When they acquired Symantec:
- They swung into action almost immediately- Broadcom does not waste any time - they have a team in place and the template is ready ! They used it with CA then with Symc
- They will mostly offer jobs to everyone in Engineering and then lay them off the following year - or most will leave on their own !!!
- If you are in Tech Support , IT, Education services etc or any other supporting function there is a good chance your job is hit
- They will absorb a portion of the workforce and tag them as TSA ( transition workforce) these are usually retained until 6 to 8 months post closure depending on what your area of work is
- Management will be given a tight rope to decide who they retain and who they let go - if you do not get a TSA contract consider yourself retained or let go - it was done very unethically at Symantec.
- They will almost immediately have weekly calls and will try and paint a very favourable picture in those calls later you will realise they keep talking the same thing in different ways
- Their FY start in November this will be a done deal before the FY starts .
- They are BIG on cost saving or optimisation and will not spare any moment to slice the flab . I have not seen a more aggressive company like them .
End of it all :
Wait and watch ! The Sev package is attractive! Many opted for the Sev , It worked out very well for Symc and prior to that for CA .
The biggest gainers from the Symantec acquisition were Symc immediate competitors !!