RISC-V leader SiFive laid off major layoffs: 20% of employees were laid off, most of them engineers

News from this site on October 25th that SiFive, one of the key companies in the RISC-V ecosystem, is undergoing a major reorganization. This reorganization mainly involves large-scale layoffs and a shift in business focus. This move has given SiFive The future of RISC-V and its contribution to RISC-V brings uncertainty.

This site has noticed that RISC-V has become a popular choice for manufacturing micro-low-cost cores, but there are also some companies developing high-performance RISC-based -V Products, SiFive is one such company that offers ready-made designs and also makes custom cores as per the client's needs.

But today SiFive issued a statement saying that is laying off about 20% of its employees (about 140 people), involving different teams. It is reported that most of them are engineers, and there are also some sales and product personnel. Meanwhile, the company's leadership, including CEO Patrick Little, remains on board.

SiFive said in a statement, "As we identify and focus on our largest opportunities, SiFive is strategically reorganizing to best meet the rapidly changing needs of our customers. Unfortunately, in Approximately 20% of employees are affected by this adjustment, involving different business groups and levels. These employees will receive severance packages and placement assistance."

The statement also said, "We remain focused on our Four product groups, Basic, Smart, Performance and Automotive, and as we explained in our press conference earlier this month, we have a strong roadmap to address the needs of these markets. We see Artificial Intelligence and huge new opportunities in consumer products such as wearables and mobile devices as Google brings Android into the RISC-V ecosystem. We will continue to provide customized services for specific customers, where it makes business sense to provide Standard and custom products."

The company is optimistic about its future as it is well-funded and expects demand for its products to remain high. "SiFive remains excited about the company and the long-term opportunity for RISC-V," the company said. "The company's growth has never been stronger and the opportunities have never been better. We are fully funded for the next few years and continue to work with each "The impact of SiFive's reorganization raises questions about its future trajectory and influence in the RISC-V field, giving the company a deeper understanding of the RISC-V standard and the industry's development path. Future contributions create uncertainty.

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