The message management is giving here is focus on doing your best job. I think this is absurd. You're dealing with humans with emotions here, not robots. Of course people are going to feel anxious if told that their livelihoods are going to potentially be gone.
Management seems to think people should just go on like nothing ever happened and it's "business as usual". That to me comes across as tone deaf.
Dude, if it’s anything like CA. The executive leadership got millions of $ in acquisition bonus. They are NOT tone deaf, they are lining up their future and will walk away from this Better than anyone else. If you don’t care, ask them what they get out of it should the deal close….
Yeah. The top folks, aka leadership team, knows what's going. The the low/mid level managers know the same as you.
The payouts to Raghu and the rest are enormous and obscene. What we might get is minuscule in comparison. Some here might lose their homes but I bet they won’t.
We are paid to do a job so shouldn’t we focus on doing that?
They are giving the typical/canned manager response and all positive - again typical. They will rank us - do layoffs and then they will be layed off afterwards. This is normal.
Here is the link to the thread with the amounts the execs get for “change in control” babysitting and of course - fully accelerated vesting of their RSUs
https://www.thelayoff.com/post/@OP+1hcXLMF4
Thank god they can put “followed orders during an acquisition” on their LinkedIn profile otherwise I have no idea how multiples of $10M could possibly equip them for seeking a new job. Oh yea, they don’t used LinkedIn and don’t need a new job.
Good little doggies. Hock is patting you on your head.
Having been thru several M&A’s and being close to deal negotiations I’m happy to tell you that they know what’s going on. The band playing on titanic. Don’t be naieve… whenever any exec says “keep doing what you’re doing…” that’s the kiss of death sign….
If you think that VMware executives "don't know what is reserved to them" just check out the package that these four are getting. This is posted on the SEC site. You can be sure that other executives are getting a nice package too. If you think that "they have not idea on what is coming" think again. VMware executives have been talking with Broadcom executives for sometime now and they will keep talking until they execute their plan. I have been through several of these takeovers and I can assure you that the executives always know what is going on and the little people are told stories and are the last to learn the truth.
Raghu Raghuram $43,576,789
Zane Rowe $51,740,173
Jean-Pierre Brulard $20,857,093
Sumit Dhawan $16,816,686
The message management is giving here is focus on doing your best job.
Consider if the 70% of people who, according to reporting, will be removed from the company were to voluntarily remove themselves from the company before Broadcom takes over.
There are a few reasons:
Excluding the first odd option, this means that their current plan is the best plan they have. Surprises arrive everyday and the focus will pay off - it will consolidate the strong players and will show there's a place for that underdog team/product.
Keep focus, that sunset is still far away and much can happen.
Good luck.