Layoff after layoff and pushing nearly all responsibilities out to the partner community or contractors is ki-ling this company. It’s quite literally become a Ponzi scheme stealing money until customers realize there is no future and jump ship to competitors. If there isn’t significant reinvestment in headcount that actually does legitimate real work to create sustainable products and services this company is toast in 2 years or less. The outside consultants hired to assess and rebalance the workforce should be sued! They were wrong about a lot. The only people left here are con artists that create churn to hide their incompetence.
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Shareholders are fine!
Nothing to see here.
Move along.
More posts being zeroed out by Hock’s little minions.
…The shareholders are THE ones benefiting from all these layoffs you scream about….
The shareholders are about to get Hock’d up the backside because the scam has played itself out and everyone knows it.
Like all companies that follow the path Broadcom is on, they aren’t around for very long.
Are you really worry about partners and customers? Why? Are you an employee of one of those partners or customers?
The shareholders are THE ones benefiting from all these layoffs you scream about. AVGO has risen 1,250% in last 10 years of buying companies and halving workforce of the acquired, focusing their customer base to top-paying 10%, and realizing 2-5X the profits vs cost that ends up reflected in share price and that 10yr growth. The end score to shareholders makes it obvious all those extra employees or sht customers were never needed by the conquered company. And btw, they don't hire consultants to choose keep/ki-l lists, that's decided by the leaders of your own business unit/franchise not evil corporate consultants.
This is the way!!!
‘Yes, and so what.’
Response:
The primary responsibility of every public company is to its shareholders. Broadcom is failing by not retaining or bringing in new quality people that will ensure the creation of products, services, and programs that meet market needs. It’s become a company of incompetent layoff survivors that have no clue what they are doing trying to support id--tic executive mandates.
Yes, and so what. Crook Tan doesn’t share your values. Grow up. Don’t like it, leave.