A month ago I was looking online at our careers site 500+ jobs available now only 50???? People team and the talent team cant tell me whats going on, WHY?
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Euroboy is completely wrong. Even if there is no hiring freeze there is no way anyone not criticial to running the business and protecting the asset will be actually hired and onboarded.
If the job reqs are in countries with stringent labor laws (France, Germany, Italy) they will NOT ever be filled. AVGO wouldn’t want CA to hire people that can’t be easily and cheaply fired later.
Even if they do go ahead you will see delays, both in finding candidates as well as interviewing and doing background checks. They will be slow walked until November.
I’m a M&A guy and I’ve seen this movie before. There’s money in breaking apart CA and selling the high growth/low profit parts.
And Europeans...they feel they are soooo special. This is a US sale. It may take longer to lay off people outside the US but it WILL happen. Or you will end being sold to an Indian Service Provider or other company.
There seem to be no regulatory hurdles left, this deal will get done and the worst experiences that people rumor about will happen. Face reality.
“Pretty penny” is a US term for a lot of money, like maybe 800 million US dollars. More than what CA acquired them for.
When Broadcom first made the announcement, I thought it was a strange acquisition. Then I was hopeful that is was the first in a series of software acquisitions for like companies such as BMC, and there would be real hope and opportunity moving forward.
Then I read the history of Avago and some of these threads and became less hopeful. Then I spoke with other employees in the know and became more concerned. Then most of management went dark and the ones who spoke off the record confirmed most of the rumors. Little by little the head of HR has confirmed the rumors.
Yes this could be a freeze right before the acquisition, but this is not a normal acquisition. I’ve been through over ten - in a normal acquisition the existing business plans are kept intact and by know the future integration and synergies are known. In this case, in my opinion, they can’t announce he strategy until after the close because the strategy destroys the enterprise software business in 12 months (through divestiture, shutting down barely profitable products, and massive layoffs). Cancelling CA world is just the latest sign of true way things are pointing. This is not a normal acquisition it’s a 1980’s style corporate raid.
some of this stuff is so redicules, have you ever seen an aqusition where there was no hiring stop? Veracode, a leader in Devops security for pennies? cmon! I mean yes its not sunshine but its not the end of the world either. Stop stressing out!
The data is there on www.ca.com/us/company/careers.html or in the internal web site.
There are now just 55 jobs open, prior to the announcement there were near 600. It looks like nearly all of them are Veracode. Veracode should escape relatively untouched from the carnage - they were never integrated, they have a good brand, some senior leadership is still around to protect them, and they are probably (the only thing) more valuable than when it was purchased due to the US tax cuts and stock market run up. They aren’t very profitable so expect them to be among the first to be sold for a pretty penny. Watch Broadcom stock jump when that is announced and the strategy becomes clear.
As for everyone else, yes trouble is coming. Bikeboy’s Statements in May about 800 layoffs being needed to drive digital and SaaS were a lie, it was just prep work for the merger. Cutting open the stomach so the organs can be harvested later while the patient is still alive.
In my BU, we are still hiring, nothing is frozen, I see tons of b---s--- on this website. You all scream like ants.
FYI Im EU Based, stop thinking CA is only about USA....