Slate News Slate Money: Why Netflix is Reducing Parental Leave
Dec 14, 2024
Delve into the controversial trend of debanking affecting crypto companies and beyond, exploring conspiracy theories and regulatory challenges. Learn how Netflix's cutback on parental leave signals a shift in corporate culture amidst workforce changes. Discover Spotify's newfound profitability and its influence on the music landscape. Plus, a surprising look at the nostalgia-driven success of Hot Wheels and a critique of philanthropic efforts by prominent figures.
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Debanking Conspiracy
- Crypto companies facing debanking often blame a conspiracy involving Elizabeth Warren.
- However, regulators aim to limit bank exposure to crypto due to its correlation with illegal activities.
Debanking Economics
- Banks often "debank" customers when KYC and AML compliance becomes too costly.
- It's easier to remove a customer than investigate every potential issue, especially smaller accounts.
Netflix Culture Shift
- Netflix, once known for unlimited vacation and generous parental leave, is scaling back.
- Managers now discourage taking full 12-month leaves, a shift from their "freedom and responsibility" culture.