BRITISH semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner
Japanese investment giant
At the time,
However, the
Around 18 per cent of the company's global staff have been axed since numbers peaked at 6,950 in September last year, the
Therefore, any money left languishing in cash ISAs will decrease in value in nance expert at Moneyfacts.
"It is a slow and steady process though. There was a base rate rise incomfortable sider stocks athem a good during the course of 2022.
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The chip designer announced in March that it had plans to scrap between 12 and 15 per cent of its staff worldwide, in a bid to slim down ahead of a potential float. Arm now has 2,800
ARM WRESTLE CHARLIE CONCHIE BRITISH chipmaker Arm is set to be the
BRIT CHIP FIRM TO COME UNDER POLITICAL NOT
York as the favoured destination, but political insiders have indicated the government is keen to see the firm public in
subject of a charm offensive to encourage it to list in
Arm's Japanese owner
A
Arm's dwindling workforce has hit the company at a turbulent time.
The tech giant had been undergoing a record-breaking, but contested,
The takeover would have been the largest within the chip industry to date, and eventually caught the eyes of the
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A spokesperson for Arm told City A.M. "Arm's current global headcount is in line with the needs of the business following a restructure earlier this year, and the separation of the ISG business from Arm in 2021."
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Cl blo rea MICHI A PRO Green Stanfo said "p change the mo
(c) 2022 City A.M., source