Arm lays off 12 to 15 percent of staff after Nvidia deal bounces

Softbank is busy reorganizing its Arm subsidiary and plans to enlist the chip technology specialist. This will cause 12 to 15 percent of job losses.

According to The Telegraph wants to register Japanese software giant Arm. For this, British chip technology specialists had to be urgently reorganized. This will affect all employees worldwide, Arm’s newly appointed CEO Rene Haas has told staff.

loss of a job

Reorganization will mean that between 12 and 15 percent of employees will lose their jobs. Most layoffs will occur in the UK and the US. The main reason for the layoffs was that Arm should pay more attention to costs.

Reorganization did not just come. The previous CEO of the chip technology company, Simon Segars, has announced that the company’s viability is uncertain if the deal with Nvidia fails.

No acquisition by Nvidia

In February this year it was announced that acquisition by Nvidia not through due to too many objections from regulators. These regulators opposed the takeover because they feared that all of ARM’s key technologies would now be on one side. As a result, other manufacturers may have less access to this technology and therefore have a reduced competitive position.

Tip: Nvidia’s takeover of Arm from work

Rebecca Burke

"Coffee trailblazer. Analyst. General music geek. Bacon maven. Devoted organizer. Incurable internet ninja. Entrepreneur."

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