If you look up median, or average, net worth of Nvidia employees you will find that according to internal survey, at least 76% of employees are worth over 1 million dollars, with 50% being worth more than 25 million.
Shit, I mean they only have like 3 departments that actually need staff with their manufacturing pretty much entirely automated. Purchasing, sales, and r&d. Purchasing is likely a stressful job there and probably paid worse than the others. Sales is dwindling as they move more of their sales to long term b2b contracts. They probably have less people on that team than they used to, and those people are likely in charge of very large accounts. Then they have a very large very well paid r&d department.
All of this makes me wonder how many employees they even have. It can’t be that many when compared to more traditional manufacturing industries.
• Research & Development (R&D): Roughly 31,000 employees (about 74% of the workforce) work in R&D and engineering.
• Operations & Support: About 11,000 employees handle sales, marketing, operations, and administrative roles.
• Geography: Approximately 55% of Nvidia’s workforce is based in North America, with the remainder distributed across regions like South Asia and East Asia.
this data is from revelio labs, and seems to be acked up by Macrotrends and Yahoo Finance
It’s mostly because of stock awards as part of compensation packages.
If you get $50,000 in equity each year and the shares are worth $20 when you were awarded them, then they balloon to $160, you just earned $400,000 for each year you held on to them. These numbers are all made up and just for reference, but this is what some of these hardware company employees experienced.
I was gonna say, isnt high employee stock compensatition common for pump and dump companies?
The pump would be useless if youre theyre the only one holding onto stock, and actual money keeps its value after the pop so you can’t give that to employees.
At least two amazon workers are millionaires too, i assume they all are
If you look up median, or average, net worth of Nvidia employees you will find that according to internal survey, at least 76% of employees are worth over 1 million dollars, with 50% being worth more than 25 million.
they own like 3 GPU or something?
at least
Man, if I owned 3 GPU, everything would be different
preach
Shit, I mean they only have like 3 departments that actually need staff with their manufacturing pretty much entirely automated. Purchasing, sales, and r&d. Purchasing is likely a stressful job there and probably paid worse than the others. Sales is dwindling as they move more of their sales to long term b2b contracts. They probably have less people on that team than they used to, and those people are likely in charge of very large accounts. Then they have a very large very well paid r&d department.
All of this makes me wonder how many employees they even have. It can’t be that many when compared to more traditional manufacturing industries.
Workforce Breakdown
• Research & Development (R&D): Roughly 31,000 employees (about 74% of the workforce) work in R&D and engineering.
• Operations & Support: About 11,000 employees handle sales, marketing, operations, and administrative roles.
• Geography: Approximately 55% of Nvidia’s workforce is based in North America, with the remainder distributed across regions like South Asia and East Asia.
this data is from revelio labs, and seems to be acked up by Macrotrends and Yahoo Finance
It’s mostly because of stock awards as part of compensation packages.
If you get $50,000 in equity each year and the shares are worth $20 when you were awarded them, then they balloon to $160, you just earned $400,000 for each year you held on to them. These numbers are all made up and just for reference, but this is what some of these hardware company employees experienced.
I was gonna say, isnt high employee stock compensatition common for pump and dump companies?
The pump would be useless if youre theyre the only one holding onto stock, and actual money keeps its value after the pop so you can’t give that to employees.