Is there a way to volunteer, so we can leave with a package?
Your individual skills do not matter
What matters is if the product space you work for brings in the amount of money that Broadcom wants. If your product is not a product used by any major customer, you're out. When the offers were rolled out at CA, many of the individual decisions... — read more
What will happen to the Symantec offices in APAC ?
There's no news about APAC region so far. Are they planning to keep them or ditch all together ?
Anyone knows about the fate on engineers in the Mountain View Office ?
Anyone knows about the fate on engineers in the Mountain View Office ? Especially for people who hold visas this situation is really uncertain.
The guessing game
The last sales all hands gave a lot of useful information but the process is now leaving everyone hanging. There are sales engineers in EMEA that have broad experience across multiple solutions and no concentration on one. If the selection... — read more
Cyber Security Services
Does anyone have a theory on whether Cyber Security Services (CSS) will make it to Broadcom? This includes MSS, Intelligence, and Incident Response. It is not a traditional “franchise”, but is the core of many company Tier 1 security functions. .. — read more
What are the chances of Broadcom taking the "Email" product group as well?
Looks like this is still up in the air at this point, anyone can provide any possible additional insights?
Broadcom shares
When been made a stay offer during an acquisition, do Broadcom offer any initial stock during the offer stage - such as RSU’s? How often does it occur that RSU’s are issued/promised and an employee is terminated before the RSU’s vest - and... — read more
Is there a 12$ dividend for current ESPP purchased on 14th August
Do we get 12$ at the deal close for ESPP which is purchased yesterday on 15th August?
When will we know for sure who goes and who stays?
The wait is worse than anything. Just let us know so we can move on with our lives, one way or another.
Symantec to Lay off 4,200
Here is the math: 10,700-4,000-2,500=4,200 Here is how it adds up: 10,700 Employees today - 4,000 moving to BCOM - 2,500 in Consumer = 4,200 without positions (all will be laid off)
What happens to Stock price upon payment of $12.00 EPS?
When deal is complete, Broadcom pays the check and the $12.00 earnigs per share will be paid to stockholders. Next business day, when markets open, I imagine the stock price will drop tremendously, as it has less inherent value (since enterprise... — read more
Sites with less 100 people will be permanantly closed ?
According to internal source, location shut down will be executed very soon. How far this is true ? Which locations will be affected ?
How many are left to be laid off?
The numbers I've seen mentioned here range from 2000 to 4000, which is a significant difference. Does anybody know the actual number? Or will we just have to guess until all the layoffs are finally done - whenever that might be in the following four+... — read more
Symantec (Enterprise) Consulting and Support will be picked up by BCOM
BCOM made a serious mistake when it pushed CA services and support out to HCL. The don't want to make the same mistake again. Does anyone have the headcount for these groups?
Will Broadcom buy Globalization team?
Regards to the sale what will be the future of Globalization team?
Why is Broadcom buying mature / legacy software companies?
They are shelling out 10s of billions for purchases. Why?
60% Reduction in force amounted today (internally)
We are told today that BRCM is taking only 4K of the 10k Symc employees
Is it safe to assume mid-market is of no interest?
Based on the hi Enterprise 2000 customers mentioned recently in the media, is it safe to assume mid market related staff are getting the chop?
Broadcom-Symantec deal troubles cybersecurity experts
Broadcom-Symantec deal troubles cybersecurity experts https://searchsecurity.techtarget.com/news/252468186/Broadcom-Symantec-deal-troubles-cybersecurity-experts
Broadcom's Strategy for its Symantec Deal Has a Lot in Common with its CA Deal
Broadcom's Strategy for its Symantec Deal Has a Lot in Common with its CA Deal https://realmoney.thestreet.com/investing/technology/broadcom-s-strategy-for-its-symantec-deal-has-a-lot-in-common-with-its-ca-deal-15052809
What will happen to consulting / services?
I heard that Broadcom does not want to make the same mistake with services again. It does not want to push services to HCL this time. Is this what Broadcom's management is stating internally?
Transition info
The transition will follow the CA model. Which means middle managment will be cut. Any manager that will be retained will be informed before the offer letters are send out. Employees will fall into 3 buckets, term, transition or stay. Depending on... — read more
Broadcom Comp plans for sales?
Does anyone know what sales people (Account Managers and Sales Engineers) can expect from Broadcom in terms of compensation packages? I keep reading about bonus and RSU’s so does that mean the Broadcom Sales teams don’t have a commission based... — read more
What will happen to unvested RSU!
Does anyone know here what Broadcom will offer for unvested RSU stock? When we will get to know about it?
And what happens after the merger? (Speculation)
You learn there isn't much of a Broadcom culture or a plan You are just one product among many. You will be working harder than ever all for that restricted stock and bonus.
Severance
Since there is a lot of chatter in sub messages, so I decided to create a new post with right title and leverage information shared earlier. Three Category of Folks - as it relates to Severance: People who do not receive an offer of... — read more
Hope it works out for everyone.
When they were trying to buy CA everyone said that the US government won’t allow it to happen... It did. Hock Tan laid off 6,000 people - around 2,000 divested to PE and Indian Firms and around 3,000 remaining with Broadcom. The deal... — read more
The deal will never close
Broadcom = Hock Tan = Chinese Gov Symantec = Security = US Gov Things are not compatible here. Hock Tan will be stopped just like he was stopped when he went after Qualcomm.
Everyone in the Enterprise Business was just terminated
By selling the assets of the enterprise business to Broadcom, Symantec has effectively just terminated all employees in the Enterprise Business Unit effective as of the closing date of the deal. Broadcom can extend offers to EBU employees at... — read more
Symantec Announcement - Whats next for EMEA employees ?
Hey just off a call about the acquisition, anyone any idea what our future holds? Can a company come in and just continue to employee us under their contracts or will we be given the option of taking a redundancy?
Symantec Federal Sales
All of Symantec federal has over the past two years been replaced by clueless Blue Coat counterparts, This impacted everyone - from top executives to talented sales staff, all gone....
Blue "ACTIVE" Button (Right above!)
If you click the blue "ACTIVE" button on this page you can see posts that recently had replies. I hope this helps.
SYMC Stock surges on buyout rumors
https://articles2.marketrealist.com/2019/08/symantec-stock-surges-broadcom-buyout-talks/
So who gets what's left?
After the dust settles, assuming enterprise goes to Broadcom, what happens to what's left? I can't see Symantec surviving on its own, so acquisition has to be the plan. But who? Anyone want to make a guess?
Things will get better
I went thru this saw last march, and it was sad. It was my first layoff and shock of my life. But what is important is to express and let lose yourself and bring those feeling out. You have been successful and worked for a great company, time to... — read more
Is anything happening?
Has it started yet? Where there any meetings scheduled for first thing in the morning? Any info would be appreciated.
No meeting, no layoff?
I see people mentioning they know they are being let go today because they already have meetings scheduled. Does this mean those of us who don't have anything scheduled for today or Friday can consider ourselves safe? Or is that just my wishful... — read more