Being planned, lay off can happen in March-April time frame.
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Just to clarify, vmware earrings are still being reported. What’s not being provided is forward looking guidance. Earning projections. Things like that. VMware is still publicly traded and the shareholders are well within their rights to know how the company does until VMware is a subsidiary of Broadcom.
It will be earlier than Fall. April/May is my bet.
No reason to delay restructuring sales org at this point, for example. I expect some announcements this upcoming week - a post on Fishbowl said big announcement to come tomorrow (Feb. 6).
It will be in the Fall after acquisition close. As already stated by some others and also confirmed by a senior level manager no earnings are being reported, there is no reason for layoff and massive bad press. Layoffs are very unlikely before the acquisition date.
"When Broadcom take over, they will makes cuts in HR, Internal IT and Finance."
These exact cuts have been underway, under VMware leadership, since just before the Dell spin off.
There's already been a cost shift - to remove layers of management, stop back fills, layoff non sales orgs and replace them with contractors or new teams in least cost locations.
So what? Take charge of your career. You make the decisions, not them.
If you are relying on people handing success to you, you will eventually lose.
Maybe OP doesn’t have the guts to get ahead. Go work at McDonald’s!
Agree with the post below.
Do i suspect major cuts will happen before the acquisition. No.
Why: The tech cuts are linked to reported earnings, it shows stakeholders we are reducing our overheads to have a better profit margin.
VMware are not reporting to the market at the moment. So why cut staff now?
When Broadcom take over, they will makes cuts in HR, Internal IT and Finance. This has already been stated. Will they make more cuts, probably. Could certain BUs be sold off, good chance. Why? To show there investors we will make profit by lowering our overheads and getting rid of low profit BUs.
So it actually makes sense for Broadcom to do the cutting and not VMware.
Hock Tan - "The only overarching strategy is the model that says we buy assets and we run them better.”
This is a diss at Raghu!
Magoo is such a disheveled fool, he probably agree with Hock.
It will just be you
https://www.ft.com/content/0a4013b6-b3b9-49fd-87a9-bd0da5e229b1
“We look at VMware as the twenty-third product division,” Tan said. “Is there an overarching strategy? The answer, I hate to say, is ‘no’. The only overarching strategy is the model that says we buy assets and we run them better.”
Do the math, it’s coming as soon as the deal closes.
No wait I was talking to an SVP in my dreams the other day, it will be 99% on the 1st of April
Probably more accurate than the Bull posted by twisted minded trolls on this site.
It's almost been a year since the acquisition, lmao. I don't even care anymore. Do it.
Ohh so now it moved from Jan to feb and now march april. Who are you hock tan
From the sound of the OP, management has layoffs like they ship products: delayed.
Don’t be in denial. Even if OP is just trolling this company would be much more profitable and efficient with a 30 to 40% haircut. If you don’t think that’s coming, you are in denial
It's actually 92% layoffs happening on April 31st.
https://bell-end
https://www.thelayoff.com/t/1kjwnn9W
Now it’s reduced to 30% and pushed back? Monthly layoff post.
I also predict that the OP will be ki-led by a stray elephant (from where you decide), in the March/April timeframe.
But not quickly by being crushed to death, because the elephant is going to be gentle like, and will slide the OP in like a suppository where the OP will then slowly suffocate while thinking about what a cr---y thing it is to make up FUD on a lay-off board for people who are worried and concerned about the future of their jobs.
Is it related to Broadcom acquisition? Is the acquisition near to close?
Ohh so now it moved from Jan to feb and now march april. Who are you hock tan 😂