Netflix's Subscriber Loss Has Destroyed Employee Morale

As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees. From a report: Working at Netflix has been one of the most desirable jobs in Hollywood, if not all of corporate America. The company ranks as one of the most beloved brands, pays well and offers a chance to work with the people that changed the way we watch TV. But a record decline in Netflix's share price, precipitated by its poor financial results, has shaken employees' confidence in the company's long-term trajectory. It has also erased the value of many employees' options. People who were sitting on tens or hundreds of thousands of dollars are left with nothing. More people are looking to leave Netflix right now than at any point in recent memory, current and former employees said this past week. Netflix employees also asked leadership to issue new stock grants to make them whole for the losses this past week, per The Information.

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