General consensus is that the CORPORATE depts like HR, Legal, accounting, corporate marketing etc will go.
BU's also will get the cuts. Which BU's will get what % cuts?
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That is a fair assessment.
I was part of a Broadcom acquisition. Before being acquired that layoff list was in place, 25% across the board. We let go people that were critical to our success. Guess what, no impact. Your definition of critical changes and it really shows you really don't understand your business and have lots of people doing stuff that doesn't matter. All management operates like Amway. You move up by adding people under you.
@nya+1hoN8Jsn
Just so you now, the Product Marketing and Product Management are under the "Products and Engineering' category.
They are treated as engineering - or very close to it.
How about professional services? Anyone has a guesstimate?
It would not be wise for Broadcom not to invest in SASE/SD-WAN/Edge Compute.
They are the future.. I don't mean futuristic :-)
They are already here.. and CSPs/enterprises alike, are committing to these markets/technologies.
VMware SD-WAN is high in market share. It has good revenue but not really high. The total SD-WAN market is $2 billion and SASE is another $2 billion. VMware SD-WAN has about 18% of the market. VMware SASE is not ready for prime time. They OEM CWS and are lacking a cloud firewall. Broadcom could put their security products into VMware SASE and make it better. The thing is that running the SASE platforms as SaaS is a big commitment after you have invested in platform development. We will see what they decide to do. It's 50/50 at this time in my opinion.
@hce+1hoN8Jsn
But in terms of revenues, SD-WAN/SASE is small. If Broadcom sees as a potential ( the % increase in sales and CAGR of that market), then it can be viewed as important.
VMW's SD-WAN can be integrated with Symantec's security to create solid SASE offering.
It all depends on whether Krause/Hoc want to invest.
One thing is for sure though - the revenue numbers for BU, do not justify the # of employees.
@nya+1hoN8Jsn
SD-WAN/SASE of Velo is #1 or #2 in market share. Hock Tan likes to be #1 or #2 in the market for a given product. So unlikely that that BU will be completely gone. But yes, the 40% cuts across the BU including engineering, product marketing and product management is in the cards.
Worst that can happen to that BU is it will be sold but they may retain most of the people before selling.
On the Sales side is it fair to assume all of inside sales org (c2) , commercial field (c1-private/small public and healthcare) field(core/specialist/SE) and the most of the Global 1500 layered BU specialists are toast?
Meaning Global 1500 field core sales and SEs with BU engineers are safest.
Broadcom also has edge products. So is the Edge compute product line from VMW needed? hmm.
50% total cuts on day 1. Corporate functions 80%. BU's 40%. Within BU's - engg 30%, marketing/prod mgmt 50%. Fluff marketing 80%, program management - 50%.
Vulnerable products/BU - Tanzu, CB.Safer prods - core.
SASE/SD-WAN - somewhat vulnerable because Symantec has SASE (but no SD-WAN). So overall still 50% cuts across that BU. Telco Cloud - Strategic but bloated in resources. Edge Compute - Strategic but not much revenues. But big revs pipeline(?)
Every BU will see cuts. Every function will be cut. This nonsense of all of engineering is safe is not accurate. Engineers will be cut, but typically they will not be as deep as other functions. Assume 30% of them will go as they are a big expense and the cost savings can’t be realized by only cutting HR and Marketing.