Arm to cut hundreds of jobs after Nvidia deal falls through
by Jon Porter from The Verge - All Posts on (#5X4FT)
Illustration by Alex Castro / The Verge Arm is preparing to cut hundreds of employees from its global workforce after being forced to abandon its $40 billion sale to Nvidia last month. The Telegraph reports that the company's chief executive Rene Haas told staff on Monday that between 12 and 15 percent of the company's employees could be affected. This could translate to almost a thousand employees if, as The Guardian reports, Arm has over 6,500 employees worldwide. Arm says the majority of roles affected will be in its UK and US-based workforce.
This is going to be a tough time for everyone, so I want to be clear on why we are doing this," Haas said in an email seen by The Telegraph. We need to be more disciplined about our costs and where we're investing. To stay...