Netflix’s Reed Hastings Says Companies Aren’t Families. ‘You Would Never Lay Off 2 of Your Kids’

The Netflix cofounder explains why he stopped calling the company a family after a brutal early layoff. Airbnb’s Brian Chesky and Shopify’s Tobi Lutke reached the same conclusion.

BY CHRIS MENCH, FREELANCE NEWS EDITOR

Reed Hastings. Photo: Getty Images

Reed Hastings learned one of his most important leadership lessons after laying off a third of Netflix’s staff back in 2001. The dotcom bust had gutted the then-DVD rental company, and there was no way around deep........

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