Nvidia employees become millionaires thanks to stock grants¡ª& they're working 7 days a week until 2 am without complaints
Nvidia employees are working relentless hours, often 7 days a week and staying up until 2 a.m., yet they're not leaving. The reason? Nvidia¡¯s skyrocketing stock grants have made many long-time employees millionaires, keeping them loyal despite the tough work environment.
Nvidia CEO Jensen Huang is no stranger to headlines, often known for his intense work ethic. But this time, it's the Nvidia employees who are spilling the beans. Turns out, they are working 7 days a week and sometimes staying up until 2 am¡ªyet no one's rushing for the exit. Why aren't they clamouring to resign? Well, it's all about the money, baby!
What does a work day at Nvidia look like?
Based in Santa Clara, California, NVIDIA leads in AI hardware and software, with its semiconductors powering groundbreaking technology.
Life at NVIDIA is nothing short of a grind.
According to a former marketing employee who spilled the tea to Bloomberg News, her days were packed with up to 10 meetings¡ªeach crammed with over 30 people.
Credit: Freepik | Representational image
And things can get intense. Bloomberg also reported that 10 current and former employees described the workplace as a pressure cooker, where meetings often turn into heated shouting matches.
But Nvidia boasts a relatively low worker attrition rate. The reason is their pay check, which has a USP.
Why Nvidia employees stick around despite the grind
Nvidia's employees receive stock grants that usually vest over four years. It is this stock compensation which is a big reason employees push through Nvidia's tough workload.
Since 2019, the company's stock has shot up an incredible 3,776%, making many long-time employees, someone who's worked for even 5 years, millionaires.
As Bloomberg reports, the parking lot is filled with luxury cars like Porsches, Corvettes, and Lamborghinis.
One former engineer said that many employees who have been with the company for over 10 years could retire, but they stay for the next big payout when their stock vests.
Credit: Freepik
Let's be honest, many of us would trade some work-life balance for a shot at that kind of money!
According to Bloomberg, while 5.3% of employees left last year, the turnover rate fell to just 2.7% after the company reached a $1 trillion market cap.
In comparison, the semiconductor industry average turnover is 17.7%, showing that Nvidia's rewards are keeping people around.
One former engineer said that many employees who've been with the company for over 10 years could retire, but they stay for the next big payout when their stock vests.
Hey Indian companies, are you listening? Maybe it's time to borrow a page from Nvidia's book and throw in some more stock options for us!
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Srishti B Dutta brings you everything from rags-to-riches tales and inspiring student success stories to those "No way, this can't be real!" moments. Whether it's intriguing, heartwarming, or just plain quirky, she's got it covered.
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