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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese chip design software company X-Epic, established in 2020, is cutting up to half of its workforce, affecting 1,800 employees, amid market headwinds. The layoffs impact various departments, including the core R&D unit. X-Epic, known for developing indigenous EDA tools to challenge the dominance of US firms, has been significantly impacted by the current market conditions.
Months after completing a major project, leading Chinese chip development software firm cuts half of workforce: Report https://t.co/EXweN39asd https://t.co/iotMM5JUIX
Massive layoffs! 1,800 employees handed pink slips amid 1,800 rehiring | Reason – AI https://t.co/MoctnbOcaF
X-Epic (芯华章), a leading 🇨🇳 chip design software company established in 2020 with a mission to develop indigenous EDA tools to break the monopoly of US firms, started cutting jobs this week across different departments, including its core R&D unit — the company is slashing as… https://t.co/2XSjHR2BgW
