Most of the job losses would be in the UK and the United States, the company said.
\"Like any business, Arm is continually reviewing its business plan to ensure the company has the right balance between opportunities and cost discipline,\" Arm told Reuters in an emailed statement.
\"Unfortunately, this process includes proposed redundancies across Arm's global workforce,\" the company said.
The Telegraph had earlier reported https:\/\/www.telegraph.co.uk\/business\/2022\/03\/14\/british-tech-champion-arm-slash-hundreds-jobs that the British technology firm was cutting jobs and the move could affect more than 600 employees.
In February, SoftBank Group Corp<\/a> shelved its blockbuster sale of Arm to Nvidia<\/a> citing regulatory hurdles and would instead seek to list the company. SoftBank<\/a> had acquired Arm in 2016.
The value of the proposed sale, which depended on Nvidia's stock price<\/a>, was originally pegged at about $40 billion but rose with Nvidia<\/a>'s stock price to about $80 billion late last year.
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