What does everyone think the numbers will be? I’ll take a stab
Day 1 Layoffs - 3000 people
Day 2 Transition - 4000 people
Number of Divestitures announced in November - 2
19 replies (most recent on top)
BRCM does not play, I know a gent that went through the Broacade acquisition and the numbers don't lie % wise. BRCM will cut deep day one, somehow HT figures it out on the back end, but there will be little life left if any in terms of CA employees being transitioned over.
@VCJfaus-1uph There is nothing wrong with off shoring products that have stagnated and entered maintenance mode. Attrition is really irrelevant, out of all the products I've worked on none have suffered because any and all staffing shortages were quickly addressed.
@VCJfaus-1rfe I do not agree with cutting any of mainframe. It has been understaffed for years and funding distributed garbage products. Octane won't gut MF R&D but right away but will shift as much as he can from NA and ITC to PTC. Before MG CA always offshored products after they stable and do not require too many new features. Companies shoot themselves in the foot when offshoring R&D to ITC and PTC. It is cheaper labor but attrition is very high in ITC and PTC so it's worse for company in the end but companies only care about hitting quarterly numbers now not long term. Octane doesn't care. He wants sticky products that he can raise prices with minimal support.
If you assume a 10 percent across the board cut, then targeted 75 percent cuts to Finance, GIS, Sales, HR, legal and marketing, I think you get to 4000 pretty quickly for day 1 exits
ESTG, Support and Services are probably higher than 10 percent day one, if they are 20 percent it’s closer to 4500.
“Base of 125k” wow I must be seriously underpaid. Haha. Or in the wrong career. That would cover at least two people in our team. And more I know in other teams that are probably only on about 35k usd. We are in a support function though not tech people.....
@VCJfaus-1rfe Easy, move the remainder of mainframe development to PTC. I can imagine the cost savings in that alone will be enough to justify the move. Hey, we might even get some innovation for a change instead of the stagnant mainframe developers we have today.
@VCJfaus-1scp, do you actually work for CA? Most of the MF R&D is at 4-5% of revenue. How much would Broadcom actually save to gut MF R&D and move it? Bike Boy and Mike M. already did that from 2013-2015, not much more to cut there.
Day one will be at least 5000 cuts. Happy Thanksgiving and Merry Christmas! I pray for the families getting scr----wed over. Thousands more in a few months because takes longer in non-NA and they probably keep 1k on transition.
Out of 11,000 CA employees, maybe only 2000 will remain after a year and most of that will be mainframe R&D and support. Most distributed divested to help pay for $19 billion Octane borrowed to buy CA. Already rumors that all mainframe moving to Prague from ITC and ITC get some distributed and NA only will have some SMEs. The company is dead for career growth. I hope I get transition bonus and 6 months to find dream job.
4000 transition.
Doubt it. Unless that includes divestiture. Sec filing only has 20 million in retention bonus. Let’s suppose that the average transition stays on for 3 months at 125k base. That is roughly 15k bonus (50% of 125/12*3). So 20m/15k is ~1300 people
2000 minimum month one.
I agree. Whomever posted that 1000 is living in a fantasy. Broadcom cut 1100 from brocade and they were only 6000 total head count.
“At most 1000. They simply can't cut that many people and except the business to continue to function.”
CA itself cut 800 this year and there was no expectation of an impact to the business.
1000? Less than 10% reduction wouldn’t even pay the severance and golden parachutes, much less any of the debt incurred.
2000 minimum month one.
In 6 months to a years what is left of CA will be Mainframe, R&D and the very few products the decide to keep. So yes, day 1 will be 4000 gone, within the year another 5 to 6000, All that's left of CA will be 1500 employees supporting mainframe. A few sales guys wondering around in a cloudy haze trying to figure out how to sell to a customer that wants no part of the product under BRCM.
@VCJfaus-txu you actually explained the situation without meaning to - "They simply can't cut that many people and except the business to continue to function." True, but Broadcom DOESN'T expect the business to continue to function as-is. They've been quite transparent about this.
10000 laid off. Everybody gone. Jesus guys!. Use some common sense before blurting out numbers. Maybe you are in a sh-- department and you will get laid off ; that doesnt mean that you should be bad at thinking logically about things.
At most 1000. They simply can't cut that many people and except the business to continue to function. I laugh when I see people posting numbers like 4000 and 8000.
I go with the 2nd, day 1 4000+ gone.
The more the better.
In my opinion It doesn't make sense to write down numbers without any reasonable proof
Save your time and mind for other more important things
I think the total number is going to be ~8000. 4500 day 1 layoffs, 2700 transitions ranging from 3-6 months, 800 employees moving with 3 divestitures. Probably 200-300 of those will be terminated by their new companies.