Hey proxmox, maybe get off your a$$ and put out a good multidatacenter management product so that I can transfer vms/manager resources between my clusters? It's one of the few features that keeps part of my operation on vmware instead of on your product.
Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
31–40 of 133 posts
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#32Earlier quoted context omitted.
> 90% margins source/citation required?
A recent income statement is here (on page 6): https://www.vmware.com/content/dam/digitalmarketing/vmware/e... tl;dr Margin (operating income / total revenue) is about 15%.
So the parent of this comment claiming "keep lagged revenue on existing assets and IP for 5 years while reaping profits on 90% margins" is wrong by a huge amount, right?
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#33What’s the situation with Avago products? I use some of their fiber optic signal receivers/transmitters (200um-400um jacket I believe?) but now they’re Broadcommed.
Give me a quick rundown.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#34Earlier quoted context omitted.
Same as: acquire renown company making a solid product, substitute product by something from China at a fraction of quality/cost, still charge the same for the next couple years until word has spread.
Examples?
Kodak Print for one. Kodak Print was spun off into a holding company called Kodak Alaris who then sold it to a Chinese investment firm who aren't doing anything with it other than constantly increasing prices to squeeze hospitals and university labs.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#35Hey proxmox, maybe get off your a$$ and put out a good multidatacenter management product so that I can transfer vms/manager resources between my clusters? It's one of the few features that keeps part of my operation on vmware instead of on your product.
I proxmox
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#36Any news on the locations of the cuts? It looks like VMware is mostly in the Bay Area.
This article is only about California, but people were laid off everywhere. Source: I'm one of them and am in Oregon.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#37Instead 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.
Isn't that what private equity firms been doing forever?
When did Broadcom become a private equity firm? I thought they baked pies.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#38Earlier quoted context omitted.
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?
Pyrex is notorious for this. The whole brand used to be about it being borosilicate glass, but they substituted it for standard glass which - surprise - shatters under thermal stress.
Re: Broadcom to Cut Almost 1,300 VMware Jobs in California After Takeover
#39Earlier quoted context omitted.
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%.
So the parent of this comment claiming "keep lagged revenue on existing assets and IP for 5 years while reaping profits on 90% margins" is wrong by a huge amount, right?
Not if they fire almost everyone (Twitter style), I suppose.