For those who already received the call invite - I hope you all end up happier, with better jobs and better pay.
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Waaar of the world for the third time is now in the second innings as the Midddleee Eaaaast joined the chaos. Everyone looking at the Faaaaar Eaast to join the chaos sooooon. First innings is still ongoing in Europe.
Stack up the yellow metal. Stock up on emergency supplies and rounds. Don't worry too much about layoffs. Not good for you soul.
If customers are happy still running 6.5 and are being forced to renew at 10x, then there is no real need to keep many people around. Customers will make minimal upgrades and then invest in moving to alternatives. Most customers would do fine with free alternatives and the support ecosystem for free alternatives will develop. This is just a short term Privatex Equityx extraction play.
The main architect of VMware has been fired long time ago. Now many more architects have been fired.
VMW had 36K employees before acquisition - down below 13K now, far less than half. Target is not numerical, rather minimal # of people required to make PROFIT for company and themselves. It's squid game - you get klled off or survive richer than before, that simple, that's "the way"
After the crash, even if they don't cut, the employee cost to the company goes down a lot. Probably they need to keep the sheeple sleeping until the crash. In the mean time the insiders will cash out as much as possible and diversify into safer investments.
They will cut after the bubble pops. Then you can't sell your stockx at the top. Don't scare the sheeple. The fall will be sudden. Most people will be homeless. Hedge funds are ready to buy up the distress homes. Buffett has 350 billion waiting.
Only a few people
Most companies are doing this. They have these ghost openings for renewing visas. If you need to renew visas then you need to show that you tried to recruit and did not get the specific skill sets in the market. Hopefully this scam is going to end soon with Trump. They are revoking visas like they are going out of fashion.
They have been recruiting for one opening for 6 months. I referred at least 10 of my friends. A couple of them were interviewed. The position is still open. Either they want to fake openings so that they can keep firing and keep renewing visas, or they want to give the fake perception that when they are hiring they may not layoff anyone. Its a deep deep rabbit hole. The matrix. Never seen such a mind faaaak in my life. Hold your nose and collect the cash.
Newsom goes to China often. Xi came to SFO. California is a state run by CCP. Broadcom can do whatever they want. Don't expect any checks and balances. It will start with riots (like BLM) then plandamic and then shutdown. Broadcom will have 5 days working from office all through.
They tried to sell VMware to AWS. Then GCP. Then Azure. No one took a bite. Then they have this privatex equityx roll up end game. Extract 45 B cash in the acquisition. Then burden all that money on the company as debt. Extract interest. Hollow out. Collapse.
See how the system is cooked/rigged. MF HT never releases layoffs list to general public. I can't find it in https://layoffs.fyi. Entire acquisition was a sham. democrats made millions along with ccp politicians. Trump must investigate.
Around 1000 engineers. Over 45 mostly.
Managers are fine. Even those with just one or two reports. Looks like the fat protects the fat and only cuts the muscle. As you try to cut a fat company, most of the muscle gets cut first. Then they keep trimming the remaining muscle until it is pure fat. Anyway not much happening. Just extort the customers who are running 6.5 version for the past decade. Force them to upgrade to a version with subscription. Harass them until they turn over and flee to alternatives. Ultimately cut everything. The fat cats will make millions in a couple of years. Everyone else can find other jobs.
@fe same for managers?
The zoom webinar was short and sweet. 5 minutes. Nice thank you for people who have been working for 20 years in VMware.
@f6 love to see head count reduced to 7k quickly. my stocks value is very important.merge with omnissa to make vmwssa and then scrap it.
Round 1 - cut below 35 software engineers
Round 2 - cut above 45 software engineers
Round 3 -
Round 4 -
Looks like 35 to 45 is sweet spot for software engineers. Several surgical slices later this will narrow further. That should be ideal to keep the lights on for a couple of years. Most customers will transition out and the employee count will ramp down accordingly. If you are in India or Bulgaria, then it is probably OK for now. Above 45 software engineers should look for pre-retirement planning. Not much out there for above 45 software engineers.
Roughly 300 from VCF team
Everyone is subject to termination at any time in the name of profits. Don't you people listen to HT? He tells you that quarterly. The way it has worked for years now is that acquired customers will be bled until they can't and then Broadcom will move on to the next shiny new object to draw in investors. If you think Broadcom cares about it's employees or its customers you are lying to yourself. Broadcom is the ultimate money su-king / money making machine for the board, senior leadership, and the largest investment firms. It looks like posters on this board need to be reminded continuously that employees are nothing more than a disposable asset rearranged quarterly to make future numbers without regard to long-term impact. Those RSUs that the employee clingers like to talk about on this board are the bribe/blackmail that keeps them compliant and clinging on. I would suggest clingers that you cash those RSUs out at every opportunity and stash the cash because everyone is disposable and you will eventually be gone.
Any idea how many people they want to cut?
The end goal is to cut everyone.
Which location?
5 people
There was minor cut. 50-60 people in my team but only 2 were impacted
They cut a lot. I've talked with at least 3 people cut today. They do them in small waves. Seemed like a lot of VMware originals. Sad day.
no one, it is all bs here. No layoffs chill