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Nvidia is now worth $102M per employee (sherwood.news)

submitted 5 months ago by [email protected] to c/[email protected]

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"...For Nvidia, after this latest run-up took it north of the $3T milestone, the company is being valued at more than $100M for each of its 29,600 employees (per its filing that counted up to the end of Jan 2024).

That’s more than 5x any of its big tech peers, and hundreds of times higher than more labor-intensive companies like Walmart and Amazon. It is worth noting that Nvidia has very likely done some hiring since the end of January — I think the company might be in growth mode — but even if the HR department has been working non-stop, Nvidia will still be a major outlier on this simple measure.

We are running out of ways to describe Nvidia’s recent run... but a nine-figure valuation per employee is a new one."

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[–] [email protected] 4 points 5 months ago (3 children)

I’ll just leave this here.

https://www.businessinsider.com/nvidia-employees-rich-happy-problem-insiders-say-2023-12

[–] [email protected] 15 points 5 months ago (1 children)

That is the most... American thing I read in months. Workers complaining about half decent work conditions. As a European, being harder to get hired than to get fired was always a given to me, and I believe that's a good thing.

[–] [email protected] 6 points 5 months ago

That’s Business Insider being Business Insider, yeah.

I’m super confused by this verbiage. If it’s harder for a worker to get hired than fired, doesn’t that mean that it’s relatively easier to get fired? Which is nit how it should be right?

Based on the article context, shouldn’t the worker quoted in the article be saying “It’s very hard to get hired here, and getting fired is even fucking harder!”?

Anyway I agree that it should not be easy for a company to fire workers. I think that knowing this, companies should try to ensure they’re onboarding quality workers in the first place, which would probably involve a difficult hiring process.

My read on the article isn’t that workers are complaining about “half decent work conditions”, but that workers are complaining about completely checked out coworkers. If you’re a new, junior level worker and both your manager and your Intermediate and Senior level coworkers have completely checked out, you’re probably not getting the performance feedback, mentorship, or over the shoulder exposure to techniques and procedures that are invaluable at that stage in your career.

I’m definitely reading between the lines, but I’m seeing an article where less tenured employees are complaining about that culture shift, and BI is putting their “happy, well-compensated employees bad” corporate bootlicker spin on it.

[–] [email protected] 9 points 5 months ago* (last edited 5 months ago) (1 children)

Brilliant, thanks for this!

I said in a comment on mastodon that I don't think the batch of newer employees hired at Nvidia are going to have anywhere near the same compensation as the current employees do, and this kind of helps support my suspicions...

Which could lead to a morale problem in the company too (speaking from experience)

[–] [email protected] 2 points 5 months ago

I just responded to someone else in another comment chain, but I agree. As I said there, the more tenured employees checking out can really block anyone new from gaining the long-term institutional knowledge they need to be successful, which either leads to high new worker turnover or an implosion when the last of the long term “old breed” retire.

[–] [email protected] 3 points 5 months ago (1 children)

https://archive.is/YBMgY

[–] [email protected] 1 points 5 months ago

Thanks, I should have done that and forgot. I was typing up what I remembered from the article, then realized I’d prolly fuck up a significant portion of the relevant facts so I just deleted it all and searched for the article.

I have noticed that archive.is (and another tld I don’t remember right now, .ph?) links don’t want to load on my internal network that uses a pihole for dns and drops anything else dns related going out on the wan port of the router. Probably need to look in to that bc it’s getting annoying.