this post was submitted on 08 Jun 2024
140 points (100.0% liked)

Technology

37734 readers
546 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
alyaza@beehaw.org
TheRtRevKaiser@beehaw.org
gyrfalcon@beehaw.org
rs5th@beehaw.org
Los@beehaw.org
coldredlight@beehaw.org
SemioticStandard@beehaw.org
TheRtRevKaiser@kbin.social
remington@beehaw.org
140
Nvidia is now worth $102M per employee (sherwood.news)
submitted 5 months ago by sigmaklimgrindset@sopuli.xyz to c/technology@beehaw.org
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
[–] sigmaklimgrindset@sopuli.xyz 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)

[–] borari@lemmy.dbzer0.com 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.