this post was submitted on 08 Jun 2024
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In Nvidia's case that's actually true for long tenured employees - assuming they cash out before the bubble bursts.
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.
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/
The company's worth something like 200 times what it was in 2015.
https://www.levels.fyi/companies/nvidia/salaries/software-engineer
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.
Layoffs imminent