Thread regarding Broadcom Corp. layoffs

Any SED layoffs coming?

We are fed up and just want out, none of my team wants to work here anymore. You destroyed Symantec just get rid of us already.

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Post ID: @OP+16it5XTi

15 replies (most recent on top)

@9lcd+16it5XTi my job search has been easier than it was the last time I looked a few years ago, although this time I'm looking based on interesting work and don't really care about compensation as much.

After life at Broadcom I just need to have something interesting for a while, I can chase higher compensation later if I decide it is worthwhile.

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Post ID: @9gyp+16it5XTi

You can leave when Hock tells you or you can leave on your own. Make a choice. Don’t let the RSUs be your golden handcuffs. If you have backbone and the right attitude you can also leave on your own and drop the RSUs. Also in Corona times the world is full opportunities - take responsibility for updating your skills - the world outside is different I can tell you but it’s worth going out and explore ;-)

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Post ID: @9lcd+16it5XTi

If you can be laid off by broadcom and take a severance package to move on, consider youself super lucky. The people might eventually be sent over to HCL. Once there, HCL has no severance policy, and they can also change your to be hourly salaried employee with just a few days notice, and try to force you out without paying a penny.

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Post ID: @7yua+16it5XTi

I was part of the Symantec acquisition. Talented people are leaving, even the less motivated people are moving on. Som stay and complain. I don’t know a single person that is happy to be at Broadcom, but there is a feeling of gratitude that they have a job at this time.

There are more jobs out there than you think, I was expecting a really tough job search, but it’s been the same adoration of my career.

If CA people are as bad as described (doubtful) or see theMselves as being so far bad then your job search will be tough.

The one thing I have noticed from CA staff is a lack of motivation, that is also becoming more pervasive in the Symantec staff. A lack of motivation and bitterness about being at Broadcom may be visible when interviewing elsewhere. Believing you are bad at what you do and acting like a victim is keeping you down. Even people I know who let themselves stagnate and place way more value in their skills than employers do we’re eventually able to find something in recent months. COVID slowed things down a bit and resulted in some reluctantly setting more appropriate expectations but they found something new.

Even if you believe being at CA/Broadcom damaged your career, I’m sure many of you have delivered quality work in the past and had confidence.

Learn something me new skills, use what you learn to talk about how you would have changed things if the culture at Broadcom on the software side supported innovation.

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Post ID: @6maw+16it5XTi

Seriously, if people only care about whether they need to come to office or not to work, there is a bigger issue here.

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Post ID: @6vla+16it5XTi

Most people at Broadcom like to complain

Reality is all other tech companies work from home , why can’t Broadcom ??

Truth is Broadcom employers we come from dying companies like CA. We were lazy, not motivated. Least talented individuals in the industry. CA had to beg people to even interview from 4th rate foreign schools. CA had to resort to lower educated L visa to fill spots. From cheating diploma mill schools in India

Broadcom knows this and understands CA employees working from home are CA employees watching Netflix

Broadcom employees have zero other opinions. Broadcom also knows this. Contrast this with several other companies saying “100% work from home, take whatever office equipment you need oh and here is cash to buy things you need”

Broadcom treats us like garbage because we are the tech industry garbage. We can’t go anywhere. No other employer sees value in our talent. The only value we serve is knowing all the legacy parts of old dying software. Once it has been milked Broadcom will take out the garbage

Resting and vesting. Good luck

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Post ID: @6hkn+16it5XTi

@6mic+16it5XTi And go where? Not exactly a hot job market right now and quitting will cost you severance and unemployment. There are plenty of people making at or near minimum wage working in retail and health care every day, and dealing with way worse conditions. The sense of entitlement from the snow flakes here is almost beyond belief. If you're such a pansy that you can't come in and sit in your cube eight hours a day then Broadcom probably doesn't need you.

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Post ID: @6vmk+16it5XTi

100% back in office sometime in September will accelerate people leaving is my guess. people will just say f— it.

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Post ID: @6mic+16it5XTi

@2lgc+16it5XTi cleaning things up before the end of the fiscal year. People can choose whether to believe this or not, doesn't change the fact that it will happen.

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Post ID: @2qpw+16it5XTi

CA never had an official volunteer policy. But those that volunteered, including rank and file, got their day 1 term. Broadcom even accelerated our RSU if you were day 1 term. Many wanted to be on the list.

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Post ID: @2cou+16it5XTi

@2tzr+16it5XTi I'm not sure what you are talking about, as there was no offer to "take day one", at least not for rank and file employees. In fact, it was specifically stated that no one would be allowed to volunteer for severance. I do know that some people who we initially transition were allowed to refuse offers to become permanent, but that is about. I know several people that took the money and left. They were all close to retirement anyone. So they got severance plus the transition bonus.

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Post ID: @2nls+16it5XTi

Does Symantec really have better severance than Broadcom? CA we were capped at 52 weeks, broadcom is 40. Formula was the same. Most of the people with large tenure asked for the day 1 term anyway.

Broadcom also let go many CA Tech in the first year even though management said they probably wouldn’t for the first year. Then sold off many others to HCL which then let people go with just 2 weeks. Broadcom will look at the average payout let’s say 3 months. That means in just 2 quarters those savings are already being realized. The difference between Symantec and Broadcom severance is probably not enough to wait until after November

I’m in CA ESD rumor is we will be sold to HCL. I Should have taken the day 1 term.

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Post ID: @2tzr+16it5XTi

Why layoff prior to 11/4 if Broadcom is worried about severance? The purchase agreement says: Effective as of the Closing and for a period of twelve (12) months thereafter, Purchaser shall provide to each Transferred Business Employee... (iv) severance benefits that are no less favorable than the severance benefits as set forth on Section 5.6(i) of the Seller Disclosure Letter

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Post ID: @2lgc+16it5XTi

I'm in management and we want you to leave on your own so we dont have to pay severance and also legal issues are zero. There are more layoff's planned for targeted groups in late August thru October. Why wait as the severance packages are being discussed to change.

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Post ID: @yab+16it5XTi

Expect some before the end of the fiscal year. Not sure how many, attrition could mean the layoff is quite small and there are other ways to meet headcount targets such as moving people to other teams which I believe has already been happening, but there will be some people let go.

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Post ID: @ado+16it5XTi

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