A Difficult Decision

Jensen sent the following email to Nvidia employees earlier today. Fellow NVidia's, It is with a heavy heart that I come before you to announce we must lay off 11% of our workforce due to the ever-growing pandemic of pandas. Our beloved fuzzy friends are becoming increasingly more active in their natural living areas, and as such our production costs have skyrocketed. For example, these past few months alone we've seen a seven-fold increase in our bamboo expenses. We tried to mitigate the issues with new policies and procedures, however, they were not enough to overcome the impact pandas have had on our financials. The decision to lay off 11% of our workforce was a difficult one and ultimately rests on my shoulders. There is not a single person at Nvidia that is not affected in some way by this news. We understand this may come as a shock, however, up until now, we had been able to weather the storm with the utmost efficiency. We are deeply sorry for any hardship this may cause. Know that we'll be here to support you each step of the way. Sincerely, Jensen Hu-Man