nVidia to cut 6.5% of workforce

[thilanliyan]

http://www.marketwatch.com/new...3B8944E3}&siteid=yhoof

Works out to about 360 jobs...much less than what the 6.5% sounds like but still disappointing for the people who did actually lose their jobs.

What is this actually due to? I know their stock price is down but they're not actually hurting that badly correct?? They have lots of cash reserves don't they? Or is this just to appease shareholders to make it look like they're actually doing something (in which case that's horrible for the people with the pink slips).

Still...AMD layed off a lot more I think.

 

[apoppin]

to cut the fat

all duplicated jobs .. hopefully some of their recent marketing staff which has been terribly sub par with the 9800 series and Tesla

it IS a worldwide recession we are staring at - they are smart to do it

 

[taltamir]

360 is too round a number to just "fat"... and how the hell did they get 360 people doing duplicate jobs (aka nothing)... if you let that many pencil pushers stand around idle while paying them then you have some serious management problems.

 

[apoppin]

Originally posted by: taltamir
360 is too round a number to just "fat"... and how the hell did they get 360 people doing duplicate jobs (aka nothing)... if you let that many pencil pushers stand around idle while paying them then you have some serious management problems.

Nvidia calls it fat
.. clearly .. they are "trimming" it

:roll:

Nvidia *marketing* has many redundancies - i noted
- clearly they are not as much in "harmony" as before

look at the sloppy 9800 launch and marketing .. how easy it was derailed
- worthy of ATi

worse .. Their marketing couldn't explain "tesla" if their lives depended on it = at Tesla's launch - they *alienated* us while going after the pro market
- look how negative some of the forum is about Nvidia .. they have no idea about Nvidia's vision .. so i would *hope* they are cutting PR and Marketing
- not engineers

they could easily cut their marketing even more, if they went to newer non-traditional marketing methods - something AMD desperately also needs




*fat*

 

[Bateluer]

Hopefully, it was there marketing team. Nvidia's naming conventions for the last few years have been incredibly retarded. ATI's too, until they were bought by AMD. AMD did a fantastic job fixing their naming system.

 

[postmortemIA]

Originally posted by: apoppin
to cut the fat

all duplicated jobs .. hopefully some of their recent marketing staff which has been terribly sub par with the 9800 series and Tesla

it IS a worldwide recession we are staring at - they are smart to do it

are you nvidia PR or something? I don't like profitable companies that trim jobs on demand... would you want to work for such company?

 

[VERTIGGO]

Originally posted by: Bateluer
Hopefully, it was there marketing team. Nvidia's naming conventions for the last few years have been incredibly retarded. ATI's too, until they were bought by AMD. AMD did a fantastic job fixing their naming system.

hadn't thought about it, but you're right...
digit one is generation
digit two is core
digit three is mem size or general speed class

 

[LOUISSSSS]

Originally posted by: postmortemIA

Originally posted by: apoppin
to cut the fat

all duplicated jobs .. hopefully some of their recent marketing staff which has been terribly sub par with the 9800 series and Tesla

it IS a worldwide recession we are staring at - they are smart to do it

are you nvidia PR or something? I don't like profitable companies that trim jobs on demand... would you want to work for such company?

if you had a job, i bet you'd be working for one. its all about supply and demand. if they dont need you, why pay for your wages? if they can no longer afford you, why pay for your wages?

 

[quadomatic]

Sad...

 

[rjc]

Originally posted by: apoppin
they could easily cut their marketing even more, if they went to newer non-traditional marketing methods - something AMD desperately also needs

I am confused. You want to give Mr Rollo more or less money?

 

[thilanliyan]

Originally posted by: rjc

Originally posted by: apoppin
they could easily cut their marketing even more, if they went to newer non-traditional marketing methods - something AMD desperately also needs

I am confused. You want to give Mr Rollo more or less money?

:laugh: Remember...he's not "paid".

 

[unr3al]

This is sad considering the budget nVidia has vs AMD. At least I can understand why AMD had to sack those people (I'm very sorry for them, don't get me wrong), but is nVidia in that much trouble, only a couple of months after the HD4xxx series launched?? Hmm...

 

[Pyrokinetic]

I think Charlie D. over at the INQ has well covered the reasons why Nvidia is now trimming its workforce (I know, I know... the INQ is "biased" against Nvidia -- but come on now, Charlie D. did write up a series of great articles):

1. Defective parts - mobile chipsets.
2. The paltry $200M write-off to cover cost of said defective chipsets.
3. Now, three seperate class-action lawsuits filed on behalf of shareholders over what Nvidia disclosed about the issue and when.

Also,
4. The brilliant AMD/ATI HD 4000 series which is squeezing Nvidia margins like a giant python.
5. The slowdown in the world economy which slows demand.

The pink slips are an inevitable consequence of the aforementioned issues -- not what it has already cost them -- but what it may 12 months down the road. Nvidia is being proactive knowing that they may be in the red and cash-strapped in the near future.

Just my thoughts.

 

[taltamir]

ugh, i hate that pity fest every time some company has layoffs. Yes, it annoys me to see a company lay off people IT NEEDS to manipulate stock; but only because it is only hurting it's viability in the long run for some short term gain.

But what is people's damn problem with companies not paying useless parasites?

I got laid off before, it is not a big deal, your job becomes irrelevant and you go find another one. Getting paid to do nothing of value is stupid, I don't need any welfare thank you very much.

Anyways, I read that last time nvidia had a major crisis, the management took a paycut and not a single person got fired.

 

[nRollo]

Originally posted by: rjc

Originally posted by: apoppin
they could easily cut their marketing even more, if they went to newer non-traditional marketing methods - something AMD desperately also needs

I am confused. You want to give Mr Rollo more or less money?

Everyone should give Mr Rollo more money- he likes that.

 

[Keysplayr]

Originally posted by: taltamir
ugh, i hate that pity fest every time some company has layoffs. Yes, it annoys me to see a company lay off people IT NEEDS to manipulate stock; but only because it is only hurting it's viability in the long run for some short term gain.

But what is people's damn problem with companies not paying useless parasites?

I got laid off before, it is not a big deal, your job becomes irrelevant and you go find another one. Getting paid to do nothing of value is stupid, I don't need any welfare thank you very much.

Anyways, I read that last time nvidia had a major crisis, the management took a paycut and not a single person got fired.

Getting laid off in this agonizing economy is VERY serious to many people. Households that need two incomes to keep them afloat, may be forced into foreclosure because they can't make their mortgages. (It only takes 3 months before banks can start lis pendens proceedings if they wish) It's not like the "piece of cake" you think it is to find another job that pays anywhere near what they were making before. Some of the people laid off certainly will find new jobs, but many won't for a long time. Some will lose their homes, forced to move to lower income housing, most likely rent because their credit will be shot from defaulting on their mortgages. So don't be so insensitive to these "parasites" as you call them. Most of them are likely hard working people if they had positions at Nvidia. Even a desk clerk or secretarial position.

 

[dug777]

Originally posted by: nRollo

Originally posted by: rjc

Originally posted by: apoppin
they could easily cut their marketing even more, if they went to newer non-traditional marketing methods - something AMD desperately also needs

I am confused. You want to give Mr Rollo more or less money?

Everyone should give Mr Rollo more money- he likes that.

Also bourbon

 

[Peelback79]

It's good to see them taking action they deem appropriate. Perhaps ATi's recent string of success coupled with their own string of somehwhat underwhelming releases has them back in "not resting on their laurels mode". When times are good and the money is flowing, apathy and laziness usually set in.

 

[badnewcastle]

Originally posted by: Peelback79
It's good to see them taking action they deem appropriate. Perhaps ATi's recent string of success coupled with their own string of somehwhat underwhelming releases has them back in "not resting on their laurels mode". When times are good and the money is flowing, apathy and laziness usually set in.

:thumbsup:

 

[WaTaGuMp]

Im gonna sit back now and wait for the OMGZ NVIDIA IS GOING TO DIE threads, like we havent seen any of those already. :shocked:

 

[apoppin]

Originally posted by: nRollo

Originally posted by: rjc

Originally posted by: apoppin
they could easily cut their marketing even more, if they went to newer non-traditional marketing methods - something AMD desperately also needs

I am confused. You want to give Mr Rollo more or less money?

Everyone should give Mr Rollo more money- he likes that.

sorry ... my *deeper* marketing cuts would bypass Mr nRollo; he has a good day job, anyway .. and GTXes are cheap to send to FG members; i would not kill FG as it is good bang for buck, it IS transparent [as we asked] and works in every forum - except AT's video- where it got off to an awful start. i know .. we dug up AEG's link ourselves here and forced Nvidia to change their ways



i am saying "non traditional", anyway =P
- Nvidia's marketing - while decent - still is "diluted" imo - they are not unified as they should be

. . . and i market my OWN stuff .. i am not giving any more free ideas to Nvidia .. or anyone else

edit:

Originally posted by: postmortemIA

Originally posted by: apoppin
to cut the fat

all duplicated jobs .. hopefully some of their recent marketing staff which has been terribly sub par with the 9800 series and Tesla

it IS a worldwide recession we are staring at - they are smart to do it

are you nvidia PR or something? I don't like profitable companies that trim jobs on demand... would you want to work for such company?

No, i am just decent at industry analysis

i don't want to work for ANY company - i have run several small-mid sized ones in my life [succesfully - i am starting one up right now!] and i have to also "trim fat" in my own company
.. now if necessary; i may love the people who work for me but i cannot be like 3DfX - they went under because they could not control expenses - one of which is payroll.

i am talking sad reality ,, i know the human face of losing one's job