Nvidia Announces Company-Wide Raises, Promises No Layoffs During Pandemic

Nvidia Announces Company-Broad Raises, Promises No Layoffs During Pandemic

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Jen-Hsun

The CEO of Nvidia, Jensen Huang, has announced that Nvidia won't be laying off any of its employees or asking them to accept pay cuts as a effect of the coronavirus epidemic. Far from it. The company is giving raises to all of its employees to provide additional financial security during this crisis. The total letter is available here.

Jensen writes:

In response to the falling economic system, we announced that we are pulling in our almanac review process. Immediately I received questions about whether we are also planning a layoff. NO — precisely the opposite. We are accelerating your raise to put some extra money in your hands. we can put tens of millions more dollars in the hands of our families in the coming months.

There is no layoff. The work we do in graphics, science, AI, and robotics is more than vital to the time to come than always.

Later in the alphabetic character, Jensen promised that both he and Nvidia would match charitable donations upwardly to $2,500, for a $10,000 donation in total.

This is the kind of attitude we'd like to see more than companies taking, especially with regard to their employees. While many companies cannot afford to have such measures, like action on the function of those that can would help alleviate the tremendous financial pressure the Swell Cessation has caused.

Nvidia's various Tesla GPUs are deployed in supercomputers around the earth.

Nvidia, to exist fair, is in a much ameliorate position than many of the companies across America. Sales of function equipment and computers have spiked since the epidemic began, as people bought hardware to enable them to work from home. It's entirely possible that more calculating power has now been spent analyzing the SARS-CoV-2 virus than has been spent on any other unmarried workload, e'er. Information technology's not articulate how much of this information will ultimately prove useful, but the experience of pivoting and then much computational ability to the report of a single topic in such a short time certainly will.

Nvidia's attitude towards this crunch is the one we demand more companies to adopt. If you lot've ever wondered what information technology's like to live in an actual, genuine, "unprecedented effect," this is it. The modern, globally continued world has never dealt with a pandemic. Nations have never shut down big parts of their economies en masse. The modern world has never dealt with a pandemic. There are no "precedented" situations to refer dorsum to. The 1918-1919 Spanish flu pandemic is a useful touchstone with some important and still-relevant lessons, but the amount of global merchandise in 1919 was a fraction of today's, and modern supply chains flow across international borders in means that have no historical analog.

Unprecedented times call for unprecedented measures. Hopefully, more companies become the hint. Hat-tip to Hot Hardware for the declaration.

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