Thursday, 13 April, 2023

Arm to let go off 12-15% of its workforce

<p>British chipmaker Arm has decided to cut off 12-15% of their workforce. The news weeks after their sale with Nvidia worth $40B collapsed. The company said that the US and the UK will see most of these layoffs. An official statement said that Arm is continually reviewing their business plan to ensure balance between opportunities and cost discipline. The statement added that the proposed redundancies across their global workforce is also included in the process.&nbsp;</p>