China will delay this - they have 24 hours from now to get approval and if they don’t this deal will be delayed.
For those who did not get letters this means you stay on payroll during the delay and none of the WARN notice or your severance starts until the deal actually closes.
Everyone laid off gets paid for no work and to look for other jobs. Honestly what better outcome to these executives screwing you than getting paid to do nothing! Awaiting severance!! Fu--ing classic
There is a God
island? is't been done before? nope. it has NOT been done before. and SAMR has beefed up its rules so it will be very difficult to do something like this now. the issue isn't just VMW, but also Broadcom revenue. Will Hock Tan want to pay a 10% penalty from the worldwide revenue? I doubt that very much.
Lol copium... It's a done deal get over it
Company meeting canceled- there will be delay!
why 24 hours?
Nah- Gov. Newsom met Xi in China this week. It will be done.
“You will wake up from your nice dream then”
Maybe attend the all hands at 9am du----s and you will be woken.
dreaming is not a strategy.
I heard access to systems will be cut sometime between midnight Sunday and early hours Monday. You will wake up from your nice dream then.
good luck!
“ China will remain an island pretending to be 2 companies”
Wrong.
that's not how this works at all. everything else will merge and China will remain an island pretending to be 2 companies. Ultimately anything not CIBG and NSX will get cut and China is only a few hundred headcount in VMWare anyways. Easy enough to have VMWare "shut down" in China, pay a severance and then rehire everyone into Broadcom. It's a workaround, it's been done before.