Thread regarding Broadcom Corp. layoffs

Office Closings? Shift to WFH?

So there’s a lot of activity regarding office closings and people being shifted to full-time work from home positions?

Any insiders have any insights? Just normal real estate business savings?

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Post ID: @OP+17ubhDv8

13 replies (most recent on top)

First step, close the offices, second step, employees wfh, third step, all these employees at home, fh, without w as they have been fired. Good luck guys, i'm still enjoying the octane severance.

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Post ID: @ceya+17ubhDv8

@2cfz+17ubhDv8 i think if a location was not as you call "strategic," but there were sufficient numbers of people in the area they'd either rent a smaller, cheap footprint with touchdown space (hoteling) for people to come in for a few hours, meet, and leave, ie they'd just sign in for a few hours to use desk or conf room, but would be expected to leave or if they stay for the day, only do it a few times a month.

that space would also have a small number of dedicated spots and offices.

many companies of all shapes and sizes have been doing this for decades...especially service and software firms.

there is a lot of real estate available, and as someone mentioned in the thread commercial rates are coming down in places.

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Post ID: @9pbk+17ubhDv8

hmm...i heard some nonsense a few days ago claiming that some "real estate" rationalization in the US was still going on. no details, just that a team was exploring...i can imagine they are always exploring anything that saves money so likely nothing to be concerned about.

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Post ID: @9skv+17ubhDv8

Dublin and Warsaw have closed and shifted to wfh as well.

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Post ID: @6ybm+17ubhDv8

i'm not seeing anything specific. nor have i seen any major WFH shifts other than usual levels.

i've heard there was some talk of figuring out how to expand footprint in order to have more people at lower density but that was quickly abandoned when they looked at costs. i think it's just normal rebalance,

also looks like rotation is going into January and i think we're at this rotation level through at least early summer. and maybe longer..so maybe just looking at options cause commercial real estate is cheap now.

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Post ID: @6ihz+17ubhDv8

Barcelona office is closed? What happens to support there??

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Post ID: @5esx+17ubhDv8

Melville has not been closed. It seems that they just moved some people to WFH from part of the business

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Post ID: @4nmd+17ubhDv8

Right after elections, I guess lol

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Post ID: @3lbe+17ubhDv8

@1upj+17ubhDv8 not exactly. Some offices have been completely closed down, like for instance Melville, Milano, Coimbra, Bracknell, Warsaw, Barcelona and some other. Other have been consolidated. I think probably the main offices (the ones in country capitals, or the ones more related to sales or to hardware engineering) will survive, whereas the ones for backoffice or related to software divisions in places not considered hiring hubs or strategic, will all close down eventually.

I agree it is better to have flexibility, and if possible, I went to the office but one needs a place you can meet coworkers. I am not quite sure if the closure is a forewarning that the workforce sent to work from home will eventually be let go to be replaced in the hiring hubs by cheaper alternatives.

That is for Hock Tan to decide, as every little detail in Broadcom, but we will see- I am sure- in the short term.

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Post ID: @2cfz+17ubhDv8

@1upj+17ubhDv8 Not at all. Whom ever posted this is not an employee. Yes, some positions moved to WFH, but they were people that did not have a team in the office, a position that did not interact with in office teams, or someone that lived far from the office. For the vast majority of the workers nothing changed. I doubt the numbers is enough to warrant breaking leases or even to sublease.

I initially was annoyed with Broadcom's in office policy, but I do see at least some of the benefit now. Even if people are not in every day, it is nice to be able to brain storm with co-workers in a conference room. Previously some of us would spend a half of a day in a conference room drawing on a board and bouncing ideas around. That just doesn't work on Zoom or webex.

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Post ID: @2ius+17ubhDv8

Broadcom looking to abandon rotation? What a leader! Only took a year to figure out what the rest of the industry did from day 1.

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Post ID: @1upj+17ubhDv8

covid precautions are expensive and alot of the giants are leading the way on wfh and no doubt cannot ignore this path as it is not going anywhere, here to stay

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Post ID: @1shn+17ubhDv8

It's not just normal real estate business savings. Office Closure –> WFH –> Validation of resource if required or not in the specific location –> If no then relocate the resource to cheaper locations

Remote work is remote does need to exist in the specific country unless needed.

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Post ID: @tew+17ubhDv8

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