ARM hires 1,000 staff after SoftBank buy-out

Hiring spree is the first step in SoftBank's pledge to double UK staff

ARM has hired more than 1,000 new staff members worldwide since it was taken over by SoftBank last year, with a large proportion of these UK-based employees.

The figures provided by SoftBank's UK Takeover Panel suggest the number of employees in ARM's UK operation rose from 1,749 to 2,173, while in the rest of the world, its workforce increased from 2,220 to 2,845, bringing the total number of new staff to 1,049.

This is part of SoftBank's quest to build ARM's presence in the UK, fulfilling a commitment made when it lodged its takeover bid last year. At the time, SoftBank said it would double the number of staff in both the UK and worldwide and although there's still a fairly large recruitment campaign to go in order to hit that number, it has certainly made a dent in fulfilling its promises.

The terms were set out in the UK's new Takeover Code, which have been designed to prevent foreign companies buying up UK businesses and then withdrawing support in the country. Japanese company SoftBank has promised it's committed to the UK and would report what it's done to adhere to the code every year.

Although some of the employees now listed as ARM's were transferred from SoftBank, this is still within the rules set out in the UK's Takeover Code.

In SoftBank's latest report about how it's changed ARM since its acquisition, the company revealed it continues to operate the business from its UK headquarters in Cambridge and it has opened two new offices in the city.

"This progress on undertakings illustrates not only SoftBank's ambition to develop ARM into one of the leading global technology companies, but also its commitment to UK jobs and research and development," a spokesman said.

Featured Resources

BCDR buyer's guide for MSPs

How to choose a business continuity and disaster recovery solution

Download now

The definitive guide to IT security

Protecting your MSP and your customers

Download now

Cost of a data breach report 2020

Find out what factors help mitigate breach costs

Download now

The complete guide to changing your phone system provider

Optimise your phone system for better business results

Download now

Recommended

Parallels Desktop 16.5 review: Windows comes to Apple Silicon (sort of)
virtualisation

Parallels Desktop 16.5 review: Windows comes to Apple Silicon (sort of)

19 Apr 2021
Arm launches its first new chip architecture in a decade
artificial intelligence (AI)

Arm launches its first new chip architecture in a decade

31 Mar 2021
Should we stop selling the crown jewels of tech?
mergers and acquisitions

Should we stop selling the crown jewels of tech?

10 Oct 2020
Is Nvidia’s takeover of Arm a threat to the UK tech industry?
mergers and acquisitions

Is Nvidia’s takeover of Arm a threat to the UK tech industry?

1 Oct 2020

Most Popular

KPMG offers staff 'four-day fortnight' in hybrid work plans
flexible working

KPMG offers staff 'four-day fortnight' in hybrid work plans

6 May 2021
16 ways to speed up your laptop
Laptops

16 ways to speed up your laptop

29 Apr 2021
How to move Windows 10 from your old hard drive to SSD
operating systems

How to move Windows 10 from your old hard drive to SSD

30 Apr 2021