this post was submitted on 08 Jun 2024
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Technology

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Nvidia is now worth $102M per employee (sherwood.news)
submitted 5 months ago by sigmaklimgrindset@sopuli.xyz to c/technology@beehaw.org
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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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[–] 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.