My general statement isn't based solely on my experience with applying to Netflix.

I know a number of employees spread across the technical and entertainment sides of the company. They are all overworked, but they're all okay with it because the get paid $$$ for it (and knew that going into it).

only third hand reports on my end, but every account has said that Netflix works you to the bone. But back then they had stack ranking, so I'm not sure if that changed.

This still seems orthogonal to the fact that a law was passed requiring them to publish salary bands and they gave the finger to it by publishing a range of $0 to $infinity. Maybe everyone has the title "software engineer" but come on, you are still putting new hires into a pay band based on experience and interview results etc. You've complied with the letter of the law and it should have been written better assuming bad actors. But this childish "gotcha", anti worker behavior is a bad look.

I've never worked at Netflix so accept or disregard my takes as you wish. I do know several people personally who used to work there and left voluntarily because they found it to be a poor work environment on diversity grounds.

That's exactly how Netflix operates. Everyone is a "senior" engineer.