SiFive Lays Off Hundreds of RISC-V Developers
An anonymous reader quotes a report from Tom's Hardware: SiFive, one of the key companies in the RISC-V ecosystem, is undergoing a significant restructuring marked by extensive layoffs and apparently a shift in business focus, reports More Than Moore. The company is seemingly retracting from its pre-designed core offerings, which means it may focus on custom cores instead. Meanwhile, the move casts uncertainty over SiFive's future in general along with its contributions to the RISC-V. RISC-V has become quite a popular choice for making miniature low-cost cores, but there are several companies who are working on higher-performance RISC-V-based offerings. SiFive is one of such companies offering ready-to-use designs and also making custom cores based on what customers need. But now, SiFive has laid off somewhere between 100 to over 300 employees from around 700 in mid-October. Most of these were engineers, along with some sales and product personnel. Meanwhile, the company's leaders, including CEO Patrick Little, are still there. SiFive issued the following statement to Tom's Hardware: "As we identify and focus on our greatest opportunities, SiFive is shifting to best meet our customers' fast-changing requirements by undergoing a strategic refocusing of all our global teams. Unfortunately, with this realignment, approximately 20% of employees across all different business groups and levels were impacted. The employees are receiving severance and outplacement assistance. SiFive continues to be excited about the long-term opportunities for the company and for RISC-V. The growth of the company has never been stronger and the opportunities never better. We are well funded for years in the future and continue to work with the market leaders in every segment. We remain focused on our four product groups, essential, intelligence, performance and automotive, and as we explained in a press event earlier this month, have a robust roadmap to meet the needs of these markets. We see tremendous new opportunities in AI and with Consumer products like wearables and mobile as Google brings Android to the RISC-V ecosystem. We will continue to offer customization for specific customers, offering standard and custom products where it makes sense from a business standpoint."
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