Nvidia grew its revenues by 114% last year, while adding only 20% to its headcount

Whether AI brings about the golden era of productivity that many tech leaders endlessly talk about — enabling all of us to do more with less — is still worth arguing about. But the main character of the AI boom itself, Nvidia, is certainly finding ways to squeeze a little more juice out of its employees, with the company’s Q4 earnings revealing not only blockbuster revenues and profits but a remarkable fact: the world’s hottest company employs only 36,000 people, about 20% more than it did last year.

Considering that Nvidia more than doubled its revenue in 2024, from ~$61 billion to an eye-watering ~$130 billion, the fact that the responsibilities of its HR department have grown only 20% is nothing short of remarkable. But, when you look back at the last few years, the divergence between employees and revenue is even more stark.

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