Pros

Netflix is populated by really smart people working on hard problems. The company is on innovation time all the time. It's a very open culture with no questions asked if you work from home or take days off. People love Netflix and that makes it cool to work here. The company is adding subscribers and growing financially, which you gotta love in this economy. Employees get a free eight-out plan and get $1,000 towards travel expenses to the Sundance or LA Film Festival. You structure your salary as you want, dedicating a percentage or none at all to stock options. You get all your salary up front so there's no bonuses or incentive payments during the year.

Cons

You don't get a lot of compliments on a job well done because everyone is supposed to work at A+ level. The salary review is not tied to the performance review. Performance review allows anyone in the company to evaluate anyone and many people do it anonymously, which can be vindictive. The stock rises and falls like a yo-yo. Everyone is supposed to work in cubes but some people have had offices built for themselves or taken over a conference room for an office. There is two distinctive cultures at Netflix. One's in Los Gatos and the other's in LA. The only time people come together is at quarterly directors meetings.

Advice to Senior Management

Keep up the quarterly meetings and company meetings but open up more at company meetings. More presenters instead of just Reed, the CFO and PR VP.