Hi, first off, sorry to hear about layoffs currently happening within BMC, that’s challenging stuff. Good vibes to all.
Second, was wondering since we as in Broadcom EUC are about to undergo a similar fate to what BMC went through, I’m curious to understand what to expect near close regarding layoffs, comp, existing RSUs, the KKR ownership program, etc…
Any experience during the acquisition period would be helpful. Thank you in advance.
Update: VMware EUC, acquired by Broadcom, then spun off as Omnissa, is already in a rapid decline, just like BMC. There are no buyers of the legacy software companies that KKR acquired. They are stuck holding on to these declining assets. This trend inevitably continues.
BMC Software also stopped health insurance on the day of the redundancy. They couldn't even pay it for the minimum redundancy period or the notice period. How pathetic. And potentially catastrophic if you were run over by a bus the day after termination.
Don't expect any generous redundancy. They pay the bare minimum legal requirement, which will vary depending on where you live.