Thread regarding Broadcom Corp. layoffs

Current VMware employee

From the Broadcom side of things, how are you all perceiving the upcoming acquisition? Do you see it as a good or a bad thing?

For our customers and us, the very idea of Hock acquiring us has caused massive upheaval, and damage to our brand, and morale.

Employees are scared, because we are all assuming we'll be laid off, even if we've received one of the rare retention RSU packages. Partners are scared Hock will jeopardize the existing business and practices, and ruin support. Customers are also scared support will all but disappear if they aren't willing to spend millions of dollars. The fear is palpable and everywhere.

We can't understand why Hock would want to pay 61 billion for a company that was already losing customers to app modernization, and all he's done is accelerate that. By the time he takes over VMware, a lot of our most talented people will be gone, customers will already be planning and/or accelerating their exit strategy. Partners will be rethinking their business models.

His reputation is so bad, he's destroyed billions of dollars in VMware's value before laying a finger on the place. I've never seen anything like it. Productivity here is in the toilet, because everyone is looking for another job or just enjoying their last months of freedom.

Even with the people Hock keeps, VMware HATES working at the office. Once he forces us all back, you will see more depart. Maybe this is all part of his plan, but how do you grow a business, when you've already started hemorrhaging employees, and customers, before you've even taken over yet?

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Post ID: @OP+1jJPL80y

16 replies (most recent on top)

I was one of those who didn't wait. I've been at a few companies that sound like the kind of company BC is- which is a super un-fun, brutal, soul-draining experience. BC has a 100% predictable pattern of what they do to literally every single company they buy, which is to dismantle, fire most of the staff, sell off all but the most profitable products, and so on and so on. As soon as I went to look at the CA site and saw that there was nothing except a Broadcom page, that was all I needed to know. So I started looking immediately and eventually landed a new job.

I will be curious how this works out. As someone else pointed out, the ink isn't even dried and the amount of damage done to the brand and its perception is significant. VMW has always been a soft and cuddly brand with a loyal customer base. Seen as one of the good guys. I cannot think of two companies more different from each other. In my opinion? This deal was not thought through. Reputation is everything and BC taking over VMW is not a good look to the typical VMW customer. The only reason this is even happening is because BC literally ran out of chip making companies to buy and strip clean and has now moved onto software companies. They function purely by acquiring other companies. This whole thing almost feels like VMW is just another company to check off the shopping list.

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Post ID: @myvz+1jJPL80y

Here is the thing...

Lots of people commenting came from the CA path. CA valued its sales team more than its engineering team. So they got the lion share of RSU grants.

Broadcom changed that. The thing is VMWare already was getting good RSU packages. its very likely the Broadcom package is even less

If you are with VMWare, run.

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Post ID: @6osk+1jJPL80y

For current Broadcom employees it doesn’t matter. VMWare will be another franchise that will work on its own merits. Well, one thing will actually make the difference - Broadcom stock should reflect the dimension of the deal very soon in a positive way.

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Post ID: @5fjk+1jJPL80y

Came through acquisition and am enjoying Broadcom. In a focused, disciplined environment that doesn't get distracted from its strategy and much bigger financial package.

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Post ID: @5xsi+1jJPL80y

I am making more than double what I was making at CA. Broadcom is tough but rewards excellence, and Pays you meeting objectives and let’s below average go. Wayyyyyy better than CA!

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Post ID: @3evc+1jJPL80y

for those VMW businesses that are sticky, and underinvested, you'll be golden. the rest m, he's busy finding new homes for the IP...

hock is hock. he'll never change from the playbook. all that sheet you read is Spin control/PR fluff to keep regulators at bay....

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Post ID: @2iff+1jJPL80y

I’ve heard some things like benefits will be untouched for a year after the acquisition. Is that true or promotions as well? Will the old process be in place or will that be allowed and then a year after it will much harder / impossible to get promoted?

Btw I am looking forward to joining the blind community with ex-ca folks. I absolutely love the posts I’ve seen here and on layoffs for ca technologies. I find the posts so well written and funny lol

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Post ID: @2thc+1jJPL80y

I joined Broadcom as part of the CA acquisition in 2018. Frankly it’s the best thing that ever happened to me, and most of my colleagues who survived the initial integration period would agree. Broadcom is lean, mean and highly profitable. Hock is a great CEO but doesn’t suffer fools. If you want to work hard and make great money this is the place to be. If you like all the typical Silicon Valley warm and fuzzy perks this is probably not the place for you.

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Post ID: @1mrk+1jJPL80y

Don’t expect a promotion or salary increase. It ain’t gonna happen.

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Post ID: @1qob+1jJPL80y

Hock runs it like a private equity firm. Only roles that make the company money are going to remain. If you are a level 4+ engineer on a money-making project, you will be fine. If you are on some bs innovation project has not seen any profit, it will be gone or sold off with any other incubation business units.

Everything is done like Jack Welch did in the 80s. It's the most negative, rule-by-fear dictatorship you can imagine. Some people actually like it because it's simple (the products are all boring and stale but they make money like mainframe from the CA acquisition). If you decide to stay, milk it for all it's worth. If you are fairly young with any career aspirations, then don't bother sticking around too long. Broadcom is only enjoyed by boomers who rest and vest.

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Post ID: @fwt+1jJPL80y

Taken from an old thread and it has been true for the last several Hock acquisitions:

First, take emotion out of the equation and realize that Broadcom's purpose is to increase its stock price as much as possible AND run a company as lean as possible with using only as many employees as needed to keep the lights on. They already have the usual staff from legal, HR, tech support, marketing, etc, so these roles will be gone. Employees are the biggest expense and this company is CHEAP!

If you have been there for a long time then you might get a large severance package (unless you're support staff who usually gets outsourced to HCL) and possibly a transition bonus. But...it's not a great job market right now so you might not even want to wait. Start looking immediately.

If you are in core engineering, then prob be ok if you are a solid senior or higher developer. These senior and principal developers will get like $200k/year just in RSUs. Your salary will not change so if you think you're underpaid now just go somewhere else for a better salary.

As soon as you are acquired, Hock gets rid of 50%. Within a year, they will get rid of almost 70% of your old company. Those who survive will get nice RSU packages, but you probably won't see all the money. It really depends how much money your company (and your role) makes them. Get used to gsuite instead of outlook and self-service IT for any hardware issue you have. They also absolutely hate work from home so get used to coming into an office every day. They don't care if you are 5 miles or 50 miles away from an office. They have badge reports and the bean counters check them daily.

Another important thing is to not trust ANY executive or managers and leaders at your company right now. They will be trying to save themselves and believe me, they already know who Broadcom will eventually terminate. Don't believe anything they tell you when they put on a fake smile. Directors and above make a ki----g in RSUs (probably double/triple the senior developers). They will throw crumbs at everyone else.

After they gut your company and a bunch of people quit, they will eventually backfill some roles and these outsiders will be making a lot more in salary and RSUs than any of you right now. Many of us from a previous acquisition who were d-mb enough to still stay are seeing new people come in that make at least 30% more in salary. The only response from leadership any complaints about comp and no remote is love it or leave.

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Post ID: @pjn+1jJPL80y

Can any Broadcom employee say what its like working at Broadcom in the UK?
As all VMware offices are near London and we have a remote UK workforce.

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Post ID: @kqt+1jJPL80y

@csu+1jJPL80y what you described is the text book definition of a virus.

So Hock is just a corporate virus? And the only people that love him, are those who profit from what the virus does?

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Post ID: @nps+1jJPL80y

So should anyone believe Hock's recent blog posts, that THIS TIME it will be different?

THIS TIME, he said he won't raise prices.
THIS TIME, he said won't sc--w over partners.
THIS TIME, he said he'll increase value by building better products.

I call BS, but everyone I've ever talked to at Broadcom says Hock is extremely honest. Maybe he's honest about layoffs, but how can he extract more profit from VMware, WITHOUT following his traditional playbook?

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Post ID: @fza+1jJPL80y

Hock Tan has one of the best records in integration companies and making them highly profitabel (financially - I do not judge culture / product quality etc.).
If VMWare had an amazing culture and the best talents and was well run as a company, then Mr. Tan would have never bought it. Think that's the realistic view on it. Of course, it's not the most comfortable truth, and that's why so many are upset, because it's uncomfortable. Btw I do not work @VMWare or Broadcom. Just an outside perspective. Just following this huge acquisition.

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Post ID: @rlu+1jJPL80y

The cow is fatter than you can possibly imagine. The inability for major customers to switch for many years will more than make up for any brain drain. Just sell the same sh-t for more with less support and cheaper labor. Is that too hard to grasp. Once there is no milk left in this cow, you buy another one. Welcome to the real world Neo.

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Post ID: @csu+1jJPL80y

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