I’ve heard multiple references from senior executives that the number of terminations in Nth America is going to be upwards of 50-60% of the total workforce and that most of the employees affected will be let go by mid-November.
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In a forum filled with funny posts that might be the funniest one yet. I guess they are moving marketing to the PTC. I think the ad would sound something like this
“Here are Broadcom Software we are leading you into the 22nd century with our innovation and strong communication skills. Our team of heart surgeons is working on making your 787’s, smart devices, and mainframes into the worlds most cutting edge technology devices. One example is Vantage, our 20 year old storage management product that can tell you your free disk space on your mobile and cloud devices (NOT!)
Come join us for CA World 2020 at the Prague Home for Rehabilitation and Elderly Patients as we display how our clients pay us millions of dollars to run their mainframes like it’s 1989”
Set to Queen’s Bohemian Rhapsody....
@VSGrlZY-1iim Programming in COBOL? You apparently know nothing about mainframe products, or computer science in general. You mock anyone who isn't on the "trendy" language or platform, but who do you think develops the software for your smart fridge, or the latest 787? It certainly isn't written is Node.JS. Niche markets and low level code will always exist, and someone has to write it. A lot of doctors can be general practitioners, but only a few can be heart surgeons.
BTW, the Borat line did make me laugh though. For more reason than one. Look up Kazakhstan, and then compare it to your post.
@VSGrlZY-1rhc - I agree. Strategy wasn’t bad it’s just the execution under Bikeboy was awful. It’s as if the acquisitions were random with no tech strategy. Companies had zero tech synergies - all they did was add to the buzz words of his babbling presentations.
Regardless those days are gone. Ferry Captain Ahab won’t have to haul a-- to Hyderabad and can focus his trips to Europe around ski season. NotReddy can work on his comp scindegree while the buzzards pick apart the carcass.
@VSGrlZY-1mss - it's tough, i know you want desperately to be recognized as the best. But screaming and hollering on this board here and claiming that you're the best just doesn't quite sound super convincing. The proof is in the pudding as they say. And quite frankly, until now, i hadn't even heard about you ... nuff said
“What made CA a bit intriguing was using those profits to innovate in Enterprise Software and acquire cool companies with the hope CA could become a 21st century software company.”
Name a single acquisition done under Gregoire that was accretive to earnings. I don’t think there was a single one.
The last good ones were before his time, like Niku.
I’m well aware that mainframe was half the revenue and all the profits for CA. What made CA a bit intriguing was using those profits to innovate in Enterprise Software and acquire cool companies with the hope CA could become a 21st century software company.
But HockALoogie paid 19 billion for those profits, so god bless him. CA enterprise software won’t survive for too long off the mainframe tit.
But I was never interested is mainframe except for the profits it generated and the perks that led to. More power to those making a good living off it.
But please let’s not glorify the engineering on that side of the house or the technical prowess of the PTC. Cleaning out septic tanks might be interesting from a civil engineering perspective, but no thanks. Getting VCR’s to work to convert tapes from analog to digital is probably very challenging, but no thanks. So congratulations to the PTC - you are so far down the technology supply chain the ITC is actually outsourcing TO YOU! There are probably other opportunities to take jobs from India if you develop your phone scamming skills.
@VSGrlZY-1iim, your sanctimonious post doesn’t escape the fact that out of all CA’s revenue, over half of it - as well as the majority of the company’s profits - are from the mainframe.
Amazing coders from anywhere mean nothing if the product doesn’t generate revenue and margin.
And by moving even more to the PTC Broadcom can squeeze even higher margins out of mainframe.
Let’s name all the world leading technology companies in the Czech Republic...Craneballs? Comprimato?? AVAST???
You guys are just a bunch of Borats who can program in COBOL for 30,000 dollars a year.
It’s working on a f---ing mainframe, I’m sure it’s better than snitching to the StB but please don’t think it’s anything a US college graduate would ever go near. Enjoy your time before Kazakhstan becomes the next mainframe innovation center. Very nice!
Infighting doesn’t help. However, Broadcom is looking for stable enterprise revenue. That doesn’t require amazing talent wherever you find it. And you can find it outside of the US and Western Europe cheaper.
@VSGrlZY-wtu Sounds like you are the one who is conceited. Either you overestimate american engineering talent, or you have your head in the sand. PTC innovated and revived products that NA deemed dead (ie: Vantage) or because you lot couldn't be bothered to think outside the box.
I'm not buying the whole PTC thing - it's usually the ones who are conceited about their engineering talents that are the worst.
Suppose one american engineer is worth 5 PTC ones. Then how would we estimate it in ITC heads?
Be nice people. I don't work in the US or Prague, but know you both to be as capable as each other
@VSGrlZY-wtu It's not Prague's fault that american engineers can't write maintainable code to begin with. It's all moot anyway, once all of your "innovative" product is shipped here it will finally get the maintainance and improvements it needs thanks to actual talented engineers.
@VSGrlZY-fsb is actully not that far off. You could get like 3-4 juniors engineers for that 80k US salary and other bonuses. Although 3 is morelikely number as here in Europe there are high witholdings on social security/healthcare that are paid by employer. As for seniors you are looking at 2, 2,5 at best.
The labor market here has seen some dynamic growth with strong pressure on salaries. There is more job openings in Prague/Czech Republic as a whole right now then there are unemployed on the market, so its likelly to get even "worse"/"better" depending on your point of view. And when it comes to engineers its going to be difficult to find them unless you pay them well here, the labor market is pretty much depleted of these people.
Just my two cents from Prague...
I'm sure that the person who is pushing PTC so shamelessly is probably desperate - none of the BC execs are reading your post and thinking - geez maybe we should give all this work to PTC ...
@VSGrlZY-pzo, yes those PTC engineers have been so talented. Then why is it that they've been sending US engineers over for the past six months or so to help you learn how to do your job?
It’s a financial transaction - how to squeeze the most profit out of 4 billion dollars of revenue. The answer is firing as many people as possible.
You do need North American engineers to have a growing company with innovation and the capability to solve new business problems with technology. No company has ever done that out of Prague or India.
But CA has struggled in that area for years and with Broadcom that model is dead. Prague and ITC are the new software nursing homes - trying to keep patients alive by doing the minimum. P. S. None of the paying customers are in India or Prague because there are no successful companies in those countries that can afford CA software. Our customers are in the US, Western Europe and wealthy Asian countries like Singapore.
Your best cases scenario is working on bug fixes and point releases for the next three years.
they're not purchasing a software company only to dismantle it. they're interested in key areas of the business - mainframe and enterprise software. those are the key areas. what exactly they look like is another question, which remains to be answered.
Yes because CA is being dismantled. Why would the employee be needed?
Broadcom isn’t purchasing a software company.
They’re dismantling one.
whoever is posting the PTC advertising - i'm sorry but you can't speak for all NA offices. A lot of the problems that existed for organizational ... not the engineers themselves.
You honestly do not need to hire American developers to have a highly performing team. PTC has been producing extremely quality work for the last few years, better than ITC in most aspects. Attrition is not as high as people make it out to be, most of my PTC team has been around for 5+ years. Once the dust settles people do actually stick around AND they are passionate.
Developers in NA offices have been mediocre at best, its high time we trim the fat and utilize the best talent in offshore. All I will say is: so long, Super Sr Principal Architects who never bothered to do their jobs while being overpayed!
Probably a few years ago but Prague is the new India for outsourcing. Attrition also very high both areas losing talent for yeras so pay has to be higher not as much as NA but labor laws costly too. Salaries on east and west coasts NA are crazy compared to rest of NA
@fsb you are probably looking at $35K to $40K for a solid engineer in Prague. At that comp level, he or she is also a flight risk.
My thoughts exactly
Thanks for confirming what’s been circulating for about 2-3 months
@VSGrlZY-fsb 5 might be high. Definitely 2-3 especially when you replace senior tenured people in the US with junior people in Prague. Benefits are a lot less there too.
"Of course. Since for 1 NA employee that needs to have daycare, private healthcare, carpool, over 80k salary, you can get 5 good engineers in Prague." - are you sure about those stats?
Of course. Since for 1 NA employee that needs to have daycare, private healthcare, carpool, over 80k salary, you can get 5 good engineers in Prague.
Thanks for confirming what’s been circulating for about 2-3 months
which areas specifically? have you heard any more details?
That's not news. Unfortunately.