Nvidia to Chop 6.5 Percent of its Work Force

[HaZ]

360 Nvidia employees soon to be "downsized"

Nvidia to Chop 6.5 Percent of its Work Force : Read more

 

[crockdaddy]

Who is NVIDIA anyway? Didn't they used to make fantastic high performance GPU's? (as I order my ATI 4850)

 

[gm0n3y]

Why do companies give press releases for moves like this? All it does is make employees worry about their job security. Why not just identify where you want the job cuts and tell the middle managers to decide who's got to go? Then its not such a big deal and it doesn't trash morale as badly.

 

[kittle]

it does make people worry about job security.
but it also stops the rumor mill when a large number of NVIDIA employees are shown the door and some press person gets wind of it.

To me it sounds like they are "trimming the fat" - getting rid of people who dont contribute as much as they are supposed to.

 

[antilycus]

As soon as the executives get canned or MASSIVE paycuts for not doing their job, then this will be news. Until then, the poor are just getting screwed by the rich.

 

[antilycus]

Why do companies give press releases for moves like this? All it does is make employees worry about their job security. Why not just identify where you want the job cuts and tell the middle managers to decide who's got to go? Then its not such a big deal and it doesn't trash morale as badly.
----
Its simple why they do this. FEAR. The executives want the peons to make more money for the company, without actually having to figure out who should get fired and yadayadayada. If eveyrone is afraid of losing their job, they are more likely to be productive. Unless they are like me, where I think people (regardless of their POINTLESS job title) should be held responsible for their faults/mistakes.

 

[giovanni86]

This is just another sign of the economy tumbling down. The move was a financial move. Its like a rock falling in a pond, it has a ripple effect, we will all be effected sooner then later.