Pros
The perks are a temporary fix. The leadership in many of the verticals walk the talk of the memo. I believe the intention of the memo is admirable however, it needs to be refreshed to ensure it still applies to what Netflix has evolved into.
Cons
Poor culture. The c-suite has no idea how poorly teams are being treated. People are encouraged to speak out (Candor) but then are retaliated against and ultimately don't pass the "keeper test" for reasons that leave Netflix exposed to litigation. Hence, the "generous" severance. Very subjective w/no accountability. Netflix does not provide opportunities for professional development to all employees. Only a select few get approval. The D&I initiatives are watered down. That team is focused on its individual, personal endeavors and private businesses instead of Netflix.