Arm freezes hiring until Nvidia takeover, cancels everyone's

Arm freezes hiring until Nvidia takeover, cancels everyone's 'wellbeing' allowance


Acquisition expected to complete in April 2022, empty positions can't be filled until then
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Exclusive Arm has entered an engineering hiring freeze that may last until April 2022 when it expects its acquisition by Nvidia to complete.
Not only are teams around the world not allowed to hire, but also positions cannot be backfilled when employees leave. Any open roles are now on hold. In addition, Arm canceled an annual "wellbeing" allowance, a move those who spoke to
The Register said is effectively a pay cut, and a significant one at that for graduates and other lower-paid staffers.
The hiring freeze, which came into force this month, affects Arm's chip design wing – its IP Products Group, or IPG – though

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