LONDON — Having embarked on a restructuring of its physical intellectual property division (PIPD), processor licensor ARM Holdings plc (Cambridge, England) is now moving on to restructure its development systems business, according to Warren East, CEO and president.
Speaking during a teleconference for financial analysts to discuss the company's first quarter, East said that the development systems business would be restructured starting in the second quarter of 2008 and with a number of jobs to be axed by the end of the third quarter.
The company announced plans for a restructuring of its PIPD division in 2007 and moved Simon Segars, a member of the ARM board of directors and long-time engineering manager, into the position of general manager of the physical IP division. "In January some 30 positions in our U.S. operation were removed, laying the foundation here for increased efficiency. Activities at our five physical design centers has been reorganized to give us specific focus at each one," East told the analysts.
As East's commentary moved on to the development systems business, he said: "The focus within the tools division was on planning a restructuring to improve efficiency and better position that business for further growth and the plan became effective at the beginning of Q2. And, as a result, we've adjusted some product offerings in our ESL and debugger product lines and a number of positions will be removed by the end of Q3."
East did not state how many jobs would be cut, and none of the analysts asked during the question and answer session that followed.
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