Reed
Netflix cofounder Reed Hastings.
  • Netflix shells out for top talent but also demands excellence from its workforce.
  • Cofounder Reed Hastings discussed five aspects of Netflix's corporate culture on a recent podcast.
  • Netflix is a team not a family, gets rid of merely adequate performers, and hunts down references.

Netflix is known for paying top dollar to secure the best employees — and demanding a huge amount from its workers.