Nvidia just handed out stock grants to compensate for the drop in stock price to folks that joined within the last year or so! has anybody heard of anything like this? to me this seems like a big moment in labor practices; something that can go down in history. addendum: Thanks for all the collective knowledge. good to see variety of experiences. Looks like software folks are used to this. I also imagine small mom and pop shops have done this before. I would still say its not something that happens in big tech especially HW where you live and die with the stock price even at non executive levels.
Congrats, what a great move. My respect for nvidia went up
Not a great move for the shareholders
This is such a short sighted comment. Keeping employees happy and retention low is in the utmost interest of shareholders.
Nvidia has top blind score. Everything I’ve heard says it’s a great place to work.
where does nvidia sit on the tech TC spectrum? I don't hear about them as much, but I've always thought it was around the level of Microsoft & Apple, i.e., the lowest of FAANG?
Nvidia’s TC for hardware is much more than at Apple. Experienced both.
Snap did as well. But then stock dropped 60% after 🥲🥲
Better than nothing. I joined meta at 364 and it’s now 160, and no top offs are on the horizon.
😭
It’s a bad move by company to dilute shareholders equity especially in this downturn. If companies really want to fill the gap between current comp and target comp. why not top up with operating income with cash? They won’t because equity is cheap for companies to give. “Profit is collected, Loss is distributed” But NVDIA is good company and has a healthy business so dilution won’t matter much in the long term. If it had been unprofitable company like Uber, Lyft, Pinterest or Snapchat. It would have depressed their share price more. Strong cash flow positive company basically has a printing press. Even if they dilute then it won’t matter much in the long term.
Snap and Lyft did this
Our salary raises were really nice this year. Non-promo IC-4 and I had a 12% bump. The special equity grants were just for new hires who joined at the ATH. It's not going to do much to dilute shareholders when a small fraction of employees received the grant.
What about employees with more tenure?
they are millionaires already
It'd make sense for them to ride with the company's stock price as they have active contributions as to how Nvidia performs
Roku did this for every employee and increased cash for a vast majority
Roku is so underrated with the cash heavy TC. I was only aware of Netflix.
Roku referral? How’s the wlb?
jealous 🥲
Nice, also jealous
Most companies do this
Not true. Datadog isn't
I’m sorry do you not know what the word most means?
Lyft did this too
That’s the nail on the coffin for Lyft
I agree, don’t work there anymore