Netflix executives
Netflix executives with co-CEO Greg Peters in the center.
  • Netflix added a new line about its "keeper test" in an updated version of its culture memo.
  • The test is when a manager asks themselves if they would fight to keep an employee. If the answer is no, they're fired.
  • Netflix's culture deck is famous in the corporate world for its directness in stating company values.

Netflix overhauled its famous culture memo — and that means a new line added about its "keeper test" used by managers to determine if they should fire an employee.