Skip to main content

Nvidia appears to have a major problem with wealthy middle managers who do barely any work - and new starters aren't happy

Nvidia CEO Jensen Huang reportedly addressed worker complacency in a recent all-hands meeting following complaints that some employees are simply coasting along while enjoying bumper paycheques.

According to insight shared with Business Insider by people in attendance, Huang acknowledged the growing issue of some long-tenured Nvidia employees not pulling their weight, a concern raised by colleagues who appear to have noted that some middle managers have entered a “semi-retirement” stage whereby they’re not putting in the work that’s worthy of their high salary.

Several reasons for this complacency were cited, indicating that the inherently poor work ethic relates to workers resting and vesting.

Nvidia managers cruising through to retirement

According to the report, the company’s CEO has been reluctant to fire workers, with the last large-scale round of redundancies taking place in 2008 at the time of the economic crash. During the 2022-2023 layoff season, Intel reportedly cut hundreds of jobs, while Nvidia kept all its workers onboard, offering reduced salaries and higher stock awards instead.

The problem is that Nvidia’s stock is up by around 1,400% over the past five years, and around 240% this year to date, thanks to a huge surge in orders of chips powering new AI tools.

Nvidia has arguably benefited more from artificial intelligence than rival chipmakers like AMD and Intel, and long-standing workers see this as an opportunity to stockpile shares and watch them grow, leaving them with little motivation to put in the work.

The company is also slated for having a pretty hands-off management style, making it difficult for execs to identify and address problems like complacency.

Huang has asked that workers take ownership of their work by viewing themselves as their own CEO. Nvidia declined to comment.

More from TechRadar Pro



Comments

Post a Comment

Popular posts from this blog

TechRadar's Year in Review: AI revolution, smartphone evolution, and visions of the future

If I had to sum up 2023 in one word it would be AI. Okay, technically that’s two initials, but let’s not quibble – because there’s no doubt that it provided the year in tech with its main story arc. Artificial intelligence was everywhere this year, as every company in the world gawped at the massive impact of ChatGPT, and decided they wanted to jump aboard that bandwagon. You could barely move for new chatbots, new image generators, and new AI-enhanced features in every device released in 2023. And there’s no sign of that changing in 2024; in fact, we expect it to be an even bigger deal. Elsewhere, phones and laptops did much the same as they had the previous year – well, except where they had new AI-enhanced features – so it was in the virtual reality space where bigger changes were afoot. If the Meta Quest 3 was impressive then the Apple Vision Pro looks to be genuinely game-changing, and we can’t wait to see what impact it has in the next 12 months. Of course we also saw plenty ...
Post a Comment
Read more

Microsoft and Sony enter "binding agreement" to keep Call of Duty on PlayStation

Microsoft has announced that it has reached a "binding agreement" with Sony, pledging to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard.  With Microsoft having won its anti-trust case with the US Federal Trade Commission , its planned acquisition of Call of Duty developers Activision Blizzard has taken a big step closer to becoming a reality. In order to alleviate the concerns of monopoly-building that got Microsoft in legal hot water to begin with, the head of Xbox, Phil Spencer, announced yesterday via Tweet that it has entered into an "agreement to keep Call of Duty on PlayStation."  This agreement will no doubt come as a relief to fans concerned that Microsoft's acquisition plans might result in Call of Duty becoming an Xbox exclusive, following in the footsteps of future Bethesda releases. Since Microsoft's acquisition of Bethesda caused the studio to break its tradition of offering titles cross-platform for upcomi...
Post a Comment
Read more

This Stardew Valley-like farming sim plays at the bottom of your screen so you work and play at the same time

Stardew Valley and Animal Crossing are among some of the best choices out there if you're looking for a game to get swept up in for hours at a time. But, if you're a fan of management sims and a multitasker as well, this upcoming farming sim will likely pique your interest.  Developed by Mister Morris Games, Rusty's Retirement is an idle-farming simulation game that runs at the bottom of your gaming monitor, allowing you to focus on other tasks like working while you tend to your crops. Set to release in Q1 2024 on Steam , the idle sim puts you in the shoes of a wholesome robot as you grow crops and use them to produce clean and energy-efficient biofuel. Having gathered this "vital robot power source," you'll then need to sell your harvest to the other machine inhabitants of your settlement. This, in turn, will let you reinvest the money into expanding your farm. If you're a terrible procrastinator (like me) this might not sound like your cup of tea...
Post a Comment
Read more