Arm to cut 'almost one thousand jobs' after Nvidia deal falls through
Arm to cut almost one thousand jobs after their deal with Nvidia deal fell through. The Cambridge-based software design company - which was acquired by SoftBank back in 2016 and designs the microchips used in billions of electronic devices around the globe - was initially set to have been bought by Nvidia in a deal worth $40 billion but it was called off back in February and now the company are reportedly set to lose up to 15% of their 6,500 staff. Chief executive Rene Haas told Reuters: "Like any business, Arm is continually reviewing its business plan to ensure the company has the right bala...