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Nvidia is now worth $102M per employee (sherwood.news)

submitted 4 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 15 points 4 months ago (1 children)

That is the most... American thing I read in months. Workers complaining about half decent work conditions. As a European, being harder to get hired than to get fired was always a given to me, and I believe that's a good thing.

[–] [email protected] 6 points 4 months ago

That’s Business Insider being Business Insider, yeah.

I’m super confused by this verbiage. If it’s harder for a worker to get hired than fired, doesn’t that mean that it’s relatively easier to get fired? Which is nit how it should be right?

Based on the article context, shouldn’t the worker quoted in the article be saying “It’s very hard to get hired here, and getting fired is even fucking harder!”?

Anyway I agree that it should not be easy for a company to fire workers. I think that knowing this, companies should try to ensure they’re onboarding quality workers in the first place, which would probably involve a difficult hiring process.

My read on the article isn’t that workers are complaining about “half decent work conditions”, but that workers are complaining about completely checked out coworkers. If you’re a new, junior level worker and both your manager and your Intermediate and Senior level coworkers have completely checked out, you’re probably not getting the performance feedback, mentorship, or over the shoulder exposure to techniques and procedures that are invaluable at that stage in your career.

I’m definitely reading between the lines, but I’m seeing an article where less tenured employees are complaining about that culture shift, and BI is putting their “happy, well-compensated employees bad” corporate bootlicker spin on it.