Question: Read the article below and answer the questions that follow: Netflix CEO Reed Hastings says employees will return to offices when majority are vaccinated The

Read the article below and answer the questions that follow: Netflix CEO Reed Hastings says employees will return to offices when majority are vaccinated The Netflix CEO says working remotely is a pure negative Netflix CEO Reed Hastings says he doesnt expect his companys employees to return to the office until the majority are vaccinated a shifting deadline that will probably see staff working from home into 2021 given current time frames for vaccine development. Netflix is one of many Silicon Valley firms currently trying to balance a desire to keep its employees safe while maintaining the sort of in-person interactions that can define a companys culture. In an interview with The Wall Street Journal, Hastings made it clear he thought working from home was detrimental to his business, and that hed be pushing for a return to the office as soon as possible. Heres what he told the WSJ: WSJ: Have you seen benefits from people working at home? Mr. Hastings: No. I dont see any positives. Not being able to get together in person, particularly internationally, is a pure negative. Ive been super impressed at peoples sacrifices. WSJ: Its been anticipated that many companies will shift to a work-from-home approach for many employees even after the Covid-19 crisis. What do you think? Mr. Hastings: If I had to guess, the five-day workweek will become four days in the office while one day is virtual from home. Id bet thats where a lot of companies end up. WSJ: Do you have a date in mind for when your workforce returns to the office? Mr. Hastings: Twelve hours after a vaccine is approved. WSJ: I like that. Mr. Hastings: Its probably six months after a vaccine. Once we can get a majority of people vaccinated, then its probably back in the office. Although Hastings sounds more anti-remote-work than some other Silicon Valley execs, the time frame he suggests for a return to the office doesnt differ too much from other firms. Page 2 of 4 Facebook has said it will let employees work remotely until July 2021 and has cancelled physical events through June that year. Amazon and Microsoft have both said they dont plan a return to the office until at least January next year, while Google has said it plans to keep employees working from home until at least July 2021. In all these cases, though, its expected there will be a degree of flexibility. The danger posed by the pandemic will continue to ebb and flow in different locations, and workers around the world are expected to change their time frames if required. In Netflixs case, it seems that Hastings is keen to end remote work as soon as possible. Thats no surprise considering his focus on corporate culture, which the Netflix CEO is currently promoting in his book on the subject, No Rules Rules: Netflix and the Culture of Reinvention. As per a write-up from Variety, the book describes a range of corporate habits peculiar to Netflix, some of which sound undeniably cutthroat. These include radical transparency and feedback loops, lack of official time-off or vacation policies, and the famous Keeper Test in which managers are encouraged to fire employees who arent stars. Source: The Verge, 2020 QUESTION ONE [20] As per a write-up from Variety, the book describes a range of corporate habits peculiar to Netflix, some of which sound undeniably cutthroat. These include radical transparency and feedback loops, lack of official time-off or vacation policies, and the famous Keeper Test in which managers are encouraged to fire employees who arent stars. Evaluate the statement above and assess the impact of such a culture on the organisational performance of Netflix.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!