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Is hard work irrelevant?

In a recent NPR Planet Money podcast, they ask the question – “Is hard work irrelevant”? I have stolen the title directly from them.

They take the example of Netflix as a company that evolved into the culture of only focusing on the results. It did not matter how hard someone worked at their job at Netflix. If your role was no longer needed because the business had changed, Netflix was keen to let you go. The irony is that the key person in Netflix that engineered this culture had to be let go, as she did not possess the skills in dealing with Hollywood Studios and the change of focus to streaming. We are not going to focus on the “being let go” aspect of one’s job in this post.