Thread regarding CA Technologies (CA Inc.) layoffs

AR in town to reduce workforce. Tenured people to get the axe to cut costs

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Post ID: @10Mt4Pmz

9 replies (most recent on top)

Has the workforce been reduced?

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Post ID: @10Mt4Pmz-1gclm

@10Mt4Pmz-basp

That is untrue but of course could depend whether you are based in the US or Europe. In most European countries, CA had a very generous redundancy package compared to Broadcom. Broadcom pays the legal minimum.

In the UK, the package consisted of one month base salary per year of tenure capped at 12 years, plus payout of the notice period (which was probably 3 month for a lot of employees) and the automated placement at an agency that would find a new position for you (among other things, they also offered more basic consultancy around employment) and the immediate vestment of all aquired RSU's.

The legal minimum is (depending on age) around 1 week base pay (capped at £525) per year of tenure capped at 20 years.

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Post ID: @10Mt4Pmz-17bsw

What has happened after 30th October?

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Post ID: @10Mt4Pmz-17rah

It’s coming he will take questions on oct 30

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Post ID: @10Mt4Pmz-Oxht

Has AR really reduced the ES workforce?

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Post ID: @10Mt4Pmz-Eijg

I don't think the previous poster understands the redundancy agreement. You will still get the same severance after the "one year" period. The main difference in the CA and Broadcom policies has to do with the maximum number of severance weeks you can get (50 vs 52).

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Post ID: @10Mt4Pmz-basp

There will be a purge once the agreement with CA regarding the redundancy payments runs out.

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Post ID: @10Mt4Pmz-6jov

Broadcom wanted the day 1 term to bring US headcount to 2000. But we were closer to 3000. AR brokered a deal with Broadcom to get to 2000 over the next 2 years. We are already 10 months into that plan, but still closer to 3000 number. Some BUs will see increase. Others the ax. I expect the new year we will meet the real Broadcom.

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Post ID: @10Mt4Pmz-4hpv

In town where?

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Post ID: @10Mt4Pmz-ikp

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