Économie et société

78% des salariés Nvidia sont millionnaires

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Nvidia: Where 78% of Employees Are Millionaires 💰 Nvidia’s stock has skyrocketed 3,776% since 2019, creating an unprecedented wave of wealth among its employees: ▪️ 78% are now millionaires. ▪️ 1 in 2 is worth over $25 million. But behind the massive payouts lies a relentless work culture: ▪️ Employees report 7-day workweeks and 2 a.m. shifts. ▪️ Intense meetings and micromanagement dominate their schedules. These “golden handcuffs” keep many from leaving, tied to lucrative stock grants that vest over four years. The challenge now? Motivating “semi-retired” employees, whose wealth has dampened engagement. CEO Jensen Huang’s response: "Act as CEOs of your time." Despite it all, Nvidia boasts a turnover rate of just 2.7% (vs. the industry average of 17.7%) and ranks No. 2 on Glassdoor’s “Best Places to Work” in 2024. Join 100,000+ founders and VCs who receive these insights in my weekly newsletter: https://lnkd.in/dtifw4mC
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✅ This post is true and comes from a Forbes article published in August 2024, reprinted since in multiple media outlets. Employees share their experience and recount working seven days a week, sometimes until 2 a.m. or later. The numerous daily meetings (7 to 10) often culminate in heated arguments. https://www.forbes.com/sites/jackkelly/2024/09/04/nvidia-employees-become-multi-millionaires-but-at-what-price/ The turnover rate is indeed 2.7%, which is very low in the semiconductor industry. NVIDIA is #2 of Glassdoor Great Places to Work 2024 ranking. https://www.glassdoor.com/Award/Best-Places-to-Work-LST_KQ0,19.htm The figure of 78% of the 29600 employees being millionaires comes from a survey conducted on Blind, which asked NVIDIA employees to indicate their net worth. https://www.teamblind.com/post/NVIDIA-employees-whats-your-net-worth-YncbWsSY?ref=teamblind.com NVIDIA's ESPP (Employée Stock Purchase Plan) is quite generous : https://www.nvidia.com/en-us/benefits/money/espp/ Which is probably easier for a fabless company. https://en.m.wikipedia.org/wiki/Nvidia The question is : will AI be one day able to design GPUs ? And a piece of advice: when you share information on social media, give your sources ! 🧐

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