A June poll of over 3,000 Nvidia employees revealed that 76-78% of employees are now millionaires, with approximately 50% having a net worth over $25 million. This extraordinary wealth stems from Nvidia's remarkable stock performance, which has surged by 3,776% since early 2019.
Key Details
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The survey was conducted among 3,000 employees out of Nvidia's total workforce of around 30,000
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Employees have benefited from the company's employee stock purchase program, which allows staff to buy shares at a 15% discount
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The stock price dramatically increased from $14 in October 2022 to nearly $107
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The company maintains a low turnover rate of 2.7% and ranked No. 2 on Glassdoor's "Best Places To Work" list in 2024.
So, how is Capitalism doing at oppressing the workers again?
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How many Nvidia employees are millionaires?
What program helped Nvidia employees get wealthy?
https://www.tomshardware.com/pc-components/gpus/wealthy-nvidia-employees-are-taking-it-easy-in-semi-retirement-mode-even-middle-managers-make-dollar1-million-a-year-or-more-report
so lots of nvidia employees got very wealthy recently. people are now semi-retiring. how would this impact the future of nvidia? would it still have the drive to be at the top long term?