AI "unicorn" Graphcore set to cut jobs
By Peter Clarke, eeNews Analog (September 27, 2022)
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
- Hybrid Memory Cube Verification IP
- nQrux® Root of Trust IP
- AXI to UCIe Bridge IP
- UCIe 2.x Controller IP
- SWI3S (SoundWire I3S Interface) Peripheral Controller Core IP
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
- UMC Reports Sales for September 2026
- LUBIS EDA Launches FormalOS: Infrastructure for Systematic, Scalable Formal Verification
- Chips&Media Expands Beyond Traditional Video Codecs to Become a Multimedia IP Leader
- Year-to-Date Global Semiconductor Sales Top $1 Trillion Through August
- Xiphera launches nQrux® Root of Trust with Post-Quantum Cryptography