Arm Plans 15% Workforce Reduction as it Prepares for Life Beyond Nvidia

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Arm and SoftBank have been looking at the business focus and cost base alignment to make it more attractive for a public listing.

www.eetasia.com, Mar. 17, 2022 – 

Reports have emerged that Arm is looking to cut up to 15% in its headcount in the U.S. and U.K, from its total of around 6,500 worldwide staff.

In a statement, Arm said, "Like any business, Arm is continually reviewing its business plan to ensure the company has the right balance between opportunities and cost discipline. Unfortunately, this process includes proposed redundancies across Arm's global workforce." The spokesperson added in an email to EE Times, "If the proposals go ahead, we anticipate that around 12-15% percent of people in Arm would be affected globally. Roles in the U.K. and the U.S. will be primarily affected. Some roles will be placed at risk of redundancy while a consultation process is followed, whereas others will be impacted sooner according to local employment legislation. The exact process will vary by location."

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