Has anyone signed it yet? Their conduct is very illegal in Europe. The ship is sinking. Seems like management are now panicking with the number of resignations and push back on the new package and threat of legal action. Ashok says in Town Hall “please give us a chance”. Sounds desperate. Car/travel allowances are being restored. RSU allocation is insulting - demand more! If you want to stay you can probably ask for more base as well. Good luck!
28 replies (most recent on top)
"Remind me Europe guys. What's your effective tax rate?".
In Italy It depends on your salary: from middle to above 45% for an employee, (it covers also the health public taxation as health care is free to a large extent, and ideally everybody should be treated in the same way when it comes to the cures). Higher for companies.
Remind me Europe guys. What's your effective tax rate?
@WJ4I3m2-peqa is what people refer to as a "useful id--t". Gladly cheering their own demise and society's race to the bottom, all the while the pigs engorge themselves at everyone else's expense. I guess once every country in the world once again resembles 18th century Russia then maybe the 1% will finally get lined up against the wall.
Yeah, welcome and celebrate back the slavery times. Curious to see when they introduce whipping employees again ... US is so poor on employees and people rights, 100% medical insurance is a luxury for you ? How poor is that ? Stand and fight for your rights.
Funny how the Europeans are complaining. Waaah, I lost my company car. Waaah, I lost 100% paid medical.
The US lost the company car around 2000, if not before. 100% paid medical also around the same time.
As others have said, CA Europe has been living in a bubble for a long time. That bubble has burst and reality is here.
No kidding. Company cars?? You have been spoiled. Welcome to the modern world.
And this is why CA sales could never sell software: you're all worried about your company cars and holiday bonuses. I'm happy you'll all get fired, good riddance. Bunch of incompetent mo--ns.
still plenty of people in EMEA have not yet signed the welcome letter. I'm waiting for my TERM :-)
BRCM org ppl are a mess. I'd like to see them paying for missing support... Simeone is looking for this... good luck highlander
Oh god... are you all sales people? Is that what has got you all concerned?
@@WJ4I3m2-1bao that might be true in the US, in Europe it couldn't be further from the truth. If we have contracts and BC comes and takes cars away (which are part of the contract), just by that are in breach of contract and local labour laws. 90% of people affected are sueing them, luckily BC is utterly clueless, so this will cost BC millions in packages. Our laywer is still on the floor laughing!
And not signing this insane "welcome letter" (should be called "Insult Letter") does not mean you are resigning - perhaps that happened in the middle ages. Thank god for the EU!!!
I hope that at some point, Hok has to explain to Shareholders, why he burnt the 18.9bn and has not reaped half the money back in! I want to hear that explanation.
The STAY people are treated like st, quite a few countries in Europe loose their complete sales team! Good luck repairing that with this shtt RSUs.
Stay away from them.....
I agree... e chi se ne frega... keep them outside from EU
"Keep on pushing things that way and companies like Broadcom will reduce their presence in your country. Businesses will be reluctant to open new offices there."
In Italy we are used to say.. .
E chi se ne frega !
Close the boundaries please ...
The point is labour costs between NA and EC are almost the same. Otherwise we would see more "Made in USA" in Europe instead of "Made in China" and profits transferred to some tax evasion paradise.
Europe has better legalisation to avoid being bent down and f---ed up your rear like one day your company will do with you, when the servant is not needed anymore and there is no law that protects you. The wild wild west has never ended, you can call it freedom or you can all unsustainable.
The point is BC partly kills it's investment, that any sane investor will keep his fingers off.
Organization in Europe got killed in within 2 months, great job done u cowboys up there.
Keep on pushing things that way and companies like Broadcom will reduce their presence in your country. Businesses will be reluctant to open new offices there.
I'm not saying USA is perfect but the entitled attitudes in Europe never cease to amaze me.
The people in USofA are totally clueless these guys just don't know how European countries Bhave labour laws and how important vacations are
They just think that minimum wages criteria is to be met... This is what happens when there is no regulation and people don't know how to balance it ... America the land of crony capitalism
@yqb, what are you talking about? Anything company give us not bound by law is a contract, not rights. Salary above minimum wage is a 2 way agreement. Vacation more than the legal limit is a 2 way agreement. Health care , the same deal.
Now, if there is no agreement, then there is no deal. And the 2 party walk away according to CA-broadcom agreement and local law requires.
"If anyone refuse this welcome letter will it mean resignation with nothing ?
I heard broadcom got very good lawyer"
Answer is yes for both questions
If you don't sign, you leave the company voluntarily. So you have nothing in your hands
Broadom has VERY good lawyers.
I have just signed...
If anyone refuse this welcome letter will it mean resignation with nothing ?
I heard broadcom got very good lawyer
The actual welcome letter is a blank check. Not because of car or travel allowance (because many people don't have one), but because it basically states you are renouncing any right and are willing to abide by whatever Broadcom says. That may mean, for instance, that you are losing right to health insurance for your family, you may be losing holiday days, be forced to work extra hours, etc, and you are explicitly accepting that. This is not a matter of money. It is matter of dignity. If you just forget about any of your rights, they will think they can change whatever they want for nothing. I put long hours working, and I continue to do it based on my own work ethics, but I am not a number or a slave that may be bought
Where are these car allowance crying babies??? Spain??? where unemployment is double digits? Broadcom will get the money back somehow. If you get your f---ing allowance more of your colleagues will just be managed out faster to make up the cost.
Entitled fools... It's because of these entitlements that your company was in the dog house. You are bunch of over paid folks, who drove your company to grounds, else ca would be independent...
Hock can't run a company with 2 set of rules. One for CA folks and anther for rest of broadcom. By holding your ground, you may have a short term win, but it'll only be short term. If you really think you are worth that much higher,go look for another job
@WJ4I3m2 I think you are totally wrong. Everybody is signing the letter as number o RSU for everybody is massive. they are givving away max of 31M shares.
@@WJ4I3m2-zrw: get yourself professional help. it depends on local laws. ask your union, your worker council if you have one or ask a lawyer. they will be able to help and consult you.
in my whole team (about 20 people) no one has signed the offer letter so far. even lot's of managers haven't signed the offer letter. it seems that for lots of positions/functions the RSU welcome package it not really attractive at all because of the stupid vesting rules. it's just a bait. it doesn't compensate at all what they will take away. this has worked for the brocade people but I currently enjoy watching the strong resistance of the CA people who are stay and the confusion of the managers finding out that Broadcom crossed a line they should not have crossed. i heard of entire countries in EMEA where stay people refuse to sign the letter. :-))))
if you refuse this offer, what will happen, will it be treated as resign voluntarily?
PreSales in the US received letters that result in a reduction in compensation, even including the RSUs. This is in direct conflict with the 12-month contractual guarantee in the takeover Proxy filed by CA and Broadcom.
If Broadcom mistakenly did this, then who wants to work for these incompetents?
If Broadcom intentionally did this, then who would want to work for them?