Technology

37742 readers

474 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

[email protected]

140

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

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

41 comments fedilink hide all child comments

"...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."

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 30 points 5 months ago (4 children)

[–] [email protected] 22 points 5 months ago

In Nvidia's case that's actually true for long tenured employees - assuming they cash out before the bubble bursts.

[–] [email protected] 6 points 5 months ago* (last edited 5 months ago)

I can't imagine most Nvidia employees don't make enough to become millionaires within like 5-10 years if they aren't already. Their entry-level software engineering positions have a base pay of $147K and total compensation of $180K. The lowest paying level of senior engineers gets more like $300K... Even the ones who leave before then are highly likely to get a job with comparable pay or benefits considering they have Nvidia on their resumé.

Now, tens-of-millions-aires, I don't think most employees get there.

[–] [email protected] 4 points 5 months ago

kagis

They probably aren't hurting.

Aside from any other forms of stock-based compensation or bonuses -- which they probably aren't gonna publish -- looks like they've got an employee stock purchase plan.

https://www.nvidia.com/en-us/benefits/money/espp/

Enroll in our current ESPP offering during the month you're hired or during an official enrollment period, which occurs in February or August. Elect to contribute from 1-15 percent of your salary through payroll deductions.

Your offering price for NVIDIA ESPP gets set the first trading day after the month you’ve enrolled, and it remains the look-back price for up to 24 months.

During these two years, there will be four purchase periods. Your contributions over each period will purchase our shares at a 15 percent discount.

The company's worth something like 200 times what it was in 2015.

https://www.levels.fyi/companies/nvidia/salaries/software-engineer

Software Engineer compensation in United States at Nvidia ranges from $178K per year for IC1 to $542K per year for IC6.

If someone's been maxing their ESPP out, just from that alone, they're probably doing pretty well. You convert 15% of your salary into stock, and that 15% of your income from 2015 alone is worth ten years of income down the road, over a million.

[–] [email protected] 4 points 5 months ago

Layoffs imminent