Are these factual - as in recent layoffs? I want to HOORAH! if it's true removals of such bloat, to help my stock, but this site has so much wishful thinking I don't know whether to trust it. Can anyone inside confirm?
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The tan trix are fired.
This is the end.
163 Level 4 engg
61 Level 3 engg
37 Level 2 engg
7 Level 1 engg
in VCF gone.
I feel sorry for these young kids in Level 1 to be so unlucky to choose VCF VMware as their first job. Having to go through this so early in their career. Scarred for life.
192 Level 5 engg in VCF gone.
145 Level 6 engg in VCF gone.
55 Managers in VCF gone.
95 Senior Managers in VCF gone.
2 level 8 in VCF gone.
80 Directors in VCF gone.
80 Level 7 in VCF gone.
15 Senior Directors in VCF gone.
5 VPs in VCF gone.
SVP GM of VCF gone.
At this point you take what you can.
Just don't look at what execs are seeelllling at.
All I know is that I sold my whole wad back in Feb at $225 p/s on hearing about coming chip tariffs thinking it was going to take the stock down, and yes in April everything went down... then right back up from TACO, and here it is at $300 making me feel stupid for "betting on coming failure". Not doing that again.
Yeah. The stoccck doubled in a few months because... Crypto Metaverse AI Tariffs 10 billion in buybacks covid stimulus WFH RTO. The crazy cycle is speeding up. American company makes its chips in Asia and sells into China and the finished goods are exported from China to USA. There is a tariff going into China and there is a tariff going into USA. Really? Nothing could go wrong here.
Funny how I heard all the same "the end is near, the bubble shall burst" back when AVGO was making big $$ on 5G, then again when it was on Apple, then again during covid-tech-bo-m, and now again on AI. Been hearing this since 2016, so think of aaaaalllll the $$ made in all that time to now while you wait for the "inevitable end" forever.
A thief can only operate for so long before they are caught or another thief takes their place. Broadcom has had a good run, but customers and investors are starting to figure out the game they are playing.
I really like the Indians who work for a Zhinese company in America and who buy 4 houses with interest only loans and buy overpriced electric cars with more loans. Wall Street is licking their chops for the upcoming fire sale in overleveraged Indians houses. Tariffs in semiconductors incoming soooon.
Broadcom dividennnd yield is 0.8%. Uncle Sam is paying 4.25% risk free. Halving and Doubling the stoccck price in a few months is not a sign of stability. This is like a meme stocccck.
+17,000.52%!!
Trees don't grow to the sky. All ponzi schemes collapse. No cash left. Debt too much. The end.
I have aged 15 years in the past 1.5 years. I am debt free. Saved up 2 years of emergennncy funds. Trained my colleagues in other countrrries. I am ready to go on a break. I have earned it.
"Hock isn’t right about how many employees it takes to run a company! "
Well, he been running this conglomerate for over 20 years now and over a dozen acquisitions in hardware & software... and if #s are the score: The total return with dividends reinvested for AVGO from August 6, 2009 IPO to Today, 2025 is... drum roll... +17,000.52%!! Yes, that's 17 THOUSAND % (avg of +37.91% each year). So... you judge that as right vs not.
@fk Actually, Sr Managers = ICB6 (IC version known as master engineer), Directors = ICB7 (IC version known as Distinguished Engineer). There are very few at this level. They do make big $$$ though. Usefulness I leave to the judgement of others, it varies in diff groups.
Seniorrr managerrrs are getting paid as much as a level 4 IC. Directorrrrs at level 5. HT will target Level 5 and Level 6 ICs first.
Hock isn’t right about how many employees it takes to run a company! He’s not trying to run a company you fools. He’s trying to bleed every last penny out of customers that now pay far more than they did in the past, own nothing under a subscription model, and will no longer see any real technology advances in the product. How do people not know this about the way Hock and the board operates?!
I haven't seen a single person in managemeeent laid off. They are just shuffled around.
Tanzu’s biggest layoff was last August, bracing for another one in the upcoming couple of weeks:
Isn’t it amazing how right Hock is about how few employees you need to keep the main revenue producing groups chugging along ?
And there are STILL useless people in All of these divisions
my team in sofia has plenty of folks doing no work, including my manager l7. So much fat unbelievable
major layoffs are never done folks, esp for the latest acquired franchise. Unlike most others, the fiscal year here runs from Nov to Oct. So in Aug is when everyone starts planning for next fiscal budgets - and headcounts - that start come Nov. When they get a headcount # for next FY that is lower than today's, will mean layoffs in Sept/Oct? Hmmmm. Guess you'll have to wait & see, or be hopefully ignorant and say "no layoffs, chill"
Major layoffs are done for now
Lots of incompetent overpaid yes men and women in management left to cull. They will be removed as more and more customers are lost to the competition - happening regularly now.
Yes, plenty of them in management layer.