Meet man, an Indian who wanted to become cricketer, now earns Rs 5 crore daily, is married to...
Meet man, who spent over 50 years in jail for murder he never committed, is now set to be...
Earth's 'mini-moon' to be visible from..., here's how you can watch it
PM Modi launches 3 Param Rudra supercomputers: Know features, how these will help India
Salman Khan flaunts his Sikandar biceps, gives glimpse into his fitness regime in viral pic
Virat Kohli needs only 35 runs to break star India cricketer Sachin Tendulkar's world record of...
Mukesh Ambani's Reliance Jio to get tough competition from BSNL as government...
Pakistani actor Darpan, whose brother Santosh was a superstar, reigned the romantic age
Indian mountaineers name peak in Arunachal Pradesh after 6th Dalai Lama, China responds
Anil Ambani rises again, Reliance Group companies becoming debt free, his net worth is...
Meet IAS officer, who can't speak or listen, still aced UPSC in his first attempt with AIR...
Meet man, who leads Rs 7781 crore company, close relative of Mukesh Ambani, has net worth of...
When Nita Ambani shared who she’d date if not her husband, Mukesh Ambani’s response was...
Kanpur weather forecast, India vs Bangladesh 2nd Test: Will rain play spoilsport on Day 1?
Zelenskyy meets Joe Biden, Kamala Harris, discusses Ukraine's 'victory plan'
Meet man, son of closest advisor of Mukesh Ambani’s father, who works in Reliance as…
Grandmaster Gukesh Dommaraju gets Mercedes Benz E-Class as gift, it costs Rs…
Flipkart Big Billion Days: Apple iPhone 15 is available for just Rs....; check how to grab new offer
DNA TV Show: As gold prices hit all-time high, should we invest in yellow metal or shares?
'Why pick up BCCI, settle with them only': SC asks Byju's on Rs 15000 crore debt
NASA’s rover discovers unusual 'Zebra-stripped' rock on...
Mpox outbreak: Centre issues advisory to prevent spread of virus, says, 'minimize risk of...'
Ratan Tata's company inks Rs 91000 crore pact with Taiwan firm to build India's first...
Mukesh Ambani's Reliance teams up with Swedish company, will now sell...
After reducing debt, Anil Ambani's Reliance Infra to now take major decision on...
Good news for these workers, ahead of festive season, Centre increases...
Mukesh Ambani's children, Isha, Akash Ambani shine in Hurun India's list of...
Virat Kohli doesn't want Rishabh Pant in RCB? DC captain lambasts rumors ahead of IPL 2025 auction
IND vs BAN, 2nd Test Dream11 prediction: Fantasy cricket tips for India vs Bangladesh match
Want to time travel? Here's how Google can help you revisit Earth 80 years ago
Bilkis Bano case: SC rejects Gujarat govt's plea seeking review of verdict over certain observations
Mohan Babu robbed of Rs 10 lakh cash from his Hyderabad home, police arrests domestic help
High-Precision Stamping: Key Steps To Ensure Quality And Accuracy
Expert Skincare Tips For A Festive Glow: Dr Shivani Mane’s Guide To Radiant Skin
The Evolving Job Market and Career Choices
Meet Bollywood actress who rejected Shah Rukh Khan’s Kuch Kuch Hota Hai, had her own TV series
Good news for Delhi-NCR! Namo Bharat Metro to pass from 22 stations to reach...
Bihar: 46 people, including 37 children, drown during Jivitputrika festival
Scientists find Earth-like planet in distant solar system, nearly 2 times size of...
Karnataka withdraws general consent to CBI to probe cases in state amid MUDA case row
Sarfira OTT release: When, where to watch Akshay Kumar's remake of Soorarai Pottru
Navya Naveli Nanda breaks her silence on handling social media trolls after joining IIM Ahmedabad
Punjab Kings part ways with Trevor Bayliss, Sanjay Bangar ahead of IPL 2025
Clarifying speculation surrounding Raveena Tandon's involvement in Jatadhara
Ahead of Reliance Disney merger, Mukesh Ambani makes new move, Nita Ambani, son Akash are now...
DS Creations News joins as media partner for Maesha Soi's debut film directed by Dinesh Soi
Meet 12th class student who became DM for 2 hours, know what she did after taking over
The Confluence of Innovation, Data, and Technology: Perceptions from Stakeholders
This mysterious 500 diamond necklace with Indian connection will be auctioned in...
Shakib Al Hasan announces T20I retirement, says Kanpur Test against India will be his last if...
This stock of Ratan Tata has seen huge growth, price has jumped more than 4% in just one day
Watch: Bihar man performs risky push-ups on moving bike to film reel, police reacts to viral video
Paracetamol, Antacid, Pan D among 53 drugs to fail regulator's quality test
'I just could not believe...': Indian chess star Vantika Agarwal on meeting with PM Modi
'Why should I resign?', asks Karnataka CM Siddaramaiah amid protests by BJP leaders
SHOCKING! Viral video shows man doing risky stunt on moving bike, here's what happened next
Work-life balance: This country has set global standard with 24.7-hour work-week
After UP, Congress-ruled Himachal Pradesh makes it mandatory for…
'Certificate can be issued to Kangana Ranaut's Emergency if...': CBFC to Bombay HC
Mumbai court sentences Sanjay Raut to 15 days imprisonment in defamation case
BUSINESS
The company’s shares have risen 3,776% since 2019, making most of the employees of the company millionaires. However, ex-employees have said that working there is like being in a “pressure cooker”
TRENDING NOW
Graphics chipmaker Nvidia, headquartered in California, has emerged as one of the fastest-growing enterprises in the technology sector. It is currently led by billionaire co-founder and CEO Jensen Huang, who also overtook Mukesh Ambani in Forbes' real-time billionaire list.
Nvidia not only controls the AI chip market but has also produced a new generation of millionaires from its employees. However, this financial success comes at a significant cost -- a stressful and tiring workplace that does not allow the employee to have a good time even if he or she has been promoted and earns more money.
Ex-employees have said that working at Nvidia is like being in a 'pressure cooker'. An ex-technical support worker, who was employed by the firm to serve the enterprise clients, said that he was required to work seven days a week and up to 1 am or 2 am without any rest. Such a tight schedule is not untypical; most workers, especially those in engineering companies, work under the same pressure. The work culture is competitive, pressurized and fast-paced because of which employees are experiencing burnout and physical and emotional fatigue.
Disruptions are common at Nvidia, and meetings can turn into shouting matches and even fights. A former marketing executive, who worked at the company until 2022, said she had 7-10 meetings a day with more than 30 participants, during which people screamed and shouted.
However, the employees endure such a toxic environment because of the attractive stock options and grants, which are commonly referred to as ‘golden handcuffs'. Consequently, employees cannot quit their jobs easily even when they are subjected to a gruelling work culture.
Nvidia’s turnover rate is much lower than that of the industry average for semiconductors. In the financial year 2024, Nvidia’s turnover was at 2.7% while the industry average for this parameter is a staggering 17.7%.
The above low turnover rate is however attributed to the stock grants offered to employees, which are exercised over four years. Such financial incentives help the employees remain loyal to the company despite the harsh working environment that they are subjected to.
Nvidia offers its employees good financial incentives. Nvidia’s shares have risen 3,776% since 2019, making most of the employees of the company millionaires. It is common to hear employees discussing their recent acquisition of a Mercedes-Benz or a beach house, and there are many Porches, Corvettes, Lamborghinis and other fancy cars in the company parking lot.
However, the personal cost is high, employees spend most of their time working to earn money, thus they do not even enjoy the fruits of their new-found wealth.
Nvidia’s success story is a double-edged sword. Despite the fact that the company has established almost a monopoly in sales of AI chips and has made its employees incredibly wealthy, it has done so at a cost of extremely high pressure and hard-working conditions. As of now, the turnover rate is relatively low, and this may mean that many of Nvidia’s employees are willing to work under pressure for the sake of the potential financial rewards.