Netflix on Monday released the latest update to its culture memo, its guiding set of principles for how the company operates.
The new iteration of the influential document does not really reflect any fundamental changes to the company’s core principles. The new title is “Netflix Culture — The Best Work of Our Lives,” whereas most recently it was titled “Netflix Culture — Seeking Excellence.”
One of the most noticeable changes: Netflix has replaced the “Freedom and Responsibility” heading and now incorporates those principles under a section called “People Over Process.” However, the principle that Netflix still lets employees act on their own initiative without a lot of red tape is still embodied in the doc. The new iteration puts an “emphasis on responsibility, and the focus on good and bad process versus no process at all,” chief talent officer Sergio Ezama wrote in a blog post about the new version of the culture memo.
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