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
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
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
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
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 ??
Broadcom walking Symantec employees...
So sad, Broadcom walking Symantec employees...
Pre-Day 1 Party in Draper before closing.
We are waiting for Nov 4th.
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
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
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.
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!
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.
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
When will we see first set of Broadcom vested RSU in our account
There is confusion as to when will the first lot of RSU get vested. Will i be able to sell them on March 15?
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
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 !!
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
$12 dividend
Did they say on the ask the exe call with Amy that the $12 dividend payment is not confirmed to happen?
Next round of layoffs
The word is the next round of layoffs is November 13th for transition employees not needed for transition.
compliant offer vs comparable offer
Is a compliant offer whatever symc and broadcom decides they want it to be? Or is there a broader legal definition. Based on the definition provided by broadcom as long the offer a job that is within 50 miles , benefits similar to broadcom, and... — read more
AIP CALCULATION
last year the aip %tage was 91.3% , so if somebody got 110% bonus is his/her IPF( 18.7% ) ? If this was used in the new bonus calculation formula of 60k sakaray example Let me use 70k as base ((70000 * 18.7% / 12)x 7 months )/ 75% = 5726$ — 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
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
Half the workforce dumped on CA the other half got offers from Broadcom
Revenues from CA will feed the salaries of those who have received transfer of employment to CA . This shows that they don’t expect this acquisition to make much money after they are done with the chopping and trimming, simple Symantec’s lost... — read more
While others sharing their Package dissatisfaction here, I’m browsing on eBay to buy safety helmet, heavy duty boots, and safety jackets!
They just f.c.u.ked Symantec Singapore office! They’re moving us to their Broadcom factory to become production worker! We will be working in their chip manufacturing division since we have tiny little hands! God bless us.
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
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
Hocthos has decimated Toronto
The Toronto office has received offers but a very small percentage of the teams. Most have received transition.
How many broadcom RSU has been received to employees per salary band who received the offer.
In every all-hands we heard compensation structure is very good with equities. As there have been offers released to some countries. Can someone mention how much equity stocks they got as per the salary band? Is it good in terms of next year... — read more
Transfer of employment notice given to sections of India employees
Surprisingly the transfer of employment is to CA Technologies and NOT to Broadcom! What does this mean ?
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
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.
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
As per MSS directors Broadcom is closing Chennai!
MSS is not cost effective and profitable, soon no longer be part of BC
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
Has anyone received Broadcom offer in India Pune or Chennai?
Has anyone received Broadcom offer in India Pune or Chennai? As per the last communication Friday was the day to get invite for Broadcom HR sessions for week of 14th Oct. Has any team or people got the invites?
Is endpoint/altiris going to be k--led off?
Will broadcom put an end to this product? Seems like symantec has left it twisting in the wind for about 5 years now well the user base keeps dropping off.
Why Broadcom is moving Symantec Singapore office to their manufacturing location?
Do you want us to work in the “factory”??? Huh!?