Internal memo: Arm to cut up to 1,000 jobs, or 15% of its workforce in the UK and US, before its IPO; source says most of the cuts won’t affect engineers (Ian King/Bloomberg)

Ian King / Bloomberg:
Internal memo: Arm to cut up to 1,000 jobs, or 15% of its workforce in the UK and US, before its IPO; source says most of the cuts won’t affect engineers  —  Arm Ltd., the SoftBank Group Corp. unit preparing for an initial public offering, will cut as much as 15% of its workforce …