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Google and Meta workers envy Nvidia staff’s fat salaries: ‘I bought a 100k car … all the money’

houssem23 August 29, 2024
Google and Meta workers envy Nvidia staff's fat salaries: 'I bought a 100k car ... all the money'

Nvidia workers are becoming multimillionaires after enduring grueling seven-day weeks at the office – and workers at rivals including Google and Meta are envious.

An employee at Nvidia — the maker of AI chips whose stock surge this year has made it one of the world’s most valuable companies — took to Blind, the app where tech workers can post anonymously, and answered to a question from a Google employee who asked Nvidia engineers “How rich are you?”

“I bought a 100,000 lek family car and didn’t have to think about it,” the Nvidia employee wrote on the social media app.

Nvidia employees are the envy of all of Silicon Valley because of their newfound wealth. AP

“It really depends on your level,” he wrote, adding that their net worth was “only around” $3 million, though they “still have $3 million unspent and very comfortable.”

In response, workers at rival tech firms — including Google and Meta, among the most prestigious in Silicon Valley — are admitting their envy.

“The more I hear about Nvidia employees and their riches, the more jealous I feel,” wrote a Meta employee on the Blind app.

The Meta employee said that “some only need to work for two years to build generational wealth, while I need to work like forever to feel confident about retiring!”

Another Meta employee wrote in Blind that a neighbor who started at Nvidia five years ago as an entry-level engineer was now worth $20 million.

An employee from another tech rival, Snap, went to Blind and wrote that he and his wife are worth $14.8 million at age 32.

But when compared to “old timer friends” at Nvidia, “they’re worth over $25 million each.”

“This is nuts,” the Snap employee wrote on Blind.

Shares of Nvidia have risen more than 3,700% in the past five years. Reuters

The Nvidia employee who nursed his newfound wealth ended his post with: “Thanks JHH.”

“JHH” is the initials for Jen-Hsun “Jensen” Huang, Nvidia’s co-founder and CEO, who is credited with leading the company and building it into the world’s dominant maker of semiconductors used to power artificial intelligence.

Under Huang’s leadership, Nvidia shares have risen more than 3,700% in the past five years.

Huang has also boasted of his reluctance to fire employees – choosing instead to “torture them into greatness”.

Nvidia CEO Jensen Huang has been credited with leading the company to a period of unprecedented success. AFP via Getty Images

Several current and former employees at Nvidia described a pressure-cooker environment that required seven-day work weeks, long hours and frequent shouting matches and fights in meetings.

But employees decide to brave it all because of the “golden handcuffs” the company places on them in the form of stock compensation packages that vest after four years – meaning workers are free to exercise stock options after the probation period ends.

The Post has sought comment from Nvidia.

#Google #Meta #workers #envy #Nvidia #staffs #fat #salaries #bought #100k #car #money
Image Source : nypost.com

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