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

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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 result 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 full letter is available here.

Jensen writes:

In response to the falling economy, we announced that we are pulling in our annual 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 vital to the future than ever.

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

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

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

Many companies across the United States are laying workers off. Nvidia is giving raises and pledging to match charitable donations instead.

www.extremetech.com