Arm chops staff
By David Manners, ElectronicsWeekly (October 5, 2022)
Arm has laid off 20% of its UK workforce of 3,500 employees and 18% of its global workforce of 6,950 people.
700 UK jobs have gone – representing 40% of the 1,730 people hired since Softbank bought the company in 2016 promising to double the UK workforce.
In 2016 Arm had 1,770 employees. Before this year’s lay-offs that had risen to 3,500.
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