Thread regarding CA Technologies (CA Inc.) layoffs

@VJlr7iU-3xwf I sure am in Islandia. And once again, this is nothing new. We have been hearing theories and rhetoric just like this since the late 2000's. Even the occasional SVP came by and threatened that the office would close. Broadcom sounds like they might actually do it, but to be honest no one really is concerned here given past experience (except the usual panicked post on this forum).

Mark my words: Islandia will be here long after you are laid off.

@VJlr7iU-3icc you must be a Long Islander.

When CA built Islandia it was the starting point of additional buildings. I remember looking at the model in the atrium that had more space, a hotel complex and more. I also remember the SAP consultants working under umbrellas to keep the sun out of their eyes because there was no space left anywhere.

Now CA - not Broadcom - is subletting the entire 3rd floor as well as the expansion wing, and by most accounts (I’m no longer at CA but still have friends there) most other floors are pretty empty too.

Broadcom will consolidate and shut down what they can. Islandia may not be exited right away, but why would they lease after July 2021? Will they even have much of a Long Island workforce?

By the end of the year there will be less than 500 on Long Island.

6 months in I predict 300.

By 2021 maybe only 100-150. As people leave they will be rehired in a cheaper location in the US or overseas.

Islandia won’t need to be killed off, it will just die on its own.

Islandia isn't going to last past 2021. Sorry bud.

At this point I will believe it when I see it. We have been hearing for years how Islandia will be closed. My colleagues in Framingham, Herndon and Ewing have all been subjected to the same fearmongering.

And yet here we are in 2018 and all of these offices are still open. As far as I'm concerned, Islandia is here to stay. Sorry, trolls, I'm not falling for your dumb posts.

The cafeteria was booming when there were 2000 people in the building. Now CA will definitely have less than 500. You are talking something like 60000 sq ft between the two.

I could see maybe someone coming in and running it but not subsidized by Broadcom. The building will be mostly vacant. Who would want to do this?

Have they actually confirmed that they are closing the cafe and the gym? I had heard about the CDC but not that. I wonder if they will shut the ones in our office too although do have other companies using the facility. We also have a bus taking people from the station to the office. I could see that being something they would cut....

@VJlr7iU-1yna I have been reading the various posts.

It sounds like CA pays a million a month for Islandia, probably netting less than that with the sublets in the expansion wing (which is still largely empty).

The entire 3rd floor is also available for sublet.

There seems to be a reasonable vacancy rate for Suffolk real estate, as $21 a square foot doesn’t even fill the space.

Broadcom will be on the hook for the lease until July 2021. They can write it off of course but it’s a big expense. CA announcing shutting down daycare, the gym and cafeteria was telling about their future plans even before Broadcom. Islandia is on hospice care.

It is probably easier for Broadcom to keep one, one and a half or two floors in Islandia for the remaining people after the layoffs assuming there is no way to exit the lease. Two floors maximum and most people will be in cubes.

If they can exit, based upon their numbers they can negotiate office space somewhere close by, but I think it is easier to stay in Islandia and if anything negotiate a better deal. That may not be possible as CA may have signed a more restrictive lease in exchange for a better price per square foot.

For those who are hired on as Broadcom employees or are there for the transition expect to move to a consolidated space and see the rest of the building be sublet. And then if still employed by 2021 when the lease expires move to a different building or city.

not much is left at Islandia now, and what do you think in three months it will look like? that place hasn’t hired any engineering in over 18 months, building services disintegrating before your very eyes, the datacenter ripped out. do they want to pay NY salaries or outsource a tremendous amount of the engineering (30k in USD in India is a good life- that’s three NY engineers)? do you really think they will lease a new building to accommodate the 100-200 employees left in Islandia in months to come?

“Islandia will see some cuts just like everyone else but it will stay open.”

SOME cuts? To make the financials viable it will need to be more than SOME. Maybe half or more overall. Take away a ton of management, SG&A functions that are duplicative, reduce other functions and you can easily get down to 400-500 people left in Islandia.

The complete Islandia campus is 778,000 square feet. If the other post is somewhat accurate and the remaining real estate CA pays for is 400,000 square feet, you are talking 800-1000 square feet PER PERSON. Way too much.

Short term if everything else is closed Broadcom could move everyone to 2 floors and sublet, or perhaps threaten to leave if they don’t get a good deal. I’m not sure what happens with a “CA lease” obligation if CA doesn’t exist anymore.

But Islandia is where the brightest employees are.

There was another post that broke down the math better. If CA pays $10 million a month for 400,000 square feet of space, Broadcom can potentially save a LOT by moving if the numbers shrink to 400 people.

I understand the emotions here but there is a lot of empty space in Islandia that isn’t needed. Broadcom has to make their numbers work and closing Islandia is one method.

Islandia will see some cuts just like everyone else but it will stay open.

I've heard "that office won't be closed" before. Right before offices were closed.

I think the problem is that id--ts like OP keep posting this kind of nonsense without any real proof, and then they are surprised that people are not taking them seriously. I've said this before and I will say it again: no one has received any official word that Islandia will be closed. Yes, that will be a RIF just like in any other location, but that does not mean that the entire office will be gutted anytime soon. Yes, the lease will eventually expire, but that is still a few years away. Working at CA, you should know well by now that anything can change in a few years time. My own speculation is that it's far more likely that Broadcom will keep a floor or two going forward and just retain the people it needs there.

Unless, of course, you don't work at CA and you're just trolling.

Gdl posted on yammer that it won’t be. Perhaps Broadcom figured to let people slowly leave on their own, this way they save on transition bonus, severance, lease termination, etc. actually Santa Clara will probably be shut. I hear office and parking lot is empty. Somebody must know something big is coming

I agree. It's wishful thinking.