"Are You a CEO, Director, or Founder interested in a Feature Interview?"
All Interviews are 100% FREE of Charge
What is it like working at Nvidia? $3 trillion An AI chip maker with over 30 years of history and a storied corporate culture?
Longtime CEO Jensen Huang He said in an interview this year He has said that he rarely cuts jobs, preferring instead to “make people great by making them suffer.” In fact, it seems he wasn’t joking.
As the brains behind the AI ​​chips behind ChatGPT and other popular AI, Nvidia and its employees are reaping financial benefits from the AI ​​boom. June poll Of the more than 3,000 NVIDIA employees, Approximately 30,000According to the report, the company’s growth has made 76% of its employees billionaires, with one in three having a net worth of more than $20 million. Since October 2022, Nvidia’s stock price has Increased by over 1,000%.
but, Bloomberg reported on Monday Nvidia’s rapid growth may have created billionaires, but the company’s work culture and expectations of employees remain the same — it remains a “high-pressure environment,” he made clear.
Related: Nvidia and the Magnificent Seven offer ‘enormous rewards’, but strategists say there are risks
Ten current and former Nvidia employees who spoke to Bloomberg detailed long work hours, yelling and arguments in meetings and fighting for the attention of a boss with 100 or more direct reports.
A former corporate tech support employee claimed he worked until 1 or 2 a.m. every day, including weekends, and that his engineering colleagues worked even longer hours. Other employees claimed they had at least seven meetings a day.
Employees who worked fewer hours than the standard were berated in company-wide meetings. In December, Hwang faced complaints from staff about a “semi-retired” colleague. He responded by asking all employees to be the CEO of their time.
NVIDIA founder and CEO Jensen Huang. Photo: Michael M. Santiago/Getty Images
Still, Nvidia hasn’t had any trouble retaining employees, despite reports of a stressful work environment. The company’s sustainability report The overall turnover rate for FY24 is detailed to be 2.7% compared to the industry average of 17.7%.
Nvidia’s low turnover can be attributed to the fact that the company offers employees stock grants that vest over four years, so employees gradually gain ownership in the stock. Therefore, it is in employees’ best interest to stay with the company to maximize profits.
Nvidia is known for having a flat organization with minimal hierarchy, making it a potentially attractive option. 60 direct reports.
Related: According to insiders, Nvidia CEO Jensen Huang turned down a merger offer early on in the company’s history, and here’s why:
"Elevate Your Brand with an Exclusive Feature Interview!"