I can’t imagine most Nvidia enployees don’t make enough to become millionaires within like 3-5 years if they aren’t already. Their entry-level software engineering positions have a base pay of $178K.
Comment on Nvidia is now worth $102M per employee
JoMiran@lemmy.ml 8 months ago
sparkle@lemm.ee 8 months ago
tal@lemmy.today 8 months ago
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.
www.nvidia.com/en-us/benefits/money/espp/
Enroll in our current ESPP offering during the month you’re hired or during an official enrollment period, which occurs in February or August. Elect to contribute from 1-15 percent of your salary through payroll deductions.
Your offering price for NVIDIA ESPP gets set the first trading day after the month you’ve enrolled, and it remains the look-back price for up to 24 months.
During these two years, there will be four purchase periods. Your contributions over each period will purchase our shares at a 15 percent discount.
The company’s worth something like 200 times what it was in 2015.
www.levels.fyi/companies/…/software-engineer
Software Engineer compensation in United States at Nvidia ranges from $178K per year for IC1 to $542K per year for IC6.
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.
Blackout@kbin.run 8 months ago
Layoffs imminent
jmcs@discuss.tchncs.de 8 months ago
In Nvidia’s case that’s actually true for long tenured employees - assuming they cash out before the bubble bursts.