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Arm to reduce workforce by up to 15 percent after Nvidia deal collapses
Nvidia had tried and failed to buy Arm in a deal worth $40 billion.
March 16, 2022
1 Min Read
UK chip designer Arm could reduce its workforce by 15 percent after the collapse of its sale to Nvidia.
Nvidia terminated its $40 billion acquisition of the semiconductor and software design company in February this year due to regulatory challenges.
Now, the BBC is reporting that Arm intends make up to 15 percent of its employees redundant, with the bulk of those layoffs taking place in the UK and United States.
Arm seemed to confirm the move in a statement, with the company explaining it's "continually reviewing its business plan to ensue the right balance [...] between opportunities and cost discipline."
"Unfortunately, this process includes proposed redundancies across Arm's global workforce," it added.
Arm currently employs around 6,400 people globally and has a number of notable clients including Apple, which uses Arm architecture in its own Apple silicon chips.
About the Author(s)
News Editor, GameDeveloper.com
Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.
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