NVIDIA CEO Hands Out Raises, No Job Cuts surrounding COVID-19

by Hilbert Hagedoorn on: 04/21/2020 07:42 AM | source: crn.com | 25 comment(s)

It is very unusual to see an internal mail leak out, but yeah, that happened at NVIDIA. A letter addressed to employees, NVIDIA CEO Jen Hsun Huang promises that the COVID-19 crisis will not cause job-losses anywhere.

Also, the company will continue its planned pay-raises. Jen Hsun reiterates that its 13,775-strong workforce are to remain home and safe during these troubled times.

"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."

In the letter's closing, Huang thanked doctors, grocery clerks and other front-line workers for their sacrifices to keep essential services running.

"These doctors, nurses, first responders, police officers, sanitation workers, grocery clerks, and delivery drivers are superheroes," he said. "They fill us with hope and optimism that the world is good."

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sverek

Posts: 6073
Joined: 2011-01-02

#5781236 Posted on: 04/21/2020 09:09 AM

Guess you can't hide the wholesomeness of leather jacket man.
Not sure if it was "leaked" or shared by 1 of the 13,775 employees, but good to see big company putting priority on workforce and not shareholders.
Hope to see Novidia carry out the promise till the pandemic is over and afterwards.

jbscotchman
Senior Member

Posts: 5870
Joined: 2004-01-28

#5781239 Posted on: 04/21/2020 09:21 AM

Well that's good.

Noisiv
Senior Member

Posts: 7860
Joined: 2010-11-16

#5781243 Posted on: 04/21/2020 09:33 AM

They raise salaries to keep their employers happy just so they can earn even more money and find cure for COVID-19 faster. Very sneaky from Nvidia. :eek:

gstanford
Member

Posts: 35
Joined: 2003-11-22

#5781263 Posted on: 04/21/2020 11:02 AM

Little wonder nvidia can afford to not lay anyone off and give them raises instead!

Inflated Pascal and Turing graphics card prices paid for this, not Jensen's generosity!

Redemption80
Senior Member

Posts: 18469
Joined: 2009-01-06

#5781267 Posted on: 04/21/2020 11:12 AM

Surely it's both?

In this day and age of furloghed staff and begging for government handouts its strange to see a company do this.

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