I heard Islandia is closing end of March
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It's a sign of the times more than anything. How many company offices (especially outside the bay area bubble) have CDC's and cafeterias and gyms etc? Not many. The industry trend (which I agree with) is to spend more on salaries and let your people buy those services on the open market.
What I am hearing is that downsizing will be throughout the year with a skeleton crew till March. For those employees less that 5 years will not receive a beatifically severance package. I work in the Analytics department for less than 5 years, and is actively looking for a new position. My management are a joke and only looking out for themselves.
I agree with @Uzx0c6S-2adx. Anyone who thinks Islandia is staying around is a fool. CA’s presence in that building has decreased more than 50% since its peak, no top executives are based there, and they are closing the CDC and other functions. Anyone who remembers the big model in the atrium showing further expansion and hotel space will also remember all the SAP consultants sitting under umbrellas in the expansion wing.
Maybe - just maybe - they would keep a floor or two if they couldn’t wind down fast enough, and as you have to badge in and out on each floor anyway it wouldn’t be a big deal. I wouldn’t be surprised even if CA wasn’t sold that Gregoire wouldn’t close floors in Islandia.
I remember the days when they closed the expansion wing and had it all boarded up until they sublet, this will be little different.
But the lease is getting close to the end, and Broadcom could bake some lease termination fees into the acquisition costs and write them off. I think they plan to exit Islandia will be next year. 520 Madison would be downsized or closed as well. They don’t need all those floors at that cost per square foot. I doubt Broadcom would want to pay that lease.
Name the last good thing Islandia has had. Don’t worry I’ll wait. That building used to hold 3,000 people and now there is less than 1,000, with massive layoffs coming where we are only going to have 120 headcount in Islandia, and the data center is completely ripped out. So no growth, reinvestment, or strategy in favor of Islandia. Why is that so hard to see?
There is no “fear mongering” going on, it’s reality. People are so naive. Everyone in Islandia is predicating their success on the fate of Hock Tan not closing Islandia. It makes 100% business sense to close the building and not renew the lease. Have your resumes ready, or stay on the sinking ship until it sinks and the market becomes over saturated.
A lot of trolling but a lot of logic if you’re a CA insider too. Broadcom has to make this deal make financial sense, and as they are a chip company and not software they are buying for the revenue stream. Mainframe IS that revenue stream.
Amen to that. Trolls and people without a clue, posting as if they have definitive information when really they have jack s--t
@Uzx0c6S-2ntv There is no point in reading any of these posts; this entire message board is full of trolls.
Where are you people getting this information from? If you're going to start a rumor, at least have the decency to pretend like you have facts to back it up.
Santa Clara was Gregoire’s baby. Even the HR there said they could never hang on to employees as CA never offered the same perks or equity. Gone. Any remaining heads there get pulled into San Jose at Broadcom’s HQ.
Plano I can see keeping, it’s cheaper.
They will keep Islandia for an extra year or so, then they will recreate jobs in Plano, Santa Clara and Burlington. I doubt very much there will be an office in NY. Why pay people extra in NY when you can create the same jobs in Plano for way cheaper at an established building?
I could see this happening as they cut down all the remaining backoffice staff. They could open a small office that holds 50 people or so and make any remaining field people teleworkers (mainframe renewal people and a handful of backoffice people would have a desk/cube).
Time to go back to the days of Charles and put these people into a “Class B” office somewhere in Hauppauge. No need to spend $1 million a month on rent for Islandia. Easy cut there.
I heard Long Island is seceding from New York State.
Every one will be working from home with no remaining offices?
What is your source for this? Thanks
Islandia closing . Hyderabad closing so which will remain open?