Sell for $8, after Broadcom years prior offered $9.25 and then $11.00. In May 2015, tell the 1,200 employees this is great deal for everyone, then leave with $5 million. Benck now CEO of penny stock Lantronix. 600+ employees fired. But he has his... — read more
Has a semblance of the of the 1000+ headcount pre-acquisition stayed intact? Any of the facilities still open? For sale signs on the Costa Mesa HQ campus?
Will our ethernet still be around or with they go with brcm solutions?
Business schools will soon case-study how a company with bright engineers were run to the ground by management of yes-men with subpar technical and no market awareness. Intellectual property left in the hand of remaining management is like handing... — read more
Several positions in Costa were offered to appease some execs. Will be cleaned up when the execs themselves are chucked.
Maybe Benck can find another company he can run into the ground and then sale it off at a discount then let it get Hock'd. Or, perhaps join Carly on the campaign trail. They seem to be a match made in Tech Hell. Hopefully Uncle Jeff chokes on his... — read more
Let's show em who should be wearing the brown pants now!
Roseville site will be shut down. Everyone at Roseville will be laid off.
We've reached the end of this road. It's time to choose another.
No layoffs on Day 1, Avago. -HT
Deal close date May 4th
Do you think we will be having layoffs in Austin? I hear many rumors but if someone can confirm, that'd be great.
Its confirmed . 60% layoff. CM to be most affected. Roseville will see some disappointments too. SJ and Austin will be 'almost' intact. Note : 'Almost' Any wise person who is low in food chain would start looking for a new job by now.
to begin with
That's what I hear, I heard it will be massive
writing is in the wall
No layoff for now come back next year
Not sure how many were affected.
Where can I find info on Emulex executive salaries? Is this info public?
Has this been completed?
Best summary ever...
McClowny ran the company poorly. Activist hedge funds took control, forced CEO and board change. Company thought it was clever by enacting poison pill, but hedgies easily maneuvered themselves on the board. Emulex was paraded for sale (hence quick... — read more
Execs dumped a ton of money in Endace to make elx less attractive to head off institutional shareholder takeover. Shareholders outflanked execs and caught them with their pants down. Layoffs are the result. Enjoy.
Does anyone have more detail about 100 people let go this month?
Endace will solve all of our problems, - do not worry New Guy
Well, it seems the only safe bet in Emulex now is with Endace. They get their merit increase and were exempt from cuts and are expanding. Plus, it seems they are driving the direction of the company to focus more in the NIC space. Sounding more and... — read more