Any news on the locations of the cuts? It looks like VMware is mostly in the Bay Area.
Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
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Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#22Next year: Tripplex, a new startup from ex-VMware employees that promises 2X the performance of any other virtualization platform and doesn't charge for "extra" features!
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Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#23Instead of leveraged buyouts, we now have layoff buyouts. Acquire firm, minimise headcount, keep lagged revenue on existing assets and IP for 5 years while reaping profits on 90% margins.
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Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#24Instead of leveraged buyouts, we now have layoff buyouts. Acquire firm, minimise headcount, keep lagged revenue on existing assets and IP for 5 years while reaping profits on 90% margins.
Same as: acquire renown company making a solid product, substitute product by something from China at a fraction of quality/cost, still charge the same for the next couple years until word has spread.
Examples?
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#25The theory is "we already have a finance, S&M, admin etc" so we will dump the other one wot we just bought. That will instantly fix up the PandL and BS and the share price will simply head north because we have dumped duplicated cost sinks. Loverly Obviously, we won't bother to compare functions and functionality now 'coz ours will be the better one, 'cos its ours. Broadcom seem to be a firm of breakers, shakers and…
So is VMware. Not as severely so, but they took apart a bunch of systems in Pivotal because they already had one. Never mind that Pivotal’s version worked and VMware’s didn’t.
Especially amusing (in hindsight) in the case of provisioning test VSphere clusters.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#26Bloodcom is ruthless. Wonder what the severance package is like
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#27[dead]
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#28I continue to find it vexing that these articles don’t include whether this is news to the employees involved. The transitional offers were, I have heard, pretty good.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#29Instead of leveraged buyouts, we now have layoff buyouts. Acquire firm, minimise headcount, keep lagged revenue on existing assets and IP for 5 years while reaping profits on 90% margins.
> 90% margins source/citation required?
A recent income statement is here (on page 6): https://www.vmware.com/content/dam/digitalmarketing/vmware/e...
tl;dr Margin (operating income / total revenue) is about 15%.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#30Any news on the locations of the cuts? It looks like VMware is mostly in the Bay Area.
“The jobs are located at VMware’s Palo Alto headquarters, which will remain open.”