Netflix announces 'unlimited' maternity and paternity leave

Employees at Netflix will now have unlimited time with their newborns during the child's first year after birth. According to a recent post on Netflix's blog, the company is offering "unlimited" maternity and paternity leave to its employees.

The post says Netflix employees "can return part-time, full-time, or return and then go back out as needed. We'll just keep paying them normally, eliminating the headache of switching to state or disability pay."

Netflix already has unlimited time off, so this change doesn't mark a substantial shift in policy as much as it shows a willingness of the company to be kid friendly. Netflix says it wants to compete for the best workers, and is acknowledging sometimes these workers are parents.

Perhaps the company just wanted to give a little something back to its employees, who helped it reach another all-time high on Tuesday. The stock rose more than 8% in trading, as high as $122.79 per share.