Huizhiwei launches large-scale layoffs plan

According to reports, Huizhiwei, a well-known domestic RF chip manufacturer, started the layoff process on November 25, mainly affecting its Shanghai branch. On the 26th, the Guangzhou branch will also carry out layoffs. It is reported that the layoff rate of R&D personnel is as high as 40%, and compensation will be made according to the "N+1" standard. The laid-off employees are mainly fresh graduates within three years of graduation. The department leaders will directly announce the notice after confirming the list. After the employees sign, they can get compensation and leave.