Sources say Amou Technology laid off 90 to 95 people last week, mostly R & D engineers.

Thanks to the CTOnews.com netizen Mr. Air, goodfull for the clue delivery! CTOnews.com, February 12 (Reuters)-the Chinese joint venture of Arm, a chip technology company owned by Softbank Corp. Group, cut 90 to 95 jobs last week to cope with this year's challenging business prospects, according to Reuters.

According to reports, two of the sources said that the employees who were laid off were mainly engineers in the R & D department. According to one of the sources, Arm China, which had about 700 employees before the layoffs, did not cut jobs last year, when parent company Arm Limited cut jobs worldwide, affecting 15 per cent of its employees, most of them working in the UK and the US.

However, CTOnews.com noted that according to the "core unit", the current number of employees of Amou Technology is about 1000, of which 700 are R & D staff, and the R & D products cover SOC, HPC, CPU, AI, multimedia, ISP, VPU and so on. The layoffs mainly involve two teams, SoC and HPC, and the business leaders of these two teams are also within the scope of the layoffs. The rest of the R & D team will also have a small number of layoffs. As for the proportion of compensation for layoffs, it is "Niss3".

The Chinese market has always been an important pillar of Arm's growth, while Amou Technology is the main body of Arm's business in China. However, the development of Amou has been greatly hampered by the constant struggle between Arm and Wu Xiongang, then chairman and CEO of Amou Technology, over the control of the company in the past two years. It was not until May 2022 that Amou's new leadership team successfully regained effective control of Amou.