NVIDIA has recently announced layoffs and hiring freezes
Intel has quietly changed its hiring requirements after a recent labor shortage caused by its plans to expand its semiconductor capacity, scrapping a rule prohibiting the rehiring of laid-off workers. Not all peers are on the path to expansion, though, with rival Nvidia, for example, appearing to be slowing down.
According to TNIE, an internal message sent by Nvidia management to the manager in charge of hiring shows that Nvidia has recently suspended hiring. In fact, there have been rumors that Nvidia has raised the bar in interviews and that only 10% of interviewees will get hired. According to the Barrons report, the tech industry has been cutting spending lately in response to rising inflation and a deteriorating global economic environment and has also been more cautious about operating budgets, which doesn’t seem to be entirely Nvidia’s own problem, but a pervasive one.
“We need to determine if any of your candidates are considered a diversity candidate. If so, proceed as usual.” In a response to TNIE’s query, an NVIDIA spokesperson said, “We’ve been successful in hiring this year. We’re slowing for now to integrate new employees and to focus our budget on taking care of existing employees as inflation persists.”
In fact, Nvidia was still massively expanding at the beginning of the year. At that time, Nvidia announced the creation of a CPU design and engineering team in Israel and was preparing to recruit hundreds of engineers, including hardware, software, and architecture talents, to enter related research and development work. However, over the course of a few months, the situation may have changed, and there may be differences in recruitment policies adopted by different regions.
Via: newindianexpress
