Most people in Islandia are not all that worried because nothing has been definitively said about the fate of the office. In fact, no one in either side of mgmt has said anything about there not being an Islandia location post acquisition.
So again, stop the fearmongering until we hear something concrete.
I'm sure Broadcom would like to do a lot of business with Amazon...
OP, you are dumb and afraid of change. Go out and get a new job, there is nothing good left at Broadcom. You are hoping for a building that carries 100 employees to be around meanwhile it used to hold 3,000 people. They have shutdown multiple building services, consolidated floors, compartmentalized product teams, have not hired in Islandia in a very long time. Once you get a new job, you will realize how ratty every CA/Broadcom software product is in comparison. You guys can’t even get third party products or your own proprietary enterprise applications to integrate with each other.
Broadcom is clearing the Ditton park office, once the Emea HQ, moving staff to an old Brocade office building and are happy to have the building stand empty in order to avoid the running costs. Islandia has even less people in the building now so you can bet there are plans to abandon that office.
Remember there are two components - the cost of the people and the cost of the building.
I don’t know what the early termination rules are, but we must be stuck with Islandia for at least a year otherwise they wouldn’t have consolidated post merger. Broadcom will take whatever decision maximizes profit - early termination, sub leasing or just eating the cost.
The number of people will continue to shrink until it goes to zero by 2021 at the latest. We had over 1000 prior to the merger, we’re under 600 now and we’ve not completed shedding the Services folks. That should bring us down to 500, my guess is 200 of those are on transition and will be gone this summer.
Those remaining people better be super profitable and key to the mainframe business...they might be WFH or in a smaller office.
C’mon. Have you been paying attention
to how this company operates? Islandia is way, way too expensive to sustain itself even medium-term. It’s not fear mongering it’s looking at things realistically.
LOL - fearmongering. The building had a 1000 people in it a year ago. A year from now they'll be lucky to fill a floor with 200 people. Poof
The new reality is that Islandia is a small satellite office with way too much real estate footprint for its small population. The cost per employee a year from now is going to be astronomical. Barring a major new tenant to sublet five floors of the building, Broadcom will be paying for empty floors for years to come.
The best case scenario is a move to a relatively nearby office - plenty of office space around Islandia, not to mention Melville and along the LIE. Broadcom bought CA for the mainframe - which still has a decent presence in Islandia. I don't see them scaring them into early retirement by trying to relocate the office off the island... but then again, I didn't see the logic in buying CA...
I agree there has been fearmongering. But there is also economic sense in downsizing Islandia.
Broadcom has no ties to LI, no desired footprint there. Real estate is expensive, NY is a costly state to do business and salaries are high for the remaining jobs, most of which are back office.
This doesn’t mean they will shutter it tomorrow, but with the lease up in 2021 I think they are waiting to see who sticks around and then size a new office appropriately.
Have they been able to sublet most of the rest of the building yet? Anything they still hold means an expensive monthly lease payment.