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 ($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 |
