Topics regarding layoffs at Symantec Corp.

Topics regarding layoffs at Symantec Corp.

TSA Colleague RIF'd today

My colleague was on transitional status since Day 1 and now they found out today that they are let go by week's end. They're disappointed but also mad because we were under impression the TSA employees would last for a few more months until the... — read more 

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| 2030 views | | 4 replies (last November 7, 2019)
Post ID: @OP+11UZnhq0

The end of an era

How it all happened :( Symantec discards storage business Veritas 2016 - CEO Mike Brown architect of deal Hire a stupid CEO , CFL and COO from an acquired co - they together mess things beyond repair Symantec investigations by SEC... — read more 

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| 3410 views | | 7 replies (last November 7, 2019)
Post ID: @OP+11RTAlJB

Enterprise Airplane still in the air !

Art’s Symc Enterprise Airplane did not get ATC clearance to land it’s still circling around Hock Tans airport! Looks like maintenance on the plane will be delayed for some parts because of Day 1 not being in sync :) ... !!.. whenever it does land... — read more 

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| 2150 views | | 3 replies (last November 4, 2019)
Post ID: @OP+11Ra52Rb

When is Day 1 - very strange acquisition strategy

For some it’s 4th Nov For some it got pushed out at the last moment TBD For some no information - most likely calendar year end Some got offers from Broadcom some from CA Common sense would have a consistent global approach and take over... — read more 

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| 2080 views | | 2 replies (last November 5, 2019)
Post ID: @OP+11RHtimg

Day 1 postponed - no surprises

Day 1 which was to be Monday 4th Nov has now been postponed to tentatively 15th Nov . What does this mean for people on transition ??

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| 2450 views | | 7 replies (last November 4, 2019)
Post ID: @OP+11Q46qg0

TSA contract will be out soon?

When those in TSA will know their fate ? This is worse situation ever! Those that moving over to Broadcom or getting RIF’d know their fate way before Day 1 except TSA folks. When we will get the answer? Please shed some light here... — read more 

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| 1690 views | | 3 replies (last November 1, 2019)
Post ID: @OP+11OITRKI

Day 1 NOV 4TH

Day 1 will be Nov 4th, Reduction in Force, Transition or Term. BRCM will let you know by about 9am thru email. They are decisive and brutal but you will know quickly if you have employment or not. Good luck to everyone, plenty of opportunity out... — read more 

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| 2350 views | | 4 replies (last November 2, 2019)
Post ID: @OP+11OHmByu

Day 1 will be delayed???

This is confirmed by internal source. And this is not good for us because your exit plan will be delayed too. Your RIF’d date will not be announced anytime soon. Please correct this if it’s not true.

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| 1810 views | | 5 replies (last November 1, 2019)
Post ID: @OP+11N4P3DE

Wait for a surprise on Day 1 🎉

Just be prepared folks. Don’t worry, it’s going be a good news! You guys will be glad to be part of Broadcom! Everything will be okay! End of uncertainties!

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| 2750 views | | 5 replies (last October 31, 2019)
Post ID: @OP+11Lbu6X6

Rise of the Evil Regime

Not many of you will survive by Day 2. They are preparing the execution list. Wait for the hammer to drop. Especially TUPE countries. Don’t be too happy.

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| 2760 views | | 9 replies (last November 6, 2019)
Post ID: @OP+11KsjVQW

What do our separation packages look like?

I just want answers to some simple questions that are vague at best in the FAQ- I am an employee who will get RIF’d. When’s my freaking last day? Gossip says somewhere between Nov 20-Dec 4. When will we know for sure? Bonus- everyone who gets... — read more 

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| 2540 views | | 2 replies (last October 26, 2019)
Post ID: @OP+11I0aNkH

What’s these rumors about severence?

Reading through some of these threads and there are references to BC being too tight to pay severances. In Europe the suggestion is BC will honor the SymC standard for severances. Also, they then bill symantec and get a refund. Some countries... — read more 

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| 1970 views | | 3 replies (last October 26, 2019)
Post ID: @OP+11HbWQex

Where is CEO of Symantec

Where is Richard Hill the architect of this mess - not to be seen nor heard since his last appearance when the announcement was made !!

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| 2260 views | | 7 replies (last November 4, 2019)
Post ID: @OP+11HAHMRm

The beginning of the end !!

All along the impression given was they would be taking along approximately 4500 employees out of approx 7500 employees over to BRCM . Yesterday we were told 2300 offers went out with 600 expected to go out in Europe ... that adds up to 2900 - what... — read more 

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| 2530 views | | 7 replies (last October 26, 2019)
Post ID: @OP+11HWM9Ez

$12 dividend

Did they say on the ask the exe call with Amy that the $12 dividend payment is not confirmed to happen?

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| 1121 views | | no replies yet
Post ID: @OP+11HhxniL

Next round of layoffs

The word is the next round of layoffs is November 13th for transition employees not needed for transition.

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| 2310 views | | 5 replies (last October 25, 2019)
Post ID: @OP+11GlKodq

compliant offer vs comparable offer

Is a compliant offer whatever symc and broadcom decides they want it to be? Or is there a broader legal definition. Based on the definition provided by broadcom as long the offer a job that is within 50 miles , benefits similar to broadcom, and... — read more 

AIP CALCULATION

last year the aip %tage was 91.3% , so if somebody got 110% bonus is his/her IPF( 18.7% ) ? If this was used in the new bonus calculation formula of 60k sakaray example Let me use 70k as base ((70000 * 18.7% / 12)x 7 months )/ 75% = 5726$ — read more 

Taking the offer, but looking for future potential

Sorry folks for long winded post. They're all opinions and views from what I've experienced. Grab some coffee. Read, pray, laugh. Back from 08/2019 - thoughts by Herjavec. https://www.youtube.com/watch?v=s85FrcskFmw I found this video... — read more 

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| 2430 views | | 5 replies (last October 25, 2019)
Post ID: @OP+11ELAC9a

RSUs

Just got to know something: If you have been allotted RSUs less than 48 per year, your RSUs won't be vested quarterly. They will be vested yearly. Broadcom has not mentioned it in their FAQs but it was declared by their HR and it's... — read more 

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| 2700 views | | 8 replies (last October 23, 2019)
Post ID: @OP+11Di1xW3

BRCM Benefits are a joke vs SYMC

I dont know about you all, but the benefits are turning out to be way more expensive, at least in the USA. The RSUs are also not nearly as good as Art was leading us all to believe, and there is basically no incentive other than the RSUs which take 4... — read more 

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| 3970 views | | 17 replies (last November 7, 2019)
Post ID: @OP+11ATJHF8

Take it from somebody who knows

I know people are worried about what's coming, but take it from somebody already impacted - there are plenty of companies out there doing much more interesting work with significantly better pay and benefits, not to mention work culture than here... — read more 

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| 1853 views | | 2 replies (last October 19, 2019)
Post ID: @OP+11AiM93R

Hocthos has decimated Toronto

The Toronto office has received offers but a very small percentage of the teams. Most have received transition.

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| 1660 views | | 2 replies (last October 19, 2019)
Post ID: @OP+11AAM0I5

Today’s call with Art G

For those folks affected by the mass layoffs in CA, Art mentioned the CA WARN Law. He indicated that those in CA that got sev packages could not accept offers from new companies for 60 days. Or, was it during their sev term? He needed to... — read more 

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| 1640 views | | 1 reply (October 18, 2019)
Post ID: @OP+11AI6nxS

Class action lawsuit?

Has anyone been contacted by a law firm regarding a class action lawsuit regarding commissions? I haven’t returned their call yet, wanted to see if anyone else has heard from any firms.

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| 1030 views | | no replies yet
Post ID: @OP+11zEg02N

Will this deal close on 4th Nov ?

Broadcom seems to be very ambitious about closing this transaction on 4th November. By the feel and look of it - it appears unlikely they will do the wire transfer to Symantec on 4th November! Internally they keep saying 4-Nov . To everyone else... — read more 

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| 2490 views | | 4 replies (last October 17, 2019)
Post ID: @OP+11yephUx

Transition letters given to many in India

Many employees received transition letters from Symantec HR on Friday morning. It did not detail how long the transition period would be . Deep cuts within Support org as many did not receive the HR invitation for Monday’s meeting. So apparently if... — read more 

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| 2410 views | | 1 reply (October 13, 2019)
Post ID: @OP+11vh4qT1

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