NVIDIA Employees: Important Notice

Jensanteen sent the following email to NVIDIA employees earlier today. Greetings my fellow NVIDIANS! It is with a heavy heart that I have to inform you that, due to unfortunate circumstances, I am announcing today a layoff of 15% of our workforce. As your CEO, I take full accountability for this difficult decision. The root cause of this layoff is none other than the comfy office napping areas we created to boost employee morale and productivity. Although our intentions were pure, some employees have taken advantage of these napping areas, spending hours upon hours in them each day. This situation has created a chain reaction of events, from a lack of productivity to a shortage in office supplies and other resources. To make up for this shortfall, I ultimately had to make the tough decision of reducing our workforce to ensure that our goals as a company are met. Please know that this decision was not taken lightly, and I understand the impacts it has on our employees and their families. Rest assured that NVIDIA remains committed to putting employees first, and we will be providing severance pay, career placement assistance, and more to those affected by the layoff. Again, I apologize for the disruption this news may cause. Sincerely, Jensanteen Wang NVIDIA CEO