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ARM headcount is up by over 1,000 employees since SoftBank buyout

Posted on Tuesday, October 10 2017 @ 13:23:22 CEST by

arm logo
Over a year ago, SoftBank finalized its $31.4 billion acquisition of British chip designer ARM. At the time, SoftBank said it would double the UK staff and the Japanese telco seems to be making good on its promise as it went on a hiring spree. The promise was a legally-binding pledge under the UK's Takeover Code.

The ARM UK workforce rose from 1,749 to 2,173, while the number of employees in the rest of the world increased from 2,220 to 2,845. In total, ARM has hired 1,049 employees since its buy-out. Some of these new employees were transferred from SoftBank, but that is allowed by the UK's Takeover Code.
This is part of SoftBank's quest to build ARM's presence in the UK, fulfilling a commitment made when it lodged its takeover bid last year. At the time, SoftBank said it would double the number of staff in both the UK and worldwide and although there's still a fairly large recruitment campaign to go in order to hit that number, it has certainly made a dent in fulfilling its promises.
Via: IT Pro



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