As Netflix co-founder pulls back, can CEOs preserve the 'Netflix Way?'


Reed Hastings founder and Co-C.E.O. of Netflix arrives at the DealBook Summit in New York City U.S. November 30 2022. REUTERSDavid Dee Delgado

Reed Hastings, founder and Co-C.E.O. of Netflix, arrives at the DealBook Summit in New York City, U.S., November 30, 2022. REUTERS/David 'Dee' Delgado

(Reuters) - In his book "No Rules Rules", Netflix co-founder Reed Hastings described a moment in 2001 when venture capital had dried up, forcing the company to lay off staff and retain only the highest performers. Hastings was surprised to find both morale and performance improved.

"This was my road to Damascus experience, a turning point in my understanding of the role of talent density in organizations," Hastings wrote. "The lessons we learned became the foundation of much that has led to Netflix's success."

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In