Softbank's semiconductor company 'Arm' restructures 15% of its employees
It is reported that Arm, a British technology company known for designing SoC architectures for mobile terminals, is planning a restructuring of about 1000 people, which is 15% of the employees.
British tech champion Arm to slash hundreds of jobs
Arm is a developer of the 'Arm architecture' used in processors such as many Android smartphones and single board computers, and is under the umbrella of the SoftBank Group at the time of writing the article.
In July 2020, it was reported that the SoftBank Group was considering selling Arm, and in August it turned out that it was in talks with NVIDIA, which is known as a GPU developer, about the sale. And in September 2020, they announced that they had closed the Arm transaction for about 4.2 trillion yen.
However, regarding the acquisition of Arm by NVIDIA, many negative opinions were gathered due to reasons such as 'It will be possible for NVIDIA to monopolize technology' and 'It is unclear whether the UK headquarters will continue to operate and the employment of employees will be maintained', and the UK government has 2021 Intervened in April of the year on the grounds of 'national security concerns'. In December 2021, the Federal Trade Commission of the United States filed a lawsuit to suspend the acquisition , and the acquisition transaction was difficult.
Federal Trade Commission filed suit for NVIDIA's injunction to buy Arm-GIGAZINE
Then, in January 2022, it was reported that NVIDIA abandoned the acquisition of Arm and SoftBank Group also changed its policy toward an initial public offering (IPO) of Arm.
And on March 14, 2022, the major British media Telegraph reported that 'CEO Rene Haas of Arm has notified employees of staff reduction.' According to media reports, staffing will be targeted at business locations in the United Kingdom and the United States, affecting 12-15% of the world's workforce. Telegraph pointed out that the company has 6,400 employees, including 3,500 British employees, so up to 1,000 people will be subject to restructuring.
An Arm spokeswoman said about staffing: 'Arm, like many other companies, continually reviews its business plans to strike a good balance between opportunities and costs. Unfortunately, this process is a global process. It also includes a staff reduction plan for employees, 'he said, acknowledging the existence of a staff reduction plan.
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