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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/3\/15\/22978889\/arm-nvidia-deal-job-cuts<\/a> 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<\/a>. The Telegraph <\/em>reports<\/a> that the company\u2019s chief executive Rene Haas told staff on Monday that between 12 and 15 percent of the company\u2019s employees could be affected. This could translate to almost a thousand employees if, as The Guardian <\/em>reports<\/a>, Arm has over 6,500 employees worldwide. Arm says the majority of roles affected will be in its UK and US-based workforce.<\/p>\n \u201cThis is going to be a tough time for everyone, so I want to be clear on why we are doing this,\u201d Haas said in an email seen by The Telegraph<\/em>. \u201cWe need to be more disciplined about our costs and where we\u2019re investing. To stay competitive, we need to remove duplication of work now that we are one Arm; stop work that is no longer critical to our future success; and think about how we get work done.\u201d<\/p>\n
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