Thread regarding CA Technologies (CA Inc.) layoffs

Multi Year RSU

Someone asked about this program. Now that it's public info, I can share limited details, see SEC filing for more info. Multi Year RSU is a program where you will be given 4 separate grants but all at once (each grant vest over 4 years). CA employees probably haven't dreamt of the numbers they will see in those grants - don't argue, take my word for it and thank me in early to mid Jan.

However, these are essentially golden handcuffs. If you survive, they are all yours... Key here is, you have to still do an assessment as to whether you can survive and if $$ is a motivating factor for you. Broadcom treatment of CA is no different than previous acquisitions (been there...), yet they have industry lowest turnover, think why ;)

For me personally, I went thru this 5 years ago, for whatever reason I took the risk, survived, and paid off 2 houses,,, I don't come to office to make a dent in the world, for me it's a means to an end. However, your mileage may vary :)

Though I will tell you this, looking at a huge $$ chunk sitting in your Fidelity account will be too tempting to walk away from - yet I urge you to do a pros/cons assessment, based on your risk profile. Still don't expect hugs from management, or other touchy feely perks, but simply sh*t load of money in the form of stocks and bonus. Based on my experience (biased view!), Broadcom gets bad name because CEO doesn't lie thru his teeth, he tells what he will do and he does it, as opposed to other CEOs, who are simply too nice, will say all the good things you want to hear, and same end result - you are still a number, Broadcom tells you that in your face, other CEOs make you "feel" otherwise and yet here you are....

Good luck to all and welcome to roller coaster named Broadcom.

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| 5451 views | | 8 replies (last December 12, 2018) | Reply
Post ID: @OP+Wx0iZXl

8 replies (most recent on top)

@Wx0iZXl-3nuk " If my only focus were to make a sh--load of money I would not have joined or stayed with CA." LOL

Your joined CA, a dying company, which works on older technology(ies) to do what - Solve world hunger? Make world a better place to live? Oh Please, give us a break!!

Money may not be motivating factor for you, I can understand and respect that. But don't lie to yourself, if you think you joined CA for a noble cause or make a dent in the world... nothing, beyond supporting you/ your family.

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Post ID: @3wuh+Wx0iZXl

Can only agree, most people in ESD with customer facing roles are with one foot out of the door, especially in Europe. If my only focus were to make a sh--load of money I would not have joined or stayed with CA.

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Post ID: @3nuk+Wx0iZXl

You are wrong on both. Tenure is honored in all acquisitions by brcm.

It's 2 weeks per year.

Right on max 40 wks.

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Post ID: @2lbg+Wx0iZXl

CA severance policy ends 1 year after deal closes. What I know for a fact is Broadcom honors a max of 40 weeks compared to CA 52. What remains to be seem:

  1. Will Broadcom honor tenure of Your acquired company?(rumor no)

  2. Does Broadcom pay 1 week or the CA standard 2 weeks for each year of service?(rumor 1 week)

Expect another big cut November 6, 2019

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Post ID: @2jth+Wx0iZXl

The SEC filings show a few executives getting grants from 6000-10000 RSUs a year so I wonder what regular CA people will get in comparison. I do like his transparency compared to the Silicone Valley phonies.

I agree about the pro/con assessment... curious how long will they honor CA employee tenure in severance calculations (ends two years post-acquisition?). Does the almost 20 years at CA even matter after that 2 years?

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Post ID: @2ubf+Wx0iZXl

First year will vest March 2020. Highly probable most CA employees will be let go than ever even sell 1 share. Broadcom knows the job market is fantastic and the BU is months from completely falling apart. This is a temporary stop gap, stabilizing the business to set it on autopilot for the coming years.

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Post ID: @1dlc+Wx0iZXl

You are right. Tough situation to be in for customer facing role, specially when you have to do real work and not just show up for renewals. LOL

Sa Tan, that's creative and funny. Agree with your predictions in 2nd Para. Except, you will be surprised at how many people will want to stay for a million

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Post ID: @nqj+Wx0iZXl

"Huge" is relative... I've spoken to really a lot of STAY people (most of them are in customer facing roles and in the enterprise software BU) in the last weeks and although the RSU thing is known to them most of them plan to leave - even if Sa Tan would offer them a million.

The problem is reputation when you have to sell the new strategy and price increases and PLA stuff to your customers. Also with half of support and not innovating anymore beside other changes you will get beaten up by your customers as they start recognizing you cannot really support and help them anymore and Sa Ta ist just after their money and not to serve the customer. It might end up in a house ban or so.

If you're in the MF BU or in a not so much client facing role it is a different situation. There you likely can survive for another couple of years but not in ES I think. Also not for a million RSU/Bonus or so.

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Post ID: @qsh+Wx0iZXl

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