevant and so overhiring/overpaying.
they should really raise expectations for the witchers writing team !
Hahaha
Why would Netflix do that? Disney pays its engineers pennies compared to that
Hahaha
@@LogicallyAnswered no but really, this firm is in a different market. I'm genuinely confused why they want to be a part of FAANG, it's online movie subscription - there's much less tech in it than any other FAANG company
not like i could ever get hired by Netflix anyway
Netflix is probably one of the only companies where, as an employee, you would be fired for using the product at work. 😂
Fleshlight tester at a fleshlight company
They haven’t heard of HFTs
Nobody wants to make a career in that, wlb matters
Nice Netflix hand to a pile of cash for salary Cash cash Cash
Do Netflix employees watch Netflix premium for free because I was thinking
Salary plus Netflix all day everyday
Hahaha, that’s probably a fast track way to lose your job
Hope that cheap elon can learn in this
Makes me feel great about my $40k
😂
Cash, cash, cash
Unlimited PTO= 0 PTO
damn now I wanna work there ☺
Good luck!
Netflix can afford it ? They are shitting the bed and are going downhill. I wonder why...
Let's see if Netflix even survives for another decade
I think they will :)
How does Little finger become the CEO of Netflix now? 😆
I'm on my wife's insurance, so I asked my new employer for the same thing and they gave it to me. Good policy. Stop tricking talent.
Jane Street and citidel both pay more
Didn't Bro make a video saying Netflix was collapsing a few weeks back
The stock is hahaha
I guess I finally found the reason why they don't have free cash flow and they are not a profitable company and they will never will be. I'm going to go short Netflix stock now
no wonder why there's nothing to watch in Netflix
Quant finance firms pay more
Wow 1.5 million per year? some people dont make that much in their lifetime lol.
For real hahaha
This is the reason why we start seeing mass layoffs in tech
No it isn’t. The reason for the recent layoffs was due to big tech companies over-hiring during the pandemic, due to the massive spikes in performance. For some reason, these companies thought the performance increase (revenues, stocks, etc.) would continue so they hired and hired. But we saw quickly that this growth was temporary. So these companies were left with way more employees than pre-pandemic with financial performance that didn’t match. So they laid off the excess amount of people they employed. Even if salaries were lower, they still would have been layoffs because the employee growth vs financial growth didn’t match. That was the real reason.
And this is how Netflix is a company losing money.
Hahaha
Intersting
Can Netflix still afford this?
Genuine advice :- you should include Indian brand names or people name in thumbnail+ video and you could get higher views
By the way love from india brother
Indians dont like watching these types of videos, if they clicked it, they'll get bored and eventually click off and hurt his watchtime
I think Netflix Is Putting Tech Salaries To Shame Because Of Their Salaries And Health Insurance
|
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
This must be an investment with Mrs Lauren James
@@mikeandrew7591 I'm just shocked you mentioned Expert Lauren James thought am the only one trading with her
@@elizabethremond6508 Haha you don't have to be surprised Mrs Lauren is really good and everyone loves genuine services,she helped me recover what I lost trying to trade on my own.
Money heist
IT Salaries in Netflix don't make sense to me because Hotstar an Indian streaming platform created in partnership with Accenture a few years before Disney+ was created at half of the 1 year IT budget at Netflix. It runs as well as Netflix, and people sign up for Netflix mainly because of the Content. Even though algorithmic suggestions, Unserintrface helps, it is not their business model like google search. The same cannot be said for Microsoft, Apple, Google, etc. Netflix has to fire 80% of Its IT employees and ask Accenture/ TCS to maintain it. So, they can increase their topline and create great content for everyone. (I am also a software engineer)
They like to waste money :D
Stock>cash. Cash is more taxable. Stock will earn more if the company is a good one. No stock compensation rewards successful employees and punishes unsuccessful ones. It rewards good employees. I'd like that if I was a good employee.
wtf I like netflix now
Hahaha
Why do you want to be paid in cash?! It will tax as income. I would rather to be paid as stock so it does not pay tax until I sell it.
I believe Musk only gets $1 salary and billion dollars of stocks.
It is illogical “long term” decision to choose to be paid in cash.
Yeah. That’s definitely a con
I know but being paid in stock is like being a millionaire on paper that’s all people will refer to you as why do you think Musk bought Twitter he got pissed off he wanted to show people he has money so he doesn’t get referred as the “billionaire on paper” when you are something on paper it’s as if it doesn’t exist you know what I mean ?
but the con is stock can go down, maybe you can get a loan to get cash but its too but is risky if you are in a bear market, for me the best option is 50 cash and 50 stock
@PO When your RSUs are vested you pay ordinary income tax on the value of the vested shares, and you pay capital gains on the difference between the vest price and the sell price if/when you chose to sell them (if its higher). So technically both options are taxed as "income"
Can somebody explain to me why exactly netflix needs highly paid software engineers ? To me it looks like a website where somebody uploads movies and series and customers click to watch them.
ua-cam.com/video/CZ3wIuvmHeM/v-deo.html
Video streaming at scale is an incredibly complex thing to do well and has be done with zero or near zero downtime, it's the same reason UA-cam/Google has highly paid engineers. And just to pick on another aspect of Netflix, the recommendation system is also very advanced with large machine learning models to recommend suitable content based on your previous viewing data and demographic information. That's just touching on a couple things, there's lots more such as the media ingestion workflows, data engineering to allow those machine learning models to train with suitable data, frontend engineers to ensure things look and feel good on lots of device types, backend engineers who ensure all of the systems and APIs perform at scale, list goes on, and all of these activities are very common for other video streaming sites like UA-cam, Disney+, Prime Video etc. 🙂
The difference in effort to create and operate between a website to upload video , and Netflix .. is literally such difference a between a mom-and-pop store and Walmart.
Wow thanks
You really need to learn how much these Tech companies invest to deliver you a Lively Experience all in real time. It takes Years on Engineering & Research in multiple Software Domains to Achieve this.
No wonder they are going broke
There are some bozzos who will blow all the cash... 😅
There always is hahaha
Is this one of the reasons why Netflix stock is failing?
Nah, that has more to do with subscriber growth stagnation and macro economic fears
@@LogicallyAnswered but, Netflix revenue remain constant.
@@AlfredScuds yeah, but investors are assuming company growth in the next years when buying stocks at some price. When the forecast of revenue growth does not match the expectations, the stock price is reevaluated accordingly
Netflix is trash now wdym lol the update ruined it for people with slower devices and not only that people with slower data/wifi the update was a mistake for Netflix that's all I have to say:)
did you really use a clip from free guy to display "Software engineers"
Maybe hahaha
First
Stock compensation is literally owning the company, so socialists should think twice. Stock options ain't always good.
Firs
Thanks for being early Ramsey!
Secon reply
Slave tactic...
First My Neegah!
Too slow
If this shit is actually real, they are really overpaying for talent. Although some of those listed as "developers" probably have a full-time job that includes knee pads and a continuous supply of Listerine.
Netflix is a hire and fire. meaningless.
Netflix is trash and always has been, I have a 150 TB movie server with way better selection ill keep using with all my friends for free :)