{"id":1497,"date":"2022-03-15T14:53:11","date_gmt":"2022-03-15T14:53:11","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/03\/15\/arm-to-cut-hundreds-of-jobs-after-nvidia-deal-falls-through\/"},"modified":"2022-03-15T14:53:12","modified_gmt":"2022-03-15T14:53:12","slug":"arm-to-cut-hundreds-of-jobs-after-nvidia-deal-falls-through","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/03\/15\/arm-to-cut-hundreds-of-jobs-after-nvidia-deal-falls-through\/","title":{"rendered":"Arm to cut hundreds of jobs after Nvidia deal falls through"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/3\/15\/22978889\/arm-nvidia-deal-job-cuts<\/a>
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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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