While nearly all companies have their own work culture, the one followed by Netflix's  (NFLX) - Get Report 6,000 employees appears like something from the plot of the entertainment giant's own shows, according to a report by The Wall Street Journal.

Painting the image of a company that's transparent to a fault and that maintains a so-called "keeper test" to weed out employees who don't fit, the Journal story tells of policies to disclose among workers why their colleagues were canned.

"The emails about firings can reach hundreds of employees across multiple divisions and can be painfully specific, calling out an employee's flaws, while inviting more questions and gossip, many employees say," wrote the Journal in the story, "At Netflix, Radical Transparency and Blunt Firings Unsettle the Ranks." 

Nearly all employees are entrusted with "sensitive information," such as global subscription numbers, production deal terms and viewership statistics and director-level executives can see others' salaries, according to the report that relied on interviews with 70 current and former employees.

Netflix -- which is rapidly growing from a DVD-by-mail service to an entertainment powerhouse -- has a global paid membership of more than 130 million.

Shares were down around 6% on Friday as tech shares tumbled in in a rboad market selloff.