Source: Tech – South China Morning PostArm, the SoftBank Group Corp unit preparing for an initial public offering, will cut as much as 15 per cent of its workforce, part of an effort to rein in spending and focus on fewer projects.
The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, chief executive Rene Haas said in a memo to staff, according to a person familiar with the matter. The high end of that range would involve close to 1,000 jobs, but most of the cuts will not affect engineers, the…Read More