Unsubscribe from Spending: Netflix Tells Employees to 'Spend Our Members' Money Wisely'A new memo posted to the company's website has many raising their brows.

ByEmily Rella

ROBYN BECK | Getty Images

If you've been trying tounsubscribefrom more bad news surrounding streaming giantNetflix, it looks like you'll have to wait after anew memoposted to the company's website appears to encourage employees tospend lessmoney.

The document, which is posted publicly under the website's career section, outlinesexpectations for employeesand sets the precedent for the work culture that Netflix hopes to cultivate.

This is not uncommon for companies to outline, especially in the tech world.

But it's the section labeled "Judgment" under "Valued Behaviors" that has many scratching their heads in confusion.

There are five bulleted behaviors under the section, the fourth one stating "you spend our members' money wisely."

Related:What's Going on With Netflix? Everything You Need to Know About the Company's Massive Fall

“我们最有价值的东西是有才华的工作people in highly creative and productive ways. That's why our core philosophy is people over process, and why we try to bring great people together as a dream team," thememo states. "Of course, any growing business requires some process and structure. But with our people-first approach, we can be more flexible, creative and successful in everything we do."

Netflix did not publicly comment or clarify on the new addendum to its culture memo.

The company has been on a downward spiral in recent weeks, most recently being slammed with aclass-action lawsuiton behalf of shareholders that claimed the company made "false and/or misleading" statements about its business, prospects and financial results before they invested.

This followed Netflix's Q1 2022earnings reportwhich sent the company plummeting an estimated $50 billion in valuation after losing 200,000 subscribers in that quarter, its biggest drop in more than a decade.

Related:Netflix Loses Subscribers For First Time In A Decade

This, coupled with acrackdown on password sharingand anincrease in subscription prices, has led many to believe it's the beginning of the end for the company.

Netflixwas downjust shy of 62% year over year as of Friday afternoon.

Wavy Line
Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Editor's Pick

Related Topics

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Business News

'Soul Crushing': Internet Sleuths Notice Something Is Very Off With This Condo Listing

From the grey carpets to the fluorescent lights, it's obvious that this home was not always a home.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

Too many entrepreneurs are counting too heavily on a company exit for their eventual 'win.' Do this instead.

Green Entrepreneur

Phoenix Has Hit 110 Degrees for a Month, But This One Invention Is Cooling Things Down a Tad

For the Arizona city amid a record-breaking heat wave, cool surfaces bring a modicum of relief.