NVIDIA’s loss of Arm acquisition affects the latter company’s employees, who may see unemployment in the coming months
Arm’s chief executive officer Rene Haas told staff members earlier this week that twelve to fifteen percent employed by the company could be impacted. The estimated amount of jobs lost is close to a thousand employees. To place this into further examination, Arm employs over 6,500 employees globally. The company states that most jobs affected are located in both UK and US workforce locations. — Email from Haas discovered by The Telegraph Former Arm CEO Simon Segars (2013 to 2022) cautioned that its present investment statuses would not remain stable if the company went public. With the now-defunct NVIDIA deal, Arm had plans to increase its workforce to twice the amount after purchase by Softbank. Source: The Verge, The Telegraph — Arm official statement to The Telegraph
