ARM will reportedly lay off up to 1,000 employees after NVIDIA sale falls through

Up 1,000 ARM employees in the US and the UK will be laid off, according The Telegraph and Bloomberg. Chief Executive Officer Rene Haas reportedly told staff in a memo that the Softbank-owned chipmaker is cutting between 12 to 15 percent of its workforce, with 1,000 being the high end of that range, as part of its efforts to curb spending.
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