https://www.theregister.com/2022/03/15/arm_job_cuts/ [user] [user] Sign in The Register(r) -- Biting the hand that feeds IT [magn] [burg] [burg] Topics Security Off-Prem All Off-PremEdge + IoTChannelPaaS + IaaSSaaS (X) On-Prem All On-PremSystemsStorageNetworksHPCPersonal Tech (X) Software All SoftwareAI + MLApplicationsDatabasesDevOpsOSesVirtualization (X) Offbeat All OffbeatDebatesColumnistsScienceGeek's GuideBOFHLegalBootnotesSite NewsAbout Us (X) Vendor Voice All Vendor VoiceAdobeAmazon Web Services (AWS) MigrationCofense EchoworxGoogle CloudGoogle Cloud's ApigeeGoogle WorkspaceNutanix Rapid7SophosVeeam (X) Resources * Whitepapers * Webinars * Newsletters Situation Publishing * The Next Platform * Devclass * Blocks and Files Get our Weekly newsletter [systems] Systems Arm to drop up to 15 percent of staff - about 1,000 people Move along, nothing to see here, totally not slimming down ahead of IPO - or a second IPO in China Simon Sharwood, APAC Editor Tue 15 Mar 2022 // 05:08 UTC 41 comment bubble on white --------------------------------------------------------------------- 41 comment bubble on white # reddit Twitter Facebook linkedin WhatsApp email [https://www.theregis] Copy Chip designer and licensor to the stars, Arm, has reportedly dropped around 1,000 workers onto unemployment queues. An email to staff from Arm CEO Rene Haas, seen and reported by the UK's Daily Telegraph, states: "To stay competitive, we need to remove duplication of work now that we are one Arm; stop work that is no longer critical to our future success; and think about how we get work done." Haas, who has been in the chief exec's chair for about a month, added Arm needs "to be more disciplined about our costs and where we're investing." [systems] "I write this knowing that although it is the right thing to do for Arm's future, this is not going to be easy," he added. [systems] [systems] Between 12 and 15 per cent of staff will be let go as a result globally. The biz employs 6,400 worldwide. Arm spokespeople are having none of that, preferring a message that the redundancies are a regular trim of the sort a prudent business conducts from time to time and in no way a sign of any malaise or change in strategy. [systems] Of course, Arm has had a change of strategy forced upon it by "significant regulatory challenges" that saw Nvidia call off its proposed $66 billion acquisition of Arm. SoftBank, Arm's owner, responded to that setback with a plan to float the chip design firm by March 2023. That gives Arm plenty of time to get this round of redundancies done, let the unpleasantness fade, and write a prospectus that features a lovely low cost base. Investors in new floats generally admire balance sheets that hint at strong future profits. Lowering costs ahead of an initial public offering is therefore an oft-deployed tactic. * 'We gave it our best shot' Nvidia CEO tells Wall Street after failed Arm deal * Working in Arm's engineering team? You're probably happy with your pay rise * Better CEO is 'taking time off' after firing 900 staff on Zoom In Arm's case, this move may not be so well received if the firm sheds staff involved in product design or development. The planet is not exactly flush with such folk at present, and much of Arm's appeal to investors lies in its deep technical expertise. It is therefore likely that most of the redundancies will be staff not directly involved in Arm's core activities. Arm China, meanwhile, is contemplating a float of its own. The rogue Arm outpost, which is led by CEO Allen Wu and majority owned by Chinese entities, has become something of a problem for Arm because Wu was fired but has managed to retain his position. The CEO told The South China Morning Post that Arm China has set its sights on its own float in 2025. [systems] Given the plentiful global weirdness of the last two years - the COVID-19 pandemic was declared on March 11, 2020 - planning anything three years into the future seems rather optimistic. (r) Get our Tech Resources # Share reddit Twitter Facebook linkedin WhatsApp email [https://www.theregis] Copy 41 Comments Similar topics * Arm * China * Semiconductor * Softbank * Tech Jobs Broader topics * APAC Narrower topics * Apple M1 * ASML * Broadcom * China Unicom * Cyberspace Administration of China * Great Firewall * Hong Kong * NXP Semiconductors * RISC * Semiconductor Manufacturing International Corporation * Semiconductor Memory * Uyghur Muslims Corrections Send us news --------------------------------------------------------------------- [systems] Other stories you might like * OpenSSL patches crash-me bug triggered by rogue certs Bad data can throw vulnerable apps and services for an infinite loop Brandon Vigliarolo Tue 15 Mar 2022 // 20:40 UTC comment bubble on black A bug in OpenSSL certificate parsing leaves systems open to denial-of-service attacks from anyone wielding an explicit curve. The vulnerability stems from a bug in the BN_mod_sqrt() function, which the OpenSSL team said is used to parse certificates that "contain elliptic curve public keys in compressed form or explicit elliptic curve parameters with a base point encoded in compressed form." As it turns out, all you need to do to trigger an infinite loop in BN_mod_sqrt() is hand an OpenSSL-based application or service a certificate with invalid explicit curve parameters. This parsing happens prior to verification of the certificate's signature. Slip a bad certificate to any app or server using BN_mod_sqrt() to parse certs, and the software will get caught in the loop and stop working. Continue reading * Microsoft Azure DevOps revives TLS 1.0/1.1 with rollback Planned deprecation didn't go as planned, cloud biz aims to try again at the end of March Thomas Claburn in San Francisco Tue 15 Mar 2022 // 19:24 UTC comment bubble on black Microsoft's Azure DevOps team has undone the deprecation of outdated Transport Layer Security (TLS) that occurred at the end of January because of unspecified "unexpected issues" that arose following the change. Last November, Rajesh Ramamurthy, director of product management for Azure DevOps, announced plans to phase out support for TLS 1.0/1.1 because of the risk of protocol downgrade attacks and other TLS vulnerabilities outside Microsoft's control. TLS downgrade attacks aim to turn strong, more recent versions of TLS into weaker, earlier versions of the protocol to facilitate further exploitation. Some have jolly names like POODLE (Padding Oracle On Downgraded Legacy Encryption) [PDF] and SLOTH (Security Losses from Obsolete and Truncated Transcript Hashes); others aim to be a bit more alarming with monikers like FREAK (factoring RSA export keys) and Logjam. Continue reading * SentinelOne pays $617m for identity biz Attivo Networks Security consolidation du jour Jessica Lyons Hardcastle Tue 15 Mar 2022 // 18:45 UTC comment bubble on black SentinelOne reached a $616.5m deal to buy identity security vendor Attivo Networks, the companies announced today. According to the endpoint security firm, acquiring Attivo will bring identity threat detection and response to its extended detection and response (XDR) tech and expand its total addressable market by about $4bn. "The shift to hybrid work and increased cloud adoption has established identity as the new perimeter," SentinelOne COO Nicholas Warner said in a statement. He called identity threat detection and response "the missing link" in XDR and zero-trust security. Continue reading * UK Supreme Court snubs Assange anti-extradition bid Home Secretary ponders putting WikiLeaker on one-way US flight Gareth Corfield Tue 15 Mar 2022 // 18:02 UTC 14 comment bubble on white Julian Assange has all but lost his fight against extradition from Britain to America after the UK Supreme Court said his case "did not raise an arguable point of law." The former WikiLeaks chief's future now rests in the tender hands of British Home Secretary Priti Patel, who must formally decide whether or not to extradite him for trial in the US. American prosecutors want the Australian in court over a multitude of espionage charges, including one alleging that he commissioned the cracking of a password protecting US Department of Defense files from unauthorized access. Continue reading * Huge DDoS attack temporarily kicks Israeli government sites offline A state of emergency is declared as officials assess the damage and look for culprits Jeff Burt Tue 15 Mar 2022 // 17:12 UTC 1 comment bubble on white A massive distributed denial-of-service (DDoS) attack forced Israeli officials Monday to temporarily take down several government websites and to declare a state of online emergency to assess the damage and begin investigating who was behind the incident. In a tweet, the Israel National Cyber Directorate said it had detected the DDoS attack against a communications provider and that several websites had been taken down, though all have since resumed normal activity. According to internet watchdog NetBlocks, the attacks targeted Israeli telecom providers Bezeq and Cellcom and hit multiple networks run by the companies. Continue reading * Vultr aims at the big clouds with new virtual machines Rolls out first Epyc products the same week Google announces cloud infra price rise Dan Robinson Tue 15 Mar 2022 // 17:00 UTC comment bubble on black Cloud hosting provider Vultr has expanded its portfolio of cloud infrastructure with an new range of high-performance virtual machine instances, including its first products based on AMD Epyc processors, all with NVMe SSD storage. Vultr, which has data centers across North America, Europe, Asia and Australia, said it was aiming to appeal to cloud customers looking for an alternative to the big platforms. This may be particularly relevant given Google's recent price changes that may see customers paying more for the same services. The firm's compute platform now features three discrete product lines: Optimized Cloud Compute, Cloud Compute, and Bare Metal. Optimized Cloud Compute is entirely new, while the Cloud Compute lineup is refreshed with this launch. Continue reading * AMD unveils first CPU with 3D V-Cache tech, cheaper Ryzens Sub-$299 Zen 3 desktop chips throw wrench into Intel wheelhouse Dylan Martin Tue 15 Mar 2022 // 16:31 UTC 7 comment bubble on white AMD is doling out a handful of new Ryzen desktop processors, including the first to use the chip designer's 3D die stacking technology. The eight-core Ryzen 7 5800X3D, which has an extra die of cache fused on the top, will debut April 20 with recommended customer pricing of $449, the company announced Tuesday. That is the same price as the vanilla Ryzen 7 5800X, which lacks the aforementioned AMD 3D V-Cache technology, when it debuted in the fall of 2020. AMD said gamers can expect an average 15 percent performance boost for various PC titles when compared to its 2020 flagship CPU, the 16-core Ryzen 9 5900X. The Ryzen 7 5800X3D CPU, which AMD is calling the "ultimate gaming processor," comes with a 4.5GHz boost frequency, a 3.4GHz base frequency, and a 105W thermal design power. Continue reading * Germany advises citizens to uninstall Kaspersky antivirus Nation's cybersecurity agency has doubts about Russian firm's reliability Gareth Corfield Tue 15 Mar 2022 // 16:00 UTC 31 comment bubble on white Germany's BSI federal cybersecurity agency has warned the country's citizens not to install Russian-owned Kaspersky antivirus, saying it has "doubts about the reliability of the manufacturer." Russia-based Kaspersky has long been a target of suspicious rumors in the West over its ownership and allegiance to Russia's rulers. In an advisory published today, the agency said: "The BSI recommends replacing applications from Kaspersky's virus protection software portfolio with alternative products." Continue reading * Intel to plow EUR17bn into chip mega-factory in Germany x86 giant also expands manufacturing in Ireland, plus R&D and packaging across Europe Agam Shah Tue 15 Mar 2022 // 15:31 UTC 16 comment bubble on white Intel has laid down its grand plans to build chip factories in Europe, which will start with a EUR17bn ($19bn) mega-site in the city of Magdeburg, Germany. The x86 titan on Tuesday said the facility is part of a EUR33bn ($36bn) investment in manufacturing, research and development, chip design, and foundry services across Europe. The cash will be used to expand operations in Ireland, open an R&D and design hub in France, and spin up manufacturing, foundry, and packaging services in Italy, Poland, and Spain. "Today 80 percent of chips are produced in Asia," Intel CEO Pat Gelsinger said during a webcast to announce the European investment. "Our landmark pan-European investment addresses the global need for a more balanced and resilient supply chain." Continue reading * Russian demand for VPNs skyrockets by 2,692% Virtual iron curtains are a lot harder to keep free of holes Brandon Vigliarolo Tue 15 Mar 2022 // 15:30 UTC 18 comment bubble on white Research by Top10VPN, which regularly publishes data on virtual private newtork (VPN) usage around the world, has highlighted unprecedented demand in Russia and Ukraine. VPNs, of course, create private tunnels that obscure what someone does online and allows a connected machine to appear as though it's located in a different country. This explains the massive surge, especially in Russia, where access to popular social media sites and news services have been cut off. "VPN demand was resurgent in Russia going into the weekend of March 12-13 as the Russian authorities banned Instagram in retaliation for parent company Meta permitting calls to violence against the Russian military to remain on its platforms," Top10VPN's Simon Migliano wrote. Continue reading * Telecoms growth forecast for 2022 may be optimistic Analyst view: 4Q21 drop plus strains from war mean component shortages drag on Dan Robinson Tue 15 Mar 2022 // 14:59 UTC comment bubble on black The telecoms kit market had a good 2021 with revenues close to $100bn, up more than 20 percent since 2017, but growth is now slowing, according to analyst Dell'Oro Group. Huawei is also starting to feel the effect of sanctions, but still leads the global market by a fair margin. However, the Dell'Oro Group's prediction of slightly less growth for 2022 may turn out to be optimistic amid warnings that the Ukraine war is already having an impact on the fragile supply chain recovery. Dell'Oro's analysis is based on the telecoms market sectors it monitors, including Broadband Access, Microwave & Optical Transport, Mobile Core Network (MCN), Radio Access Network (RAN), and Service Provider Router & Switch. 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