Netflix's freedom and values business culture?

I like that they are trying to promote autonomy and transparency/honesty but the problem I can see is that this is coupled with a massive emphasis on "high performance people" (and if you aren't "high performance" we will let you go). This is very prominent throughout their slides explaining their work culture. Look at slide 88 on their presentation about when "control" becomes important. They say that when someone is under-performing then control is important but add "temporarily, no doubt". The tone of "temporarily, no doubt" gives away a certain flippant, perhaps arrogant revelling in the ease with which they would let an under-performing person go. The cult of high performing individuals - "we have the best people" and so on - ignores the fact that performance is a complex outcome based on lots of factors determining what a person does at any given time.

Lots of questions here: who decides what constitutes high performance? If you recruit well, isn't failure to perform then a system/managerial problem not an individual "talent" problem? What sort of atmosphere is created by a strong "if we say you're not performing we let you go type policy? What even is "performance" - is it how you make the people in your team feel day to day or is it hitting targets, is it how much money the company makes, is it one big achievement or lots of little ones, doing things slowly but perfectly or quickly but less perfectly? Isn't such a strong emphasis on company values actually quite dystopian and weird?

I am not sure I would want to work there. Sounds like a recipe for bad vibes

the truth as ever, is almost certainly somewhere between.