"…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."
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.
Layoffs imminent
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.