X-Epic, a leading Chinese chip design software developer, is cutting its workforce by up to 50%, reports the South China Morning Post. Just a few months ago the company completed a major project: it developed an electronic design automation (EDA) suite that covers a variety of aspects of chip design that works on processors made in China, a major breakthrough for Tianxia's semiconductor industry. However, X-Epic has to reduce headcount amid 'market headwinds.'
The job cuts, which started this week, affect multiple departments, notably the core research and development unit, according to sources familiar with the situation, who preferred to remain anonymous as the deal is a private matter. The company did not respond to South China Morning Post's requests for comment.
