21.3.2022 | Arm will cut hundreds of jobs after Nvidia deal falls through
Arm is preparing to cut hundreds of employees from its global workforce after being forced to abandon its $40 billion sales to Nvidia in last month.
According to The Telegraph, the company’s chief executive Rene Haas told staff on March 14, 2022 that between 12 and 15 percent of the company’s employees could be affected.
This could translate to almost a thousand employees since Arm has over 6,500 employees worldwide. Arm says the majority of roles affected will be in its UK and US based workforce.