Friday, 24 March, 2023

UK based technology firm Arm intends to cut 12-15% of it's workforce

<p>Arm plans to reduce 12-15% of its staff, barely over a month after the company&#39;s $40B deal to Nvidia fell through. Most of the layoffs will happen in the UK and the US, the company said. In a statement, Arm said, &quot;Like any business, Arm is constantly examining its business plan to ensure the company has the correct balance between prospects and cost discipline.&quot; &quot;Unfortunately, potential layoffs across Arm&#39;s global staff are part of this process,&quot; the firm added.</p>