I mean, it seems to be a common theme.
Do you know only 35% of granted RSUs get vested. What does this mean to employees?
The new CEO and management giving an impression that they grant a lot more RSUs to employees compare to the industry . The shocking fact is only 35% of all granted RSUs get vested. Which means many engineers get laid off or do not stay. Your RSUs... — read more
Morale
The whole point of the all hands was to ruin morale and get people to leave on their own quickly. Brilliant, diabolical move.
The New Broadcom is lead by a CEO that's going to run it like a Wall Street M&A company, and CTO that cares most about Anaheim Mighty Ducks
You realize that Broadcom Ltd (Avago) is really just a wall street company that makes shareholders happy by buying other companies and chopping it into itty/bitty pieces....hiding under a false pretense of doing real engineering. And when a... — read more
How dare you insult our great new leader?
If it wasn't for him, your RSU shares would have been worth ~$30 instead of ~$50. May he has mercy on you and let you keep your job.
Hock Tam and his slaves
Good luck with the plan of destroying this once great company
Total BS
The only people who think this buyout is good are the people in Malaysia and China. Almost everybody here in America will be replaced. There will be nothing left here in America to do except for sales. I hope Henry got everything he needed, because... — read more
America is the new toilet bowl.
Wait companies want the American people to continuing buying their Sh***y products made in China that don't last more than a month once you bring it home. People in America are the hardest working people in the world and to send jobs overseas is blow... — read more
Transition Forum - Job Tips, Trends, and Shortcuts - Fountain Valley
Found this on open event on Eventbrite:... — read more
Irvine layoffs?
Did any engineering get cut today?
Tax attorney/filer - Orange County
Given I'm losing my job, even more so I want to make sure 2015 taxes are done correctly. Any recommendations of a tax person in orange county who is well versed in RSUs and ESPP? Most of the ones I've used in the past have been useless, and turbotax... — read more
Brand "Broadcom",
One important factor is those 2 co-founders. If they do not want to see the disappearing of the brand "Broadcom", they should do something in the new company.
2016 Cuts
It will get worse, there will be continues layoff over the year, non-stop. It is all about profit, increasing profit means layoff, profit drop means layoff, revenue drop means layoff. The last concern is technology. Broadcom used to be technology... — read more
IT Laid Off (2016)
All of IT in the US as far as I know have already received their transition letter. I have until end of June. Some though have up to a year. But everyone has pretty much their end date communicated to them. Some were already terminated this past week... — read more
Comment! It's anonymous! ???
I'll bet it's not anonymous if you're posting from a Broadcom computer.
Transition 101 -> TAA = Severance + $23k
Training India / China to do your job could qualify you, must request TAA in writing HR BEFORE signing separation agreement! Otherwise EDD will only pay 6 months instead of up to 18 months!
Transition 101 TAA = Severance + $23k Training India / China to do your job could qualify you, ask HR BEFORE signing separation agreement!
Refer to: https://www.doleta.gov/tradeact/factsheet.cfm https://en.wikipedia.org/wiki/Trade_Adjustment_Assistance https://www.whitehouse.gov/blog/2015/06/11/trade-adjustment-assistance-what-you-need-know Doesn't cost Broadcom nor Avago a dime more... — read more
Any planned cuts in UK?
Is a redundancy planned for UK?
wifi apps team is the most corrupted organization in broadcom.
a large number of mangers abuse business expenses to get bribes from their direct
Transition job is like a contractor job...
The only difference is that you are not paid like a contractor at double/triple than a regular full-time employee.
Severance Pay
How soon do we get our severance packages? Are there any conditions?
transition is not layoff
i have been given 17 month transition and I am told that if a full time employee leaves I will be given that position! so transition is not layoff according to me.
Notice in WARN
For a large layoff employers in CA are required to file a WARN with the state 60 days prior to the layoff. There is nothing listed here under Broadcom or Avago (link below). A large layoff is > 50 employees for a more than 75 person company... — read more
Welcome to the greater depression
This is just the beginning.. Good luck finding another matching job (unless you're willing to move to low cost centers)
What are Broadcom's largest locations
I'd like to start separate threads on each one of them - would you please list them
What do you like and dislike about Broadcom?
Honest responses only please
Transition plan is a trick to save money
Transition plan is a trick to save money? Most of the people on transition will be leaving earlier than the end date when they find a suitable job and end up loosing both bonus as well as severance.
Bluetooth Group Decimated
But some will stay up to a year. Many will leave soon
Move to India along with cut in Pay?
The cost of living is very low......It's not that bad....
Trust your Fellow workers?
Watch out! It's time for back stabbing...Low blows....to keep your position. Avago will be looking for people with attitudes.......................
Feb 1, cl(h)ock starts ticking
Hearing that transition timelines have been determined and will be communicated Jan 11. Hold on to your nuts boys and girls.
What is going to happen with this huge new BRCM campus being built ?
I pass by it daily. Is BRCM really gonna use all of this campus or are there plans to lease part of it out ? Seems too big for an Avago division now. I also heard the rumor that Avago plans on changing the name to BRCM ? ex-BRCMer...
The likelihood of layoffs in Irvine or the US in general is high.
From what I gather from folks around here, there one in three might face the axe. Avago and its high margin business strategy pushes most of the work to low cost countries like India and they are moving their headquarters from US to Singapore... — read more