AI "unicorn" Graphcore set to cut jobs
By Peter Clarke, eeNews Analog (September 27, 2022)
Artificial intelligence (AI) chip startup Graphcore Ltd. (Bristol, England) is proposing to axe jobs at multiple sites due to the “macroeconomic” situation.
A spokesperson from Graphcore told eeNews Europe that because a consultation process is underway the company would not at this time discuss how many jobs or what proportion of the workforce are likely to be cut.
The company said in a statement: “Graphcore has significant cash reserves and is well positioned to take advantage of the AI compute opportunity, however the macroeconomic backdrop is extremely challenging. This means making some hard but necessary decisions around our priorities to put us in the best possible position for sustainable growth in 2023. We are proposing reducing our headcount worldwide and have entered consultation in a number of locations.”
By Peter Clarke, eeNews Analog (September 27, 2022)
To read the full article, click here
Related Semiconductor IP
- USB 20Gbps Device Controller
- Fault Tolerant DDR2/DDR3/DDR4 Memory controller
- 25MHz to 4.0GHz Fractional-N RC PLL Synthesizer on TSMC 3nm N3P
- AGILEX 7 R-Tile Gen5 NVMe Host IP
- 100G PAM4 Serdes PHY - 14nm
Related News
- Transmeta to cut 100-200 jobs
- ST reveals plan to cut 2,300 jobs in Europe
- ARM set to cut 3% of jobs, imposes pay freeze
- Mindspeed to cut jobs in wake of Picochip buy
Latest News
- Qualitas Semiconductor Successfully Demonstrates Live UCIe PHY IP at AI Infra Summit 2025
- Silicon Creations Announces 1000th Production FinFET Tapeout at TSMC and Immediate Availability of Full IP Library on TSMC N2 Technology
- Intel and NVIDIA to Jointly Develop AI Infrastructure and Personal Computing Products
- Comcores MACsec IP is compliant with the OPEN Alliance Standard
- Sofics joins GlobalFoundries’ GlobalSolutions Ecosystem to Enhance Chip Robustness, Performance and Design Efficiency