Netflix has long prided itself on giving managers the ability to pay what they see fit to attract and retain top talent. Now, as it grapples with stalled growth, it’s reining in that freewheeling practice.
The streaming company is establishing a new hierarchy of internal seniority levels and associated pay as it is looking to better control costs, according to people with knowledge of the work. It is in the early stages of creating formal salary bands like those big entertainment companies widely use, starting with staff in technical roles and working its way through other positions over time, the people said.
