Arm chops 1,000 jobs | Light Reading
Semiconductor-design specialist wants to trim workforce by 12% to 15% ahead of IPO.
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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.