According to interface news reports, Bitmain's large-scale layoff program has begun. A Bitmain employee who was laid off revealed to reporters: “The layoffs started last Thursday. This time, we mainly lay off new employees, and many professional managers have gone.” The laid-off employees also said that this round of layoffs The proportion may be as high as 50%. However, the news has not been confirmed by Bitmain, and another person familiar with Bitmain's situation said that the size of the round of layoffs may be 30%. It is reported that the current number of employees in Bitmain is about 1,500. Among them, the AI chip business is the hardest hit area in this round of layoffs, and the proportion may be higher than 50%. The new CEO of the AI business line "Fengfeng", Wang Jun, said in an interview with Caixin after taking office that the AI business line will inevitably shrink in the future. In the strategic direction, it will shift from the previously scattered project level to focus on scalable Easy to mass-produce products. Wang Jun also said that his top priority after taking over as CEO is "to find a way to quickly sort out the business, formulate a future strategic plan, and bring the team together."