Page 6 - Simon Segars News Today

Semiconductor-design specialist wants to trim workforce by 12% to 15% ahead of IPO.

Arm is preparing to cut hundreds of employees from his global workforce after being forced to halt its $40 billion sale to Nvidia last month. The Telegraph

Arm has confirmed that it is cutting nearly 1,000 jobs in the wake of its failed Nvidia deal. The removal of "redundant" personnel will primarily impact those in the U.S. and the UK.

Widely regarded as the jewel in the crown of the U.K. tech sector, Arm employs employs around 6,400 people worldwide.

Arm has announced plans for wholesale job cuts ahead of its upcoming IPO.

CAMBRIDGE (dpa-AFX) - British chip designer Arm Plc has plans to cut up to 1,000 jobs or about 15 percent of its workforce after its $40 billion sale to Nvidia collapsed last month, said reports.

Chip designer ARM is to cut 15 percent of its workforce, as it reverts to its backup plan of an initial public offering after the Nvidia deal collapse

After the purchase by NVIDIA fell through, ARM will need to cut up to 1,000 jobs. This comes right before the comany goes public.

Chip giant plans to cut up to 15pc of its global workforce in wake of failed Nvidia takeover

What are the topics covered? There's onsemi selling its South Portland fab in Maine fab, the resignation of Toshiba’s CEO Satoshi Tsunakawa, Intelsat exiting Chapter 11, Intel choosing Magdeburg in eastern Germany for a site location and the exit of executives at Arm...