Muxi launches pre-IPO layoff plan, expected to affect about 20% of employees

According to reports, Muxi Integrated Circuit is launching a pre-IPO layoff plan, which is expected to affect about 200 employees, accounting for about 20% of the company's total 900 employees. Industry experts believe that this move is aimed at increasing the success rate of listing, and layoffs before listing are not uncommon. Founded in September 2020, Muxi is headquartered in Shanghai and has subsidiaries and R&D centers in Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, Wuhan and Changsha. The company has an experienced high-performance GPU R&D team, and team members have an average of nearly 20 years of GPU product R&D experience. Muxi's products are mainly used in intelligent computing, smart cities, cloud computing, autonomous driving and other fields, providing strong computing power support for the development of the digital economy.