Thread regarding VMware layoffs

If acquisition fails when are VMW layoffs?

Reviewing the facts of our current situation:

  • Extremely unlikely Beijing changes their mind before Nov 26
  • Acquisition cannot be extended past Nov 26 so it naturally terminates

This means VMW is back to square one and has to make tough decisions to reduce costs just like other companies, even more now due to the damage it has sustained from the failed acquisition.

Given this, when do you reckon VMW would start layoffs? My bet is that they have a big round of layoffs in mid Jan. My reasonings for this:

  • They will wait at a minimum until the outside date of Nov 26 to "try" to salvage this situation
  • If the situation is not salvageable by Nov 26 then it will take at least 4-6 weeks for them to decide what to do next and schedule potential layoffs
  • This puts us out to mid Jan at a minimum
  • If layoffs happen mid Jan I am expecting the usual VMW policy, non working 60 day notice through mid March at least and then a 2 mos + 1 wk/yr standard severance

Thoughts?

by Anonymous
| 3011 views | | 11 replies (last October 31, 2023) | Reply
Post ID: @OP+1plmK89h
Comment! It's anonymous!

11 replies (most recent on top)

VMware likes to layoff employees towards the end of January every year so most likely around then. But regardless of that, it will be interesting to see how many employees leave on their own should this deal fall through. Morale is toast

by Anonymous
| | Reply
Post ID: @1xxa+1plmK89h

We all need to be prepared for the deal failing to close.

Anticipate the layoff. Conserve your cash and create an emergency fund to pay bills, etc.

by Anonymous
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Post ID: @gnw+1plmK89h

Anyone who was waiting around for the serverance should get real busy finding a new job.

by Anonymous
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Post ID: @voz+1plmK89h

Magoo would lead this next chapter, but with a $50m attitude. Scary scenario, on so many levels. Su-ks to be him right now

by Anonymous
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Post ID: @dvk+1plmK89h

If the deal fails - and nobody knows it it will - then VMW will be in a very tough spot... and us employees along with it.

by Anonymous
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Post ID: @och+1plmK89h

Read the merger agreement. The outside date (Feb 26th, 2023) can only be extended three times by 90 days each. And it has been extended 3 times. November 26th or bust.

by Anonymous
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Post ID: @ifq+1plmK89h

It's a fact that VMW executive management is weak. A strong leadership would be actively planning mitigation actions and staff decisions to execute right after the deal is officially canceled, hence saving the stock a bit. In reality they checked out a while ago and they do not have the ba--s to lay off anybody in holiday season anyway (it wouldn't be an EPIC2 action).

I can expect late January or sometime in February for any action and only per pressure from MD and Silverlake.

by Anonymous
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Post ID: @oar+1plmK89h

Both parties can agree to extend the deal and they will. Stop perpetuating the myth that Nov 26th means anything.

by Anonymous
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Post ID: @hkv+1plmK89h

Erm, China hasn't said no, they just haven't said yes.

I expect the deal will still go through, but have your fun speculating here on what might happen if it doesn't.

by Anonymous
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Post ID: @oau+1plmK89h
1st. It’s going through. There’s too much money at stake.

apparently you have no idea of the history of the CCP. They could care two hoots about this deal. This is going the same direction as Intel and Tower, infinite delays with no end in sight. This deal is pretty much toast at this point.

by Anonymous
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Post ID: @laq+1plmK89h

1st. It’s going through. There’s too much money at stake.
2nd. The deal only needs China to operate together in China.
3rd. There’s enough business influence outside of the two parties to push China

by Anonymous
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Post ID: @mzl+1plmK89h

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