On August eighth, Xingji Meizu responded this afternoon to the information relating to the “Xingji Meizu’s adjustment of chip business and optimization for fresh graduates.”
According to a Weibo blogger, Xingji Meizu formally acknowledged: Faced with the uncertainty of the international financial setting, Xingji Meizu Group has determined to terminate its self-developed chip enterprise and focus extra on product innovation and software program consumer expertise.
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Due to the adjustment of associated companies, there will probably be some personnel optimization. The firm is actively coordinating and speaking to discover options in accordance with legal guidelines and rules. For affected contemporary graduates, the firm can also be maximizing their reassignment by way of inside suggestions and different strategies.
The blogger realized from official sources that this adjustment entails a complete of over 100 individuals, together with over 50 current graduates. Currently, precedence is given to internally redirecting the current graduates.
Previously, in accordance to info from varied knowledgeable sources, due to the lengthy funding cycle and excessive prices of chip growth, the AR chip from Xingji Meizu has not but produced any merchandise, which has affected their itemizing plans. Xingji Meizu is now planning to alter its chip enterprise.
This division at present employs roughly 200 workers members, together with over 40 current graduates who joined this 12 months. The adjustment plan entails shedding all current graduates and retaining a small quantity of senior staff. Compensation preparations are at present being negotiated.
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