The layoffs of 577 workers will occur at the company's office at 6500 River Place Blvd., according to a WARN letter sent to the Texas Workforce Commission.
https://eu.statesman.com/story/business/2023/12/07/broadcom-vmware-layoffs-austin-texas-warn-act-notice/71840183007/
Hack Ten needed to layoff these people as he needed to purchase more dog and rat meat to eat....
Austin was the home base for many Central Region sales and support employees as well.
"Austin was primarily HR and some R&D."
Not true, there were (before the cuts) many sales and customer support reps in Austin.
Wow, that's unfortunate timing, now Broadcom will have to absorb the cost of all that unused office
Here is where you are mistaken. I used to work in San Clemente office. They closed that office earlier this year and started consolidating even before acquisition.
Vmw leadership knew about it and executed BC plan to avoid losses for BC.
River place had 3 buildings. Lease extended only on 1.
BC had 18 months to plan and avoid losses.
Austin was primarily HR and some R&D.
Bulk of HR was let go (can’t you see what happened to stock plan administration? Or, rather how nothing happened properly)
R&D was retained in the first round
Is this where VMware payroll is administered?
Austin had 3 offices buildings. Looks like 2 closed and lease on one extended. That should have been a clue for the layoff size
What teams got hit? Engineering stuff?
"The Austin River Place facility signed a new 2 year lease agreement just a few months ago."
Wow, that's unfortunate timing, now Broadcom will have to absorb the cost of all that unused office space or sub-lease the space to other companies. There's already lots of excess office space in the Austin market.
These layoffs are just starting. HT's need to control all assets, including you, is what you will now experience during your work life, and of course, will spill into your personal life. The perfect slave.
Incorrect on some information above, the Austin River Place facility signed a new 2 year lease agreement just a few months ago.
"Why would somebody cut more jobs in Austin than in Bay area- doesn't make sense cost wise?"
This is likely a plan for VMware to have fewer office locations across the U.S. geo. When you combine these headcount cuts with the employees who already declined offers there are now far fewer employees in Texas. And this is just the first wave of cuts.
Slash! Burn!
Hock smash
577 out of 1000+ employees, is 60% cut, looks like Austin took huge share of job cuts. Is this more than just job restructuring? Why would somebody cut more jobs in Austin than in Bay area- doesn't make sense cost wise
close most of them once the lease expires. it's a quick way to cut costs.
And yet Octane refuses to save those costs. And instead tells us to go back into the office. Nick job, Hock.
Multiple BUs are affected. These large office buildings were not used much. So I expect AVGO to close most of them once the lease expires, it's a quick way to cut costs.