Just for sh!ts and giggles, I took a snapshot of the number of FTEs at VMware back in January of 2023, which subsequently dropped by about 1,000 by the time of the Broadcom's acquisition close in late November, and has since dropped by an additional 7,000 since that time with the latest round of layoffs a week ago of about 500-1000 folks. That brings us from about 38,200 VMware employees in Jan'23 to about 31,200 employees now, or just over 18% of VMware employees in the past year through attrition and layoffs. Having said that, we're not done yet. I know of another round of job cuts that is coming in April from folks with transition letters that have that termination date, but what I'm expecting will be the next big round of cuts in addition to continued attrition, will likely come soon after BC's Fiscal Year End on October 31st. I'm guessing they're aiming for a total 25%-33% headcount reduction by the end of this year, or possibly much higher if they manage to sell off the Carbon Black and EUC business and jettison those employees from their payroll. Also, if you're a core AE or SE, ask yourself why BC would continue to need two sets of core selling teams (BSG/CA&Symantec and VMWare core teams for each account) beyond a 1 year transition period. Having said that, if this your role with the VMware side of those house Today, better pack your bags and your parachute and make sure you have an exit plan, because this state of anxiety that you've likely been feeling over job (in)security for the past two years is not likely to get any better this year or any other year after. Best to always have a plan B or look elsewhere, hopefully some place where people are treated more like humans than like cattle - that's exactly what I'm actively doing now.
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Some people here assume and read way too much into the 13k RSU number and state as fact that it represents the number of people Hock intends to keep. Unless they have executive insider knowledge (which I highly doubt would be taking the time to post here if they did) or have Musk's thought-tapping implants in Hock's head, they have no clue as to what Hock's intent is with that move or what those numbers truly represent. The fact is that the totality of any RSUs granted and vest quarterly every over 4 years, that doesn't change the fact that you can still get laid off at any time and only collect what had vest by that time. Wait until you see what is coming on that front too. It's all there for all employees to read, most people just haven't taken the time to read what is available to them on the HR portal. So those RSUs are just their leverage to try keep some people around until they no longer need them in about a year or possibly less. I suspect - and this is complete stipulation on my part - is that many of those people accepting "full time" offers as opposed to "transitional" ones, will find out the hard way within the next year or so that they were ultimately transitional in real terms, with the carrot being RSUs that vest over 4 years but with the reality being that they will only be able collect 1/4 of that at best. In my case and I suspect many others here who were issued some RSUs as part of their offers, these only barely even come close to covering what will have been lost in real and tangible financial value over that timeframe - yes, I have done the math - as they relate to benefits and compensation changes, some which occurred right away while others will come over next few months, so no much of carrot for me. You should take no comfort in thinking that those granted but yet to vest RSUs mean you're safe for anything more than the rest of this year at best. Take my advice, don't be complacent and start planning for the very real possibility that you may be out by or before that time no matter what you do or how hard you to try to avoid it - they make every decision by spreadsheet at BC. Start looking for another job elsewhere now and while you are still employed and also start topping up or starting an emergency/rainy day fund if you don't already have one just in case you don't manage to make the jump before they push you out of the plane mid-flight without a parachute.
We'll find out "soon" if they are rumors or not. Who can blame them after that
borderline unhinged Slack post from the CTO?
Huh?!?! Please elaborate, I appear to have missed that one. By CTO, did you mean Kit Colbert?
How so?
They're still just unfounded rumours. That statement still stands.
“Be better.”
Well that didn’t age well, eh?
"EUC's plan is to grow up to 4K but I think they're still under 3000."
Yet more proof that Shankar and his leadership team are heartless. Last in, first out. All these new hires will be terminated by the PE buyer. So irresponsible to hire anyone now.
"The board approved stock grants for around 13,000 something people. That is the number of how many were kept out of the 38k."
The headcount cuts will continue until AVGO reaches its ultimate goal. Attend the next quarterly call with Wall Street analysts, as they probe HT for layoff expense write-downs and cash flow updates.
Running /Graph today Wed 7th Feb 2024 gives: been here longer than 90.29% of 31183 FTE employees
Hock gave RSUs to every FTE employee he plans on keeping. The board approved stock grants for around 13,000 something people. That is the number of how many were kept out of the 38k. Everyone else was either laid off, transistioned, or part of a BU being sold off. Get your numbers right, and more cuts to come.
We'll find out "soon" if they are rumors or not. Who can blame them after that borderline unhinged Slack post from the CTO?
They are just rumors. And suggesting that they are not rumors is just adding more rumor on top of rumor.
Be better.
Carbon Black sh-t canning rumors are in full force. I do not think they are rumors.
The March 1st vs 16th in UK depends if you have RSUs vesting on March 15th. So people who don't have vesting RSUs the end date is March 1st. For people with vesting RSUs the end date is March 16th.
“ EUC's plan is to grow up to 4K but I think they're still under 3000. As for real estate, EUC has been relocated to Creekside C and I believe that is part of the package for whoever buys it. The rest of the campus that is unused is already up for sale.”
It will still result in headcount reduction and there’s a lot more real estate than just Palo Alto to sell.
Ireland have a finish date in Feb of the 9th (redundant, no offer), 16th (turned down transitional offer) or 23rd (group they tried to convince to stay by ignoring initial decline!!) depending on the group you fell into.
Number definitely exceeds 7k!
They still have to start in the big European countries . UK letters went out on Monday, but people will only to start leaving in March (hear conflicting message about March 1st and March 16th) . France & Germany still have to start . Not sure if the Ireland staff who received notice are already out of the system.
Just 7k? It’s not as bad as what everyone anticipated
"EUC will result in a 4K headcount reduction, not sure what CB will be. Lots of real estate will go up for sale too as HT pays down his debt. "
EUC's plan is to grow up to 4K but I think they're still under 3000. As for real estate, EUC has been relocated to Creekside C and I believe that is part of the package for whoever buys it. The rest of the campus that is unused is already up for sale.
7,000 (not 8,000) gone since Jan'23
38,200 - 31,200 = 8,000 as per numbers provided by OP, some VMware-quality data analytics here :-)
As a core seller I’ve made over 7 figures
a year in W2 income the past few
years... trust me no stress over job
security!!!
So happy for you, but likely not typical of the vast majority of core sellers at VMware perusing the posts on this board, which begs the question as to what you’d be might doing wasting all you precious money making time on here? You mean to say that you don’t have anything better to do with the vast sums of money you have made over the years, your free time and lack of stress? I’m sure I’d find better outlets for whatever you call your privileged condition than to spend my time here, that’s for sure.
As a core seller I’ve made over 7 figures a year in W2 income the past few years .. trust me no stress over job security!!!
Not too do too much inside baseball, but the /graph command someone implemented for the VMware slack will get the total number of employees based on SSO account.
And where did you get this snapshot? Are you the one quoting numbers based on the # of people in a slack channel at a given date?
Where are you getting your numbers for current employees? Does it include the thousands who were laid off and brought back as contractors (not transitional)?
EUC will result in a 4K headcount reduction, not sure what CB will be. Lots of real estate will go up for sale too as HT pays down his debt.