Tuesday, March 15th 2022
Arm Considering Making 15 Percent of its Workforce Redundant
After its US$40 billion deal to sell Arm to NVIDIA fell through, it looks like SoftBank is getting ready to tighten the belt over at Arm, to make the company more attractive in time for the planned stock market re-introduction. Arm is said to be looking at making up to 15 percent of its workforce redundant, which is quite a lot of people when you consider that Arm employs some 6,500 people globally. As such, as many as 1,000 people, mainly in the UK and US, are likely to be getting a redundancy notice in the coming months.
At this point in time, it's unclear which divisions at Arm will be the most affected. The official statement from Arm so far, doesn't give any hints. "Like any business, Arm is continually reviewing its business plan to ensure the company has the right balance between opportunities and cost discipline. Unfortunately, this process includes proposed redundancies across Arm's global workforce." With Intel's planned expansion in Europe, there will hopefully be a chance for some of Arm's soon to be former employees to find a job at the competitor.
Source:
the BBC
At this point in time, it's unclear which divisions at Arm will be the most affected. The official statement from Arm so far, doesn't give any hints. "Like any business, Arm is continually reviewing its business plan to ensure the company has the right balance between opportunities and cost discipline. Unfortunately, this process includes proposed redundancies across Arm's global workforce." With Intel's planned expansion in Europe, there will hopefully be a chance for some of Arm's soon to be former employees to find a job at the competitor.
46 Comments on Arm Considering Making 15 Percent of its Workforce Redundant
it was 10-15 years ago I think and was so shocked by it that I still remember.
These companies work like psychopaths. Most of them, that's why the little guy always gets stitched up.
Watch AdoredTV video ( Inside Intel :
Many of them are "lower-level" employees (check video at 01:50 ) who struggle to keep their jobs , and i suspect that these kind of lower-level employees will be among the first ones that will get :(fired from ARM. That's your own opinion and that's fine , so perhaps let me also keep my own opinion as well;)
When you start linking AdoredTV for truth I'm instantly out of this discussion ;) The bottom of the barrel is just that, I think TPU is of somewhat higher intelligent standards.
It was a UK company which has been sold to a Japanese one (Softbank). What exactly would prevent Softbank back then to do what you describe(underlined) ?
Yet , everyone didn't care about such risks during the 1st sell .
I had made many comments about the nVIDIA/ARM deal , and i won't bother to repeat myself .
nVIDIA would have thrown tons of billions in R&D for evolving ARM since it's for the benefit of nVIDIA to have both a CPU division and a GPU division being strong for the sake of their own designs( i'm referring to their recently released "Grace" DPUs )if not for anything else ,just like AMD has done since their purchase of ATi.
But nevertheless ,this ship has sailed , so let's see what will happen from now on with ARM which has already announced that they will fire 15% of their employees , everything is already seems to be much much :rolleyes:better for ARM now that is away from the - how did you put it so :shadedshu:elegantly ? - ""fucking nvidia"" :shadedshu:
They would throw billions in R&D at ARM but what motivation would they then have to license those designs to competitors instead of selling their own products? What's also stopping them from throwing billions at R&D with ARM based design (like they're actually doing namely with the new design center in Israel) It will continue doing what it did before. It's unfortunate that the new ceo decided to start his tenure with such a stupid petty thing but that's business, anyone leaving shouldn't have any problems finding another job.
2)Oh come on , that's what i wanted to avoid , repeating my past comments ... i was asked the same thing at youtube so i'll copy/paste my answer since i'm bored writting similar things :
"""""About the AMD/ATi - nVIDIA/ARM comparison , yes ,nVIDIA can use an ARM licence , but they probably are in a major dissadvantage when it comes to compete at the "producion cost" of the total package. Someone who owns their own I.P. (AMD/Ati ) can control their all-in -one solution at a cost of their choice. Obviously nVIDIA which needs to pay for a licence to a 3rd company isn't able to totally control such things ,thus they have to compete in a dissadvantage , thus just like i said , ""the regulating authorities create unfair competition"" by not allowing nVIDIA what they did allow for AMD in the past : to have both CPU & GPU I.P. at their control.
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3)signed cotracts can guarantee such things , just like the 20year(if i'm not mistaken) contract that nVIDIA currently has with ARM.
I told that many times , that's why contracts exist !!
4)I keep seeing this confidence(not only from you but from other as well) about reassured jobs , reassured payments , reassured life and i'm amazed.
If things are so easy indeed , from now on ,every time i read about fired people i'll ... :clap:celebrate instead of being sad !! let's order some bottles of :toast:champagne guys for those fired people !! their next payment is guaranteed to be the exact same or even better than their previous one !! i obviously don't have any statitics about such things , but anyone who has can share it with the rest of us in order not to feel sad for fired employees anymore
2) What does AMD/ATI has to do with Nvidia/ARM!? Did either AMD or ATI have control of an IP shared and licensed to hundreds of different companies in more than a dozen different markets?
No? Ok then...
AMD was allowed to buy ATI just like Nvidia was able to buy 3dfx (a lot more problematic if you ask me since they were direct competitors). If Nvidia wants to cut the cost of not owning their entire architecture like you mention they can go ahead and create their own, no need to "steal" the one everyone else is using (which once again illustrates the entire problem! they would get an unfair advantage and control over ARM IP that hundreds of different companies already use and depend on)
Contrary to how Nvidia tryed to frame it, this is not about Nvidia vs AMD/Intel who both control their ISA, this is about Nvidia vs the entire world who uses and depends on ARM IP - from a smartphones to cars to a freaking washing machine.
3) Because that worked so well in the past and does wonders for the future when the contract ends lol
4) I don't understand what you mean, this is not some smaller blue collar industry where jobs are harder to find and salaries are always low, we're talking leading edge semi conductor development. Like others already mentioned, they'll have a very easy time finding a new job because there's currently a MASSIVE lack of qualified people in that area, or any IT-esque area for that matter. Of course we shouldn't applaud or celebrate in any way when people loose their jobs but let's not make a drama out of it or pretend they'll have a hard time getting back on their feet when they work in the kind of industry they work in
The final comment i'll make is regarding your comparison ( nVIDIA/3dFX Vs AMD/Ati )
The AMD/Ati has tons more importance , since the regulators have allowed AMD(an only CPU company until then) to create their all-in one solution by allowing them to buy ATi's GPU I.P.
nVIDIA by acquiring 3dFX didn't expand into another sector( CPU I.P.) like AMD was allowed to do , thus this deal has much less importance than the AMD/ATi deal.
As for the underlined sentence , by paraphrasing your words ... AMD also could go ahead and create their own GPU I.P. but instead they preffered to go "steal" ATi 's I.P. that's what nVIDIA tried to do as well with ARM...
Anyway , this will be my last comment on the matter , since ,as i said it's a waste of my time to keep talking about something that won't happen ... If they wanted to control their all-in one platform cost they could make their own offer and compete with nVIDIA but they chose not to .
If they don't want to make a bid it's not something that interests me , it's their own problem...
Anyway , as i said above , i'm done talking about a failed deal , i don't care anymore...
That's not to say this deals don't pose any concerns but they are very different issues to ARM that EVERYONE depends on.
AMD also didn't steal ATI away from anybody, they continued to launch graphics cards like they did before, now under a different name. (where this argument has some legs to stand is laptops and current pseudo certifications like Intel Evo and AMD Advantage that will require more and more vertical solutions, as time goes on driving nvidia out of the market, but though concerning that's a tomorrow problem. It's also something that has been going on since forever with purchase agreements and other shady deals between all parts, no one is really a saint here)
Now the nvidia/3dfx deal was very anti competitive, they reduced competition in the market and reduced the number of companies doing that type of product.