News Months after completing a major project, leading Chinese chip development software firm cuts half of workforce: Report

[Admin]

X-Epic fires 200 employees just months after hitting major milestone with chip design tools.

Months after completing a major project, leading Chinese chip development software firm cuts half of workforce: Report : Read more

 

[MacZ24]

200 employees lose their job from a 400 employees company founded in 2020 ?

It is obvious China is crashing, for sure.

I mean, it's like 0.0000142% of the population.

 

[Notton]

This is business as usual.
Once a project is complete, the hard part is done.
You don't need 100% of the workforce to maintain, patch, and build-on things.

In fact, you don't even need the lead designer, it seems.
Just look at the portfolio of Jim Keller and Raja Koduri for an example.