GlobalData (industry analyst) - "Broadcom is destroying VMware’s culture in favor of its own, isn’t likely to stop, and has failed to consider the human parts of the equation."
https://itconnection.wordpress.com/2023/12/07/broadcoms-vmware-acquisition-the-worst-is-yet-to-come/
The best and brightest have left VMware over the past two years. All of the products except for vSphere have deep issues ranging from completely missing features (typical) to complete market irrelevance. The only way to make back the money under these bad economic conditions is exactly what Hock is doing.
Yes, bullying and boys club is what was happening at VMware. BC should bring a refreshing transparent culture rather than the pretence and hypocrisy on display at VMware.
I don't think everyone understands Hawk's language.
Easy to understand, he is a total cünt.
Hey Hock, get your áss into the ring, I’d like to clean the floor with you.
Oh well, some people prefer leaders that lie on their faces and promise the moon
I prefer leaders who are driven to make money but are not dïcks. Hock is a total dïck. Glad I got to see it first hand, now I’m out. No need to have a toxic company be part of my life.
"The VMware platform will be legacy relic that people will talk about fondly as a thing that mattered once."
This is a key point that I believe many AVGO shareholders have yet to comprehend. VMware is not exactly like CA and Symantec, even though both are relics of a past era.
Investing $61 billion to acquire a product portfolio that's already past its prime was foolish. Furthermore, every time Hock Tan talks about the VMware Cloud Foundation merely demonstrates his lack of market knowledge of the enterprise software space.
He clearly doesn't understand that VMware has little mindshare in the cloud services arena. So, he's essentially paid a premium price for a sub-optimal solution provider with limited upside growth potential.
Besides, there is no validation that VMware customers feel 'captive' in the same way that CA and Symantec customers have proven over time. Capitalizing on customer apathy is not a growth strategy in the evolving cloud-based B2B SaaS marketplace.
then using such language like butt to office and all, come on man
Let’s not forget the reference to Jesus walking on water.
Hope he doesn’t mind the analogy of me gifting him a pair of cement shoes.
Hock Tan looks visibly exhausted. This process has been hard on him it appears.
The first good news I’ve heard all week.
Thanks!
The stock ticker is AVGO. Hock cautioned when he took over classic Broadcom that the company is Broadcom in name only, but it's really Avago. He will drive it like he always did, so no one should expect it's business as usual.
VMware destroyed the culture of every company it acquired, it's just a bit of karma. VMware wasn't a great place to work, just read Glassdoor. Bullying and an old boys club. With the acquisition hopefully BC can root out the nastiness and make VMware a more equitable place
Post ID: @oxs+1pYQwu84
The best post I have ever read in this forum! Thank you!!
"You have bought a very well-reputed Silicon Valley tech company, not the people who are working there. All those smart and hard-working people have taken that business to that height where you had to take a loan from 4 lenders to buy such a valuable company. You cannot use such language on people."
Hock Tan looks visibly exhausted. This process has been hard on him it appears.
@oxs+1pYQwu84 I don't think everyone understands Hawk's language. The first thing he said on Coffee Talk wasn't who he is but everyone is free to choose what fits (understand what that really means). The following 1 hour was Broadcom is about no culture, RTO and you will get paid well on equity. So, choose or be chosen as the outcome. You can see what has been done and in the process are all in line with what he said.
His assessment seems about right to me. VMware is done and now it is just a case of driving away employees that cannot be let go on day 1 and squeezing customers for every penny that can extract. Anyone who thinks otherwise if a fool. The VMware platform will be legacy relic that people will talk about fondly as a thing that mattered once.
So, you clearly didn’t like to hear what had to be said. Oh well, some people prefer leaders that lie on their faces and promise the moon.
Your company is not supposed to be your babysitter. Ask a farmer if the sun and the rain have compassion on him. Some people completely loss the notion of the reality. Venture Capital to put money on unprofitable unicorns is gone.
His speech is strange. Tends to be vulgar. By now a lot of people heard about it. I was surprised he addressed a room full of professionals as he did. I bet the audience was also surprised.
I can understand as a business leader Hock Tan had to make some job cuts and those 4 divisions of VMware per his vision on how he wants to operate and all, however, the kind of language he is using on his first-ever town hall to his newly acquired people is something that stinks. It shows how ruthless a leader you are going to be.
If you want people to RTO then there is a nice way as well to say this and make it a policy that aligns with human values and considers an employee a human being first.
You have bought a very well-reputed Silicon Valley tech company, not the people who are working there. All those smart and hard-working people have taken that business to that height where you had to take a loan from 4 lenders to buy such a valuable company. You cannot use such language on people.
This is like buying a corner restaurant, or a gas station and then using such language like butt to office and all, come on man, give us a break. History will never forget such a toxic leader who is working his butt-off to keep his investors happy on Wall Street at the cost of people's sentiments, scaring them. Total BS.
Eventually, employment is a contract between the worker & a job creator, but that comes with dignity from both ends beyond just the salary & benefits you provide them. Human factor is super important where should feel they are respected, and those feelings cannot come with $$s, they come from great leadership words.
Whether VMware or Broadcom will be successful $$ wise or not, is a separate thing, Hock Tan as an individual has lost respect in my eyes. I don't want my life to be controlled by this dictator, and for what money? No worries, I will make it eventually enough for me to survive, not at the cost of selling my self-esteem to this arrogancy.
Why is everyone shocked? Pretty much everyone with knowledge and experience from the previous M&A activities told VMW folks what will happen. I feel bad for those VMW folks who were unable to see reality ahead of them, and hope they are able to quickly move on to something else.
He will destroy the culture, many good people will leave, and yet still be successful on Wall St.
And he will be happy doing it.
I heard he likes to attend funerals to dance on graves, it’s a calling. He just answers it.
You may recall that Forrester's opinion of the outlook for VMware employees, customers and partners was also negative. I wonder what Garner and IDC are telling their CIO clients.