An Internet of Things (IoT) company is cutting jobs at its Glasgow site after supposed talks of a deal involving US tech company Nvidia.
The firm’s UK business, semiconductor and software giant ARM, has told staff that up to 21 roles at its city centre operation are at risk, according to The Herald.
The company announced the move in July, but the proposals were “subject to a further board review, customary closing conditions, consultation with local staff representatives (where applicable) and if approved, is expected to be finalized by the end of September 2020”.
ARM says the redundancies come due to the separation of its IoT Services Group (ISG) businesses, IoT Platform and Treasure Data, to new entities owned and operated by SoftBank, leaving ARM to “deepen its focus on its core semiconductor IP business”.
Speaking to The Herald, an ARM spokeswoman said: “There will be two independent businesses, Pelion and Kiegen, under an IoTP (Internet of Things platform) holding company.
“As part of this proposed transfer, both the Pelion and Kiegen business teams are taking some steps to ensure their resources align with the appropriate level of investment including redundancies for both businesses, pending local laws and consultations,” she said. “In terms of how many jobs are impacted or locations, we are not disclosing that information.”
Cambridge based ARM has had offices in Glasgow since 2018 after the purchase of tech firm Stream Technologies.
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It was hoped that ARM’s acquisition would expand its IoT connectivity and device management capabilities. Stream has grown to 90 staff members in Glasgow under ARM’s ownership.
Reports on a £24.3 billion deal which saw ARM become part of SoftBank in 2016 stated that the Japanese company had made legal commitments to keep ARM’s headquarters in Cambridge, and to at least double its UK workforce from 1,600 in five years.
Data suggests it had grown the UK headcount to 2,742 by the latter part of 2019.