Nvidia’s employees are suddenly so rich and happy that the company’s got a ‘semi retirement’ problem, insiders say::undefined
Problem? Isn’t this the goal of any company - make a lot of money, primarily for the shareholders, but in this case employees are also the shareholders themselves. They are not a charity, they’re in this to make money.
One of the rare example of success in capitalism.
(and maybe a taste of what different systems could achieve if we didn’t separate ownership and employment)
Yeah, really awesome that 2 decades of market manipulation allowed them to be the monopoly on AI. Such good capitalism, when even the longest silicon producer, Intel, can’t even compete. I love my two party capitalism.
Capitalist solution: Pay better.
There’s only so many times you can break apart a company that essentially makes ‘one’ product lol.
The solution are the bent sheet metal cans that only take one manufacture, a few machines, and some steel to make. The way folded towels have been dispensed for >50 years. But everyone needs to make money on everything, so having a metal can that you pull one folded paper towel from isn’t enough control over the one person that wants to steal the whole thing.
When Panera doesn’t pay their employees enough, it’s hard to motivate people. When Nvidia pays their employees a lot, it’s hard to motivate people.
If we have to pick one, pick the one that allows you to hire basically anyone you want, and hire new people who are motivated.
Huh, maybe I should get back in touch with my colleague who was trying to get me to join him at nVidia.
Huang answered that working at Nvidia is like a “voluntary sport,” so every employee should act like the “CEO” of their own time. He acknowledged that some employees have been at Nvidia for a very long time, and jokingly called them out. These are judgment calls to be made by adults, he added. His broader message was each person should determine how hard they work, but do it responsibly, these people said.
So Nvidia is fine with this, it’s just whiny employees who didn’t get theirs talking to Business Insider.
Eh. Sounds like it could be very toxic, or just whiny worker bees, we can’t tell from the outside.
If the senior folk are basically tenured and produce very little while still holding the reins and preventing upwards movement of the high performers, that’s toxic. Basically a rug pull because they got theirs and limit the opportunities for the next generation.
It’s also entirely likely that they’re doing the work at a level that doesn’t include implementing the actual day to day, but the low level workers don’t see it, so make bad assumptions.
Who the fuck knows what the reality is.
Sometimes it’s really valuable to have a greybeard with no fear for their job who just stops everyone from making stupid decisions that they’re too in the weeds to appreciate. Hopefully they’re one of the funny ones, and not one who condescends everybody constantly.
Rest n vest is a problem at most of the major US tech companies.
You mean the companies with more money than most countries? Yeah I’m sure they’re really struggling to get enough work out of employees.
