Sifive layoffs confirmed about 60 people, the company is going in a downward direction.
About 550 employees in US, Sifive works on Risc-V IP and clients including Google, Qualcomm, Cruise, etc.
Thanks for the info. Seems like a relatively big startup and very value add technology. Any idea why they need to layoff? Business not good? My guess is their heartless greedy investors told them to do it in order to save their investment.
Probably because risc-v won't make money anytime soon.
Isn't the 60 day notice a requirement in California? Especially in case of mass (10% here) layoffs
The WARN report from the website didn't mention name of the company..
I thought so. But seems that they are not doing it
Wow this is big. Why are they laying off? Any idea? Maybe they hired a lot and were giving huge salaries in india as well.
Any severance provided ?
6 weeks, insurance through Oct, worthless equity
They're sending a package to everyone today, I. The layoff call nothing worth substance was mentioned though! All they said was: " The details of everything will be in the package"
There’s a moron on Blind @axgbb who blindly argued SiFive is the best HW startup, hope he is laid off
Does SiFive have a good future? Maybe not the best but does it have a good future? I thought intel tried to buy them.
Intel rejected them
How many laid off?
Are they keeping them on payroll or their last day is this week? I feel for visa workers
Did they give any reason for layoff?
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What does SiFive do? And what percentage is just 60 people?