Nvidia CEO reportedly hands staff a raise despite lackluster quarter for company

In what is claimed to be a leaked company-wide email, Nvidia CEO Jensen Huang reassured employees that despite “significantly lower than expected” second-quarter earnings, there would be no layoffs at the company in the immediate future. The CEO instead promised employees a raise to help against global inflation.

In a preliminary report (opens in new tab) Released earlier this week, Nvidia expects its overall revenue to fall nearly $1.4 billion short of its expected $8.1 billion in the second quarter. The company noted that its gaming division severely underperformed as its revenue fell 44% year over year.

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