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Arm to lay off 960 staff following Nvidia deal collapse

Arm to lay off 960 staff following Nvidia deal collapse

UK chipmaker Arm is set to lay off 960 members of staff in the wake of its sale to Nvidia falling through.

As reported by the BBC, this represents roughly 15 per cent for the company's 6,400-strong global workforce. The bulk of these redundancies are set to be in the UK and United States.

Arm was set to be sold to graphics card giant Nvidia for $40 billion. The deal came under strong scrutiny around the world, including the US and the UK, ultimately leading it to fall through in February of this year.

"Like any business, Arm is continually reviewing its business plan to ensure the company has the right balance between opportunities and cost discipline," Arm said in a statement.

"Unfortunately, this process includes proposed redundancies across Arm's global workforce."

Arm's current owner – Japan's SoftBank – is now reportedly planning on having the chip specialist go public by April 2023.


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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