I can imagine how good it feels not to have to stress all the time anymore. You know that whatever happens (sale or no sale) you'll be okay. I'm envious but I'm also happy for you all. Those of us who were not so lucky have to stay in this horrible limbo for who knows how long.
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Really, I think everyone should be looking for another position, whether they got an offer or not and whether the deal goes through or not.
If you got an offer and the deal goes through, that's no guarantee that your job will still be around at the end of next year. It just means that they needed you longer than they need transitional people. The likelihood that BC does a few more round of layoffs before VMware is run completely into the ground is pretty high.
Also, think about this whole M&A mess. Do you really want to work long term for a company as disorganized as BC that doesn't even give lip service to caring about employees? It wouldn't have been that hard to tell people in each area what to expect, they just couldn't be bothered. And for those claiming BC "can't comment because they operate in multiple jurisdictions"... even if that were true, do you really want to work for a company that can't walk and chew gum at the same time?
If you didn't get an offer, take the severance (BC's is less generous) and be thankful. Start looking. Harder if you'd already been looking around like me. Maybe be willing to settle for something as good as VMware used to be instead of looking for something better as I was.
If the acquisition falls through, that's also no guarantee that your job will still be around at the end of next year. Michael Dell saddled VMware with billions in debt--that's why he was open to the BC purchase. That's still going to have to be paid back if this falls through and that means VMware will most likely go through a layoff cycle even if BC doesn't take over.
TLDR: whatever happens, polish your resume and leave the sinking ship.
Keep searching jobs people. Broadcomm bloodbath will continue. Do not get complacent having an offer. In fact be happy that there is a stable pay check till you find a new job.
To reach Hock Tan goals of revenue, VMW has to reduce 50% staff and get rid of around 75% Opex through real estate and peripheral investments. DO NOT RELAX. Be thankful for the offer and continue to search for jobs. Q1 will be better.
40% layoff is expected. WARN notices will be up on Nov 1. Please check state level WARN portals. The trend currently shows around 20-40% of team not getting an offer. Extreme consolidation of Manager and Director level staff.
Managers are getting IC offers. That will lead to more resignations. If you have received an offer you can decline in 3 days, and get severance. That will be good, if you are an experienced developer. Collect the money, start interviews ( if you have not already, you are the optimist that the world needs 😀)
In reality, it is a false sense of relief. The forever wait is over, but the great unknown is here. The next one that comes might be very sudden. That's when people say .. why there aren't any signs or warnings.
If you didn’t get an offer yesterday, you will get the layoff on Monday.
This is confirmed.
Let me tell you one thing. This is not the last round of layoffs after Broadcom acquisition. This is the first round. There will be multiple rounds before Hock achieves his EBTDA. So who ever got the offers - please don’t think that this is done and dusted. There will be more to come.
Note- I got my offer yesterday. I am trying to stay realistic here.
@rwn+1pgw0mzT
Why would you just suddenly start to save money? Old IT workers don't get put out to pasture, they get sent to the glue factory. If you're not saving at least 60% of every paycheck by default, then you're setting yourself up for failure. And not as in "saving for a vacation" or "saving for a new car". Live like you're poor and you never will be.
Wasn't stressed out at all. I knew I'd get it and I knew it'd be more than I was getting at VMW. Happy with it being above what I was expecting.
The limbo is terrible.
Just go back to your plan B - which every grown up professional would have been working on over the past 18 months. RIGHT ?
We were told by upper management that our team (GTM) would know our fate by close of business yesterday and some people on my team got offers, I am still waiting to hear. The silence is deafening.
I feel like the offers are done. If you did not get one, start planning your transition plan. I cannot imagine that if you did not get one, that yours is waiting. I feel like your org is probably done. Or at least that is how I would operate.
When the deal was announced last May, I started saving money like I never have before. As a result, I can go a long time without having to work if I need to. I did receive an offer but that is all gravy. I recognize even that could go away too at any time. No matter what your situation, always make sure you can live for at least six months and preferably a year or more without a paycheck. And if you don't make enough money to save, then either reduce your expenses or find a way to make more money.
You won't be saying that in 12 months if China approves. Look at ca inc page of layoff.com.
The limbo is terrible. We were told by upper management that our team (GTM) would know our fate by close of business yesterday and some people on my team got offers, I am still waiting to hear. The silence is deafening.
I‘m not so sure that everyone can stay if the deal fails. Right now, those offers are conditional.