Thread regarding Broadcom Corp. layoffs

If you are commissioned sales then you will feel the golden handcuffs of pay all your previously earned commission back to Broadcom if you leave with the FY…… As others have said they will cull 80% of your colleagues without doubt. It does not matter how necessary someone is to the business they will cut you by 80%.

Don’t complain that you can not support your clients, you will lose almost all the support capability you have, if you customers are not in the Hock Ta-g sweet spot then they will be treated like cr-p until they leave, by providing inadequate support, little ability to renew or extend their licenses. do not complain up the chain, there is no point as when a decision is made there is no ability to change this regardless of customer so do not waste your time.

Broadcom Sales Operations is misnamed, it should be titled “sales intervention” their processes to “upgrade” will be irrespective of what your customers need.

No job satisfaction but pay was amazing until the hammer fell and I didn’t jump in time!

You are BONED…. Either bend over, touch your toes and take it with a smile…or start looking posthaste..

If you work/worked at AppNeta, shine up that resume. Broadcom loves dumping everyone. In the 3 years since the CA acquisition, they've gone through multiple huge rounds of layoffs, laying off entire job titles, departments, offices, etc. Don't get too comfortable there unless you are best buddies with the big bosses.

Money is great. Work environment is OK (if you have good people around you). Hammer is going to fall regularly.

If you decided to stay, treat it like a war. Don't get attached to anyone or anything. Don't get emotionally invested, that includes in projects, customers, ideas...

Everything and everyone is on the chopping block at one point or another.

Do not work hard, do not push others around you to work hard, and you may even be happy here.

Broadcom is cold, hard financial math. Pure profit maximization at expense of everything else. I mean everything!

Look forward to a hard choice that you (as a person) and you (as a team) will have to make.

Ex-CA Technologies employee here, engineering ICB (you will learn soon enough that ICB means, basically, "not a manager" :), giving you a gist of pluses and minuses:

That big plus: $. To expand: in three years I've earned enough dough to purchase a really decent apartment in my place of residence (not that I bought it, I prefer to rent). The dividends I'm getting every 3 months are already enough to pay for my rent (so I, basically, have zero accommodation costs). No base salary increases for two years (and the one in the first year was ~2%), but can't complain, at the end of the month I'm always left with ~1k USD that goes straight into my investment p-t.

That big minus: zero touchy feely "cultural-y" "personal development-y" "work hard play hard-y" "team brunches" "team buildings" fluff. You are bought (see the plus section above). No Google-like "personal projects", no tech certifications, no new ideas, features or tech stack, unless there is a customer willing to pay a garbage truck full of money for it (which does not happen often). "Our culture" dictates you have to work from your office every day, don't even dare utter the word "hybrid" in here. See the rest of the details in the other answers (which are perfectly correct btw).

You will have to make this informed choice: stay, or leave?

If "stay", kiss whatever bottom you can to get a last minute promotion (it will maximize your earnings and you will not get another for a long time), grab whatever swag, gear, stuff you can legally get before the acquisition (no branded flannel hoodies for you afterwards, believe you me), and batten down the hatches. Enjoy your Benjamins and that warm, giddy feeling that, at long last, you found a buyer for your soul.

If "leave", stop reading this post now and start updating your CV. You may postpone starting to apply to new positions until tomorrow morning.

P.S: This doesn't apply if you are HR, Legal, Payroll, Support etc. If this is the case, the choice has already been made for you, see the "leave" option above.

@OP+1ednvAYP. this was a perfect summation of what these poor souls will experience....

bottom line. market good. get out now.

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 a great job market so you might not even want to wait. Start looking immediately.

If your 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.

Within 6-12 months, they will get rid of almost 70% of your 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 google instead of outlook and self-service IT for any hardware issue you have. They also hate work from home so get used to coming into an office every day.

Another important thing is to not trust ANY executive or managers and leaders. They will be trying to save themselves and believe me, they will know very soon 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 about the $ differences is love it or leave.

Run like the devil is after you. I was part of the first acquisition and it was brutal. And by now, literally everyone in my country has been laid off, including the people that thought they would stay to grab some of the RSU's.

They will offer you a shiny package that is a pipe dream, there is no personal development and either you're bored out of your mind or you are drowning in work. Either way, Broadcom would not care.

They will pay you to do what you are doing until they no longer need you. Broadcom is all about raising the share price, and that means they need to keep acquiring new companies. They could not care less about your companies culture, values or any of that feel good stuff.

Reorganisation with the aid of cutting costs, this will be undoubtedly mean layoffs.
HR, legal and other shared services will all go. Support and sales will be rolled up into a corresponding bcom division with a significant RIF. Core engineer will survive, at least at first.

The current employees they want to keep will be offered a new contract which supercedes and invalidates your old contract terms - accept or be laid off. All other will go. Over the following two years or so there will be further layoffs as they identify areas and roles where saving can be made.
If you have decent other choices then refuse to sign the new contract and take the severance, or just leave now.

For your reference, Avago to Buy Emulex for $606 Million, cut nearly 60%.

My guess this gets rolled into WSS