Monday, April 20th 2020
NVIDIA CEO Promises Raises, No Job Cuts in the Wake of COVID-19
In a letter addressed to employees, NVIDIA CEO Jen Hsun Huang promised that the COVID-19 crisis will not cause job-losses anywhere along the company's regular payroll. Instead, the company will expedite pay-raises, the CEO's letter reads. Jen Hsun stressed the importance for NVIDIA's 13,775-strong workforce to remain home and safe. The letter comes in the wake of industry-wide fears of job losses, which NVIDIA's workforce isn't immune from.
"Immediately I received questions about whether we are also planning a layoff. NO - precisely the opposite," he said. "We are accelerating your raise to put some extra money in your hands. We can put tens of millions of more dollars in the hands of our families in the coming months." Much of Jen Hsun's confidence despite a revenue hit stems from the rise in PC sales in the wake of COVID-19, as more organizations and individuals are picking up laptops or upgrading their home desktops, to prepare for an extended stint in their pyjamas. Then there's also the rise in gaming as a mass-entertainment.
Source:
CRN
"Immediately I received questions about whether we are also planning a layoff. NO - precisely the opposite," he said. "We are accelerating your raise to put some extra money in your hands. We can put tens of millions of more dollars in the hands of our families in the coming months." Much of Jen Hsun's confidence despite a revenue hit stems from the rise in PC sales in the wake of COVID-19, as more organizations and individuals are picking up laptops or upgrading their home desktops, to prepare for an extended stint in their pyjamas. Then there's also the rise in gaming as a mass-entertainment.
27 Comments on NVIDIA CEO Promises Raises, No Job Cuts in the Wake of COVID-19
What I see all around is that even big companies that could ride this without much problem are laying-off - and even firing - many of their employees. No loyalty, no 'let's go through this together', whatsoever. So, PR it may be (it is) but the end result is still good and should become an example to others.
FU NVIDIA!
Yeah sucks Nvidia look after their own.
Edit: I mean seriously, do you guys wake up in the morning and look for something to be grumpy over or does someone shit in your cereal?
Saying that they did the logical thing and that thanking them is pointless is not the same with criticizing the company. It's really sad that I have to explain this.