Netflix founder Reed Hastings demonstrates how he fires employees

If I were the person you needed to let go. Can you demonstrate for the audience how you'd fire me? Can I hire you instead? What job do you have? Oh, okay. I am the vice president of content strategy. Okay. I'll do a little bit shorter version for uh time, but um, Katie, uh, I can see that you're really working hard and trying to make a big difference here. Uh, if I'm really honest with you, if you uh quit to go somewhere else, I wouldn't try to change your mind. And the reason that that is is because of this type of thing, the people that you've been hiring, it give you, you know, maybe a minute of detail. So enough that you can feel like there's something there but not like a club beating up, call that a minute. Um, and I say, you know, this is really uh hard for you Kady understand that. Um, but my commitment to the, you know, the company is that if I wouldn't go to change your mind, um, then I have to give you a servitude package. And the servitude package is this, and you know, it's it's relatively generous. Uh, typically like nine months of compensation these days, so it's a lot. Wow. Um, and uh, you know, if you think about person X or Y, um, that are no longer, you know, at Netflix. We all have great relationships with them and it's kind of like a professional sports team where it really sucks to get cut from the team, but it's not an ethical judgment or a moral judgment or a judgment of you as a person.