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Nvidia’s stock has surged over 3,000% since 2019, creating immense wealth among its employees. Many workers tolerate demanding conditions, including seven-day work weeks and late-night shifts, driven by the desire to retain vested shares.
The company’s turnover rate in 2023 was only 2.7%, significantly lower than the semiconductor industry average of 17.7%. Employees remain committed not only for the chance to work with cutting-edge technology but also due to the financial incentives linked to their stock options, which vest over four years.
CEO Jensen Huang has acknowledged the tough work culture, stating that extraordinary achievements require hard work.
By Marco Quiroz-Gutierrez | August 27, 2024
Read the original article at fortune.com
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