Preheat the oven to 350 degrees F (175 degrees C). Grease a 10×15-inch baking pan.
Beat pumpkin, 2 cups white sugar, and oil in a mixing bowl; add eggs and mix well.
Combine flour, baking soda, cinnamon, and salt in another bowl; add to pumpkin mixture and beat until well blended. Pour batter into prepared baking pan.
Bake in the preheated oven until a toothpick inserted into the cake comes out clean, about 25 to 30 minutes. Set cake aside to cool.
Beat cream cheese, butter, and vanilla together in a mixing bowl until smooth. Gradually beat in confectioners’ sugar; add milk until frosting reaches desired spreading consistency. Frost cooled cake and sprinkle with nuts.
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