Arm China, the jv Arm has with Chinese investors, has laid off 90-95 employees citing a challenging business outlook, says Reuters.

It could also be due to a clearing of the decks before Arm’s planned public offering later this year.

Reports say that most of the layoffs cane from the R&D department.

Before the layoffs, Arm China had about 700 employees.

When Arm laid off 15% of its global workforce last year, Arm China was unaffected.

“Arm China is a separate company from Arm Ltd, and while we cannot comment on its personnel decisions, we do not expect any disruption to our business in China which continues to remain strong.”

Arm has a minority stake in Arm China which acts as an exclusive distributor of Arm licenses in China.

China collects China-sourced royalties and revenues for Arm.

By: DocMemory
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