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VMware to cut 900 jobs

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Re: VMware to cut 900 jobs

#11
post #9
post #3

Earlier quoted context omitted.

and small companies don't fire people?

In big companies good people can end up being laid off because they happen to be in the wrong team/group/project and some clueless bean counter decides that's the business that needs to be eliminated. As far as large companies go it gets a lot worse than VMware though they seem to have lost direction somewhat. The problem of largeness is that decision makers are so far removed from the decision they can't possibly ma…

In small companies good people can end up being laid off because they happen to not be buddy-buddy with their boss, and there's no oversight. Or because they aren't related to the owner.

It cuts both ways, for sure.

Re: VMware to cut 900 jobs

#12
post #9
post #3

Earlier quoted context omitted.

and small companies don't fire people?

In big companies good people can end up being laid off because they happen to be in the wrong team/group/project and some clueless bean counter decides that's the business that needs to be eliminated. As far as large companies go it gets a lot worse than VMware though they seem to have lost direction somewhat. The problem of largeness is that decision makers are so far removed from the decision they can't possibly ma…

And at small companies, a boss may fire someone they just don't like personally. And not all bosses at small companies necessarily understand what their underlings do for a company.

At big companies, if it is done right, the upper level management may ask for input from 1st line managers as to who they should fire. Also, my last company, all managers had to rank their underlings, and those at the bottom had a chance of being trimmed if there were layoffs.

Many big companies will listen to those first line managers, and almost any upper-level manager is aware of their lack of knowledge about the leaves of the management tree.

Re: VMware to cut 900 jobs

#13
I shorted VMW just before the close today via puts. It was only 2 contracts and the strike price was at $90. I was going to bet more, I usually go in a position with 10 contracts, but I have some financial obligations coming up so I didn't want to risk too much.

I have a few friends that work there. They are happy, but they say that the company lacks any sense of urgency. After Maritz left and more recently Steve Herrod, there seems to be a dearth of really brilliant and inspirational people in the top positions. A lot of great engineers were lost after the 4 year post-IPO options expiration came due last year. As well, there is a lot of middle management, and lots of politics, and apparently lots of fat-cat principal engineers that stick around and do not very much.

All of this spells a recipe for stagnation. The debacle over the last year or so with licensing only cemented the idea that ESX is expensive, and Hyper-V is getting to "good enough" status.

Re: VMware to cut 900 jobs

#14
post #2

this is why I don't work for mega software corps i bet all these poor bastard devs had to do 'team building exercises', file endless TPS reports, and forced to enjoy TGIF jeans day to indoctrinate you into the company cult then it's layoff time.

i work for riverbed. before their opnet acquisition in december they had about 1600 employees. now they have more, but i don't know if the new size is supposed to be public or not.

my team building exercise was last week and it was 3.5 hours of go-karting in burlingame and a catered lunch. we had the rest of the day off. it was the first team building exercise my team did in my 12 months here, unless you count things like a halloween or christmas party.

i've never had to do a tps report. the closest thing we have would be updating our internal wiki every week with a weekly status.

we get to wear whatever the fuck we want. i got teased about going out for interviews when i wore a button-down shirt on laundry day instead of an ozzfest t-shirt with a massive screaming demon head on it (i thought it would be unprofessional; silly me). that's not to say that you get made fun of for wearing button-down shirts; i only did because i pretty much only wear t-shirts to work. i'd say about 3/4 of my team wears button-down shirts or the female equivalent. most people wear jeans. shorts are common in the summer. some people wear flip-flops year round.

the idea that all big companies are going to be bad or even just worse than small companies is just silly. yes, there's shitty large companies, but there are also shitty small companies and shitty medium companies. but that's because of a bad or incompetent management team, not because of the size of the organization.

Re: VMware to cut 900 jobs

#15
post #2

this is why I don't work for mega software corps i bet all these poor bastard devs had to do 'team building exercises', file endless TPS reports, and forced to enjoy TGIF jeans day to indoctrinate you into the company cult then it's layoff time.

Not at all. VMware was a great place to work for, at least the SpringSource division. Other than daily standups, about 90% of my time was spent doing just feature planning and development.

Re: VMware to cut 900 jobs

#16
post #10

I don't believe these people are being fired... at least not all of them. Take a look at a report from 2 months ago[1]. 600 people from VMWare are working on Pivotal, if those people don't count on VMWare's books anymore, that would be a reduction in headcount. Also, the Chicago Tribune[2] article is better than the BizJournals one. One key point in this article is that by the end of 2013, they expect to hire 1000 ne…

In another article, they mentioned that they would be hiring as well, so they expect total headcount to be 1000 more than they have right now.

They are doing a lot of expanding after they bought all the land around Hillsview, so it would be kind of bad if they started to cut really deeply, a lot of their buildings would be empty.

Re: VMware to cut 900 jobs

#17
I'm curious what business lines are being trimmed, as referenced in the article. What other lines of business (the phrasing makes me think this is externally facing business, not internal departments) is VMware involved in beyond the core virtualization biz?

Re: VMware to cut 900 jobs

#18

I shorted VMW just before the close today via puts. It was only 2 contracts and the strike price was at $90. I was going to bet more, I usually go in a position with 10 contracts, but I have some financial obligations coming up so I didn't want to risk too much. I have a few friends that work there. They are happy, but they say that the company lacks any sense of urgency. After Maritz left and more recently Steve Her…

> As well, there is a lot of middle management, and lots of politics, and apparently lots of fat-cat principal engineers that stick around and do not very much.

With the firings-by-another-name coming up, expect the politics to get nastier. We'll see the middle managers who don't do very much to turn on the ones that do, leaving an even greater dearth of brilliant coders.

Re: VMware to cut 900 jobs

#19

I shorted VMW just before the close today via puts. It was only 2 contracts and the strike price was at $90. I was going to bet more, I usually go in a position with 10 contracts, but I have some financial obligations coming up so I didn't want to risk too much. I have a few friends that work there. They are happy, but they say that the company lacks any sense of urgency. After Maritz left and more recently Steve Her…

Go figure; company goes public, company goes stagnant. Seems like a common theme in the industry.

Re: VMware to cut 900 jobs

#20
post #9
post #3

Earlier quoted context omitted.

and small companies don't fire people?

In big companies good people can end up being laid off because they happen to be in the wrong team/group/project and some clueless bean counter decides that's the business that needs to be eliminated. As far as large companies go it gets a lot worse than VMware though they seem to have lost direction somewhat. The problem of largeness is that decision makers are so far removed from the decision they can't possibly ma…

Employment is capricious in most situations.

Large and small organizations can both have politics, can see drastic restructuring when business changes or a major client makes a change (drops a product, demands a change, ...). Large companies may insulate somewhat against capricious changes, though non-operational circumstances (particularly mismanagement or liquidity crunches of the holding corporation) can cause sudden and drastic changes (Borders, UAL, American Airlines). Small companies can have cash-flow issues as well.

There's very little that's assured in life. Death and taxes you can count on.

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