Thread regarding Broadcom Corp. layoffs

Is it true more layoffs are coming this month?

I've heard from two different sources now that we might be seeing a significant round of layoffs before the end of this month. How true is this? I'm not the kind of person to get worked up over any rumor, but when it comes from more than one source, even I have to wonder what's going on.

by
| 3314 views | | 12 replies (last )
Post ID: @OP+1c9tnFj6

12 replies (most recent on top)

@vdnr+1c9tnFj6 As someone else posted, straight out of Jack Welch's playbook. That might work well in some industries, but in a mainframe software house it is basically suicidal. There are virtually no senior MF developers on the market. At least not in the three or four locations were they will hire. I've seen positions be opened for months with virtually no candidates even applying. Brain drain is going to seriously hurt this company in the next five years.

by
|
Post ID: @veli+1c9tnFj6

Yes we manage out the R3's every year and make everyone else do more work and compete against each other. Maybe HR will open the new req 6-8 months later but the work does not stop. The goal is to replace everyone with the best and you still have to pick R3.

by
|
Post ID: @vdnr+1c9tnFj6

The pushing to quit is definitely true. I believe that managers have a target to shed 1 or 2 people from their teams every year and if necessary rehire. My manager almost admitted this. The rehiring appears to be a problem - few people appear prepared to accept a role at Broadcom.

by
|
Post ID: @rfsq+1c9tnFj6

Probably something brewing, but i assume it's BAU. He has to grow company and it appears we flubbed several attempts to acquire another software company... i heard third-hand we tried an acq in 1q and it fell apart, then the SAS debacle...

by
|
Post ID: @6tfv+1c9tnFj6

I had heard of potential resizing in different BUs for alignment and strategy. From what I have heard, notices will go out sooner with last day EOFY.

by
|
Post ID: @5sxm+1c9tnFj6

any BU with consecutive quarters under the line of doom, that's where octane starts cutting, like he said in day1 , company will be run like a restaurant (if a menu item is not giving profits, just remove it)

by
|
Post ID: @1wqf+1c9tnFj6

Octane wants a leaner operation with younger, cheaper, darker , hungrier workforce brought over from third world countries

by
|
Post ID: @1ydb+1c9tnFj6

I believe they're pushing you to quit, causing less stress about a possible layoff. That's if there's no reason to get rid of you.

Could be a way not pay severance? I had a meeting about this today. The manager brought up a known personal "reason" and advised me to look for something else. This "personal reason" did not affect my performance, nor did it affect my team. It's just an uncomfortable position I'm in, affecting me and my family only.

That's mighty thoughtful --and I thank you, sir! But, if you think about it... It's a brilliant tactic to let go a lot of folks. Instead of attrition and severance payouts, it doesn't flag WARN because the people who left did it on their own volition.

Maybe I'm paranoid with this notion. But, after the meeting, I believed it made sense to leave due to my "personal reason". Then, I realised if I quit, I forfeit my severance (Manager mentioned it wasn't guaranteed after many years being here even IF I got RIF'd ---huh? what?).

I cannot speak about "performance" issues; I don't have any known problems there. My last two 1-on-1's, my manager skipped. And, past 1-on-1's talked about how I can do projects differently rather than personal goals within the company. I've never had 1-on-1's with higher managers.

What are your thoughts?

by
|
Post ID: @1tvt+1c9tnFj6

I am not here to defend octane or Broadcom in general, but have been working in this company for so long, I have to say since we are in the corner of AOP, I don’t think there will be any layoff until AOP ends and fiscal year starts in November. If you have survived this long this year, most likely you will be safe until November because you are in 2020’s AOP payroll. Most of the BU’s heads will let you stay and collect Ded-15’s bonus since you’ve earned it, and layoff will commerce at the end of Dec and early Jan, I say most of the BU’s head because there are always exceptions.

by
|
Post ID: @1yfx+1c9tnFj6

No surprise, every year after budget, standard for most large companies as they want to write off the cost before the new financial year.

by
|
Post ID: @eng+1c9tnFj6

Post a reply

: