ARM set to cut 3% of jobs, imposes pay freeze

Peter Clarke, eetimes.eu
(02/04/2009 7:50 AM EST)
 
LONDON — ARM Holdings plc (Cambridge, England), a licensor of processor-related intellectual property, is looking to cut about 3 percent of its workforce and has imposed a pay freeze from Jan. 1, 2009, company executives told financial analysts Tuesday (Feb. 3).