Thread regarding VMware layoffs

Rumor on the street was that there was going to be mass layoffs on 1 Sep.

Rumors on the street are just people emphatically guessing so that others can pay attention to them.

20K in next 2 yrs. He has to if he wants to meet the earnings goals.

98% of Ops
50% Sales & Service - more if part of sales/service go with spin-offs
20-30% Product Eng- more if part of sales/service go with spin-offs

Needless to say it’s a guess.

Rumor on the street is 16k will be laid off

Dibs on this for my exit strategy and what to spend my severance on!

We had a meeting with Tom Couples (Finance) and he clearly said "only a few" will get a permanent position at BC. He hopes that appr. 50% will be in the transistion bucket. So, appr. 49% will go end of Oct (depends on the country).

I’m thinking that in 3 years there will be approximately 10k-15k vmware employees left.

Wild guess.

Not enough

It has been speculated on in numerous threads already and until Hock decides and shares the number nobody really knows for sure... but...

To make the numbers work for the "investors", Hock will need to wack AT LEAST 40% of VMware staff within 24 months.

So... likely looking at at least 25%-30% in the first round, another 10%-15% in round 2 after "transition staff" are let go (< 12 months.). Then with attrition and churn they can figure out the remaining 5% or so to hit that margin goal. Get's VMware down from circa 35K to about 20K (which is still a LOT) but might be low enough to get onto the EBITDA trajectory.

You would be crazy to not go deep in the first cut and have a lot of people in the "transition staff" category because morale is going to be in the gutter and you don't want thousands of people just clocking in and then doing minimum viable...

they will support the core products with about 7000, the rest go after 3 years. Ops first, another trench next year, another the year after, need to increase profit by 4 bill. Some saving there from selling off unwanted parts, some price increases but the majority will be people reduction

Here is a summary of the percentage of retrenchment for each company by Broadcom in chronological order:

• LSI Corporation: 20 percent of its workforce, or about 1,500 jobs, in 2014.
• Emulex Corporation: 14 percent of its staff, or about 200 positions, in 2015.
• Brocade Communications Systems: about 1,100 employees across its businesses in 2017.
• CA Technologies: 40 percent of its U.S.-based employees, or almost 2,000 out of 4,837 workers, in 2018.
• Symantec: 7 percent of its workforce, or about 240 jobs across four sites in California and Oregon, in 2019.

No they didn't.

All of the ones receiving the layoff letter.

Many layoffs including Management, HR, Operations, Sales, and certainly in the support team. Excessive workload and extended working hours are prevalent issues at Broadcom. In FY2022, Broadcom's revenue amounted to 33.2 billion U.S. dollars with 20000 employees in 30 countries. VMware only made a revenue of $13.16 with 40k people in 60 countries. Cost reduction is top priority for Broadcom.

3-5%

My impression/guess from today's meeting:
It will be HUGE. They do not care VMware team's opinion.