Millionaire Nvidia Employees Still Working Until 2 AM: Report | Entrepreneur

🌈 Abstract

The article discusses the work culture and expectations at Nvidia, the $3 trillion AI chipmaker. It highlights the company's rapid growth, the financial benefits for its employees, and the intense work environment that has led to a "pressure cooker" culture.

🙋 Q&A

[01] Nvidia's Work Culture and Expectations

1. What are the key aspects of Nvidia's work culture and expectations for its employees?

• Long working hours, with employees often working until 1 am or 2 am, including on weekends
• Frequent meetings, with some employees having at least 7 meetings per day
• Employees who work less than the norm being called out in company-wide meetings
• CEO Jensen Huang asking employees to become the "CEO of their time"
• A "pressure cooker" environment with yelling and fighting during meetings

2. How does Nvidia's stock grant system impact employee retention?

• Nvidia's stock grants vest over 4 years, incentivizing employees to stay with the company to maximize their benefits
• This has contributed to Nvidia's low employee turnover rate of 2.7%, compared to the industry average of 17.7%

3. How does Nvidia's organizational structure impact its work culture?

• Nvidia is a "flat" organization with minimal hierarchy, which could make it an appealing choice for some employees
• CEO Jensen Huang has 60 direct reports, indicating a decentralized management structure

[02] Nvidia's Financial Success and Employee Wealth

1. How have Nvidia's employees benefited financially from the company's growth?

• A June poll showed that 76% of Nvidia's employees (out of around 30,000) were millionaires, and one in three had a net worth of more than $20 million
• Nvidia's stock has jumped over 1,000% since October 2022, further increasing the wealth of its employees

2. How does Nvidia's work culture and expectations compare to the financial benefits its employees have gained?

• Despite the financial success, Nvidia's work culture and expectations for its employees remain intense, with a "pressure cooker" environment
• Employees are expected to work long hours and be highly productive, even as the company's growth has made many of them millionaires.