Chipmakers like Nvidia and Broadcom are using a classic Silicon Valley tactic to retain their most valuable employees
Briefly

Chipmakers like Nvidia and Broadcom are using a classic Silicon Valley tactic to retain their most valuable employees
"As their valuations skyrocket on the back of the AI boom, so do pay packages for employees whose compensation is tied to stock price. Some are anticipating paydays worth millions of dollars."
"There's one catch: Stock payouts unlock over time, rewarding employees who stay with the company longer - and penalizing those who skip out sooner."
"If I wanted to leave now, I do not think I can command the salary I have now with another company."
"It could take up to four years for some to get the full payout. However, the skyrocketing value of stock awards means some employees are already earning buckets of compensation, which in Nvidia's case has tipped some to coast into a "semi-retirement" mode."
Major chipmakers Nvidia, Broadcom, and AMD increasingly pay employees with stock-based awards that vest over time. Rapid AI-driven valuation gains have dramatically increased the monetary value of restricted stock units, with some employees anticipating multi-million-dollar paydays. Vesting schedules, often lasting up to four years, create strong retention incentives and financial penalties for early departures. Some employees plan to remain until equity vests because comparable cash salaries are unavailable elsewhere. Compensation trackers like Levels.fyi show wide role-based variations. Rising stock awards have enabled some employees to reduce work intensity or enter "semi-retirement" modes while still employed.
Read at Business Insider
Unable to calculate read time
[
|
]