Thread regarding Symantec Corp. layoffs

@10slwEgJ

Thanks for the trip down BS Blvd. Have any other sage wisdom to impart on us?

Its happening :(

FTC approved the deal last Friday:
https://www.ftc.gov/enforcement/premerger-notification-program/early-termination-notices/20191881

Fat chance. Hook moved the headquarters to CA to ensure future deals get DOJ approval.

Owns a small place. https://www.bizjournals.com/sanjose/news/2018/07/19/silicon-valley-luxury-home-4174-oak-hill-palo-alto.html

This deal will go through. Unlike Qualcomm, Symantec doesn't "own" a substantial percentage of the enterprise security market anymore. Crowdstrike, Tanium, Forcepoint, Cylance, etc... (not McAfee) have eaten its lunch over the past few years. Symantec's products were really out of date (not cloud-enabled) so it had to buy Bluecoat to get back in (just like McAfee did with Skyhigh Networks). Symantec also needed to buy a new enterprise sales leadership team, which is why it paid a ridiculous $4B+ for Bluecoat (not worth even half that based on revenues/profits).

Symantec enterprise will spinoff into a wholly-owned subsidiary of Broadcom with a Special Security Agreement in order to keep its government contracts.

They will cut all the fat that Symantec generated over the years. If you are a VP / SVP / GM you can start looking for a new job. I was part of CA and experienced this a year ago. Who stays in Broadcom gets nice additional bonus / stocks and better health and 401k benefits. you will be running lean operations without all the corporate b—s— and nonsense. Good luck!!!

OP is still dreaming of not being fired!

They said the same thing about the CA acquisition - the US government won’t allow it to happen... it did. 6,000 people laid off; around 2,000 divested to PE and Indian Firms and around 3,000 remaining with Broadcom. The deal will go through and if for any reason it doesn’t - Symantec will be forced to layoff 1,000’s of people... hope it works out for everyone.

Hock Tan was born in Penang, Malaysia in 1951.

He was the highest earning CEO in the US in 2017, earning US$103.2 million that year.

Hock Tan immigrated to the United States when he was 18, and he also went to the Massachusetts Institute of Technology. He had an MBA from Harvard Business School, and he has also worked in several positions before getting to the top. Hock Tan is married to Lisa Yan, who gave birth to three children.

Two of his three children are on the autistic spectrum and so Hock Tan has been dedicated to funding autism research because two of his three children are on the autistic spectrum. Hock Tan and his wife donated $10 million to Cornell University in 2015 to fund the Hock E and K. Lisa Yang.

In February 2017, Hock Tan and his wife again gave $20 million to the Massachusetts Institute of Technology.

Hock Tan And Lisa Yang Have Three Children

Lisa Yang and Hock Tan have a daughter and two sons. Hock Tan’s family only recently just relocated to Philadelphia from Singapore after one of their sons was diagnosed with autism. Douglas who is now 31 years old lives in a group home at the Devereux Advanced Behavioral Health Institute. Hock Tan's daughter, Eva, is also on the spectrum.

Eva went to Harcum College and now works at German software company SAP SE. Hock Tan's other son works as an investment banker in California. As the president and CEO of Broadcom Limited, Hock Tan earns an estimated salary of $24, 692,047, as reported by Bloomberg in 2016. Hock Tan has been the President and Chief Executive Officer of the company since March 2006.

This can easily help us calculate Hock Tan's accumulated worth in the recent years. Hock Tan also serves as the President and CEO of Avago Technologies Finance Pte. Ltd. Hock Tan has been working in the semiconductor industry for more than 25 years, and he is also widely known as a great cost-cutter. Hock Tan's relationship with Donald Trump has spiked inquisitiveness among businessmen and technology enthusiasts.

i hope you are right.

i know you are wrong.