Sorry, arm. We tried 😞
Sorry doesn’t let 1k people keep their jobs Nvidia. Though it seems regulatory issues by FTC/Europe stopped the acquisition so I guess not your guys fault.
Lol look at PIPbro telling NVIDIA how to run their business.
Lmao they get to keep the $1.25bn deposit and lay off 1k people. Jesus that's a horrible look
SoftBank keep the money, it will not necessarily go to ARM
Also NVIDIA retains 20 year license
There’s probably no reason the fire 1k people. My guess is that SoftBank wants to pump up the numbers for a potential IPO.
I'm not supporting layoffs but tbh there is lot of moat in ARM especially under performing divisions like Physical IP division.
I read that they expanded crazily after Nvidia announced the acquisition as they expected to be more profitable after joining Nvidia. Some part of the layoff is unfortunately just business back to the normal.
Any news/update?
Reminder that Arm had a legal obligation to double UK headcount by the end of 2021 for the sale to Softbank to go through. Reminder that they did this by lowering entry requirements and hiring part timers. Hope those marks don't have mortgages to pay.
Got a link to this info?
This is my personal observation, so might not representative at all. My team have interviewed one candidate for G5, who failed the interview. During the interview, the candidate said he has already applied another position but failed but he still want join arm so applied our position. Then three months later, the candidate joined as a G6 in a different team. I am a bit shocked the candidate can perform as a G6 IC but he is part of us anyhow.
Nvidia can now hire them directly instead and save the acquisition cost.
Haha! Man, you are awesome 😎
DM for referral
DM for Nvdia referral
Rubbing salt on their wounds ? Nice.
Pre IPO layoffs. Typical shitty move.
Start-ups with a short vision of just planning to be aquired.
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Soon all the company will start layoff, just wait another quarter
This is soo true for roku.
I know, I am not denying, we all should better accept early