Netflix hiring activity at highest level ever

6 months ago by Joshua Fruhlinger in Trends

One of the most important indicators of a healthy company is its hiring activity. After all, when you're doing well, you hire more people to do even better.

Netflix ($NASDAQ:NFLX) recently announced during an earnings call that it can now claim 125 million paying subscribers to its streaming service worldwide. Just before before it hit that milestone, however, Netflix listed 500 job openings on its jobs website. This is the most people the entertainment company has been looking to hire ever.

This is the most people the entertainment company has been looking to hire ever.

On April 6, 2018, the company hit a peak of 508 openings. To give some context, in January of 2017, Netflix had 246 jobs open, less than half its current openings. In April, 2018, the company was hiring 301. That's an increase of 69% in hiring activity in just one year.

Netflix shows no signs of slowing down its growth, either. Michael Graham, managing director and senior equity analyst at Canaccord Genuity, thinks Netflix will add another 70 million subscribers to its current 125 million by end the of 2020.

"If you look at the penetration that Netflix has in all of the different ... countries that it's in, it's still really early in terms of penetrating those audiences," Graham said. "They're going to be able to continue to grow the subscriber base," he said on "Power Lunch" Tuesday.

"The most important thing is subscribers," Graham added.

While subscribers are certainly important for Netflix - scubscribers mean revenue - growth can't accelerate without a talented team producting and marketing content that attracts new subscribers and retains the 125 million they already have.

That's where new hires come in, and that's why these latest hiring numbers are a good sign for Netflix.

The jobs are located mostly at Netflix's Hollywood and Los Gatos headquarters, with additional heavy hiring in Europe and asia.

Location

Title (Count)

Los Angeles, California

175

Los Gatos, California

172

Amsterdam, Netherlands

55

Singapore, Singapore

34

Tokyo, Japan

25

Alphaville, Brazil

13

Mumbai, India

8

Seoul, South Korea

6

London, United Kingdom

5

New York, New York

4

Brussels, Belgium

1

A large number of the jobs are in content, which signals that Netflix has no plans to slow down the creation of in-house series. That's followed by marketing, public relations, and legal.

Category

Title (Count)

Content

73

Marketing

72

Public Relations

48

Legal

45

Financial Planning and Analysis

31

Content Engineering

27

Product Engineering

23

Science and Analytics

22

Data Engineering and Infrastructure

21

Cloud and Data Platform Engineering

20

Partner Ecosystem

18

Finance

15

Product Management

15

Human Resources

14

User Interface Engineering

11

Streaming Client

9

Cloud Platform Engineering

6

Customer Service

6

Facilities

6

Globalization

5

Employee Technology

4

Content Delivery

4

Business Development

2

Content Operations

1

Joshua Fruhlinger

Joshua has been writing about technology, lifestyle, and business for over 20 years. He's one of the original writers and editors for Engadget, and still writes a...

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