The tone changed. The close date is not even close anymore, no matter how often he mentions it‘s „soon“. The acquisition is falling apart.
New update
Status remains soon. That is all. Proceed with the rest of your day. You have permission to leave thelayoff to go do something productive. Examples include TicTok, YouTube spiral, Reddit arguments, updating confluence pages, and having self care... — read more
Class action employment lawsuit
Why is no one investigating this with a lawyer??? With thousands of us affected is this not valid for a class action lawsuit? I’m going to be speaking with a lawyer today Re this The delay of rsu released per their contracted employment agreement... — read more
Biden-Xi meeting in San Francisco still on track but no major breakthroughs expected
https://apnews.com/article/biden-xi-china-economic-summit-d17d68456306568ac9c3b37b69e7f8b2 Is this the same meeting that's supposed to get a go-ahead for the deal???? Is HT being realistic???? Why hold VMware hostage? Why is Michael Dell allowing... — read more
Gelsinger on Tower https://stratechery.com/2023/an-interview-with-intel-ceo-pat-gelsinger-about-intels-progress-towards-process-leadership/
How much of a loss was Tower in this regard? Because I think one of the things that was attractive to me about that acquisition was bringing in leadership that was used to being a Foundry, and even if they were more focused on the analog side of... — read more
Guess whose going to Bidens dinner next week to meet Chinese prime minister
https://www.nytimes.com/2023/11/08/business/economy/xi-jinping-american-business-leaders-dinner.html Corporate executives have a seat for $2000 to dine with china’s leader or $40000 seat for one seat at Mr XIs table.
just take it as a long time vacation
Closing soon does not benefit anyone in vmware. the only thing I don't like is I don't know when this vacation will be over.
RSU expectations versus Reality
I've been hustlin' in sales for over 23 years, reppin' VMware for the past 8, and I've been in that P5 groove for the last 5. Now, my colleague, a seasoned 12-year sales maestro, just scored a promotion to P5 in the last 4 months. But here's the... — read more
What Lego set should I start building?
Since I am not going to work. What Lego set should I start building?
HT dinner
$40K or $1K? https://www.nytimes.com/2023/11/08/business/economy/xi-jinping-american-business-leaders-dinner.html
Broadcom not doing VMware any favors
The Register just came up with some research that 1 out of 5 VMware customers plan to move away from our software in the coming year. Now, of course, not all of this is Broadcom, our software is expensive, especially when it's run in a public cloud... — read more
Take it positively for delay
If you already have an offer, you have more time before starting working extremely hard in BC. If you don't have an offer yet, well, you have more time to prepare the job interview.
Soon
Soon. Soon. Soon.
EUC BU Opportunity - Post Deal Termination
While the tech industry analysts have discounted the future of legacy UDM and VDI software, they're very upbeat about the growth potential of modern streaming apps. Once the AVGO deal folds and the EUC BU is spun off, the new PE owner can acquire a... — read more
How long can they legally hold onto shares
If there’s no hard date on the close, and they have all our shares tied up from the election, how much longer til they have to relinquish the shares? How is this even legal?
How soon is now?
Borrowing Morrisey and Marr lyrics: VMW: When you say it's gonna happen soon Well, when exactly do you mean? See, I've already waited too long And all my hope is gone. HT: You shut your mouth How can you say I go about things the wrong way? I am... — read more
12/31/23 new deadline now
According to letters that were sent to customers on behalf of Broadcom.
When do the stocks get released in e-trade for trading in either scenarios?
When do the stocks get released in e-trade for trading in either scenarios? Deal closes Deal does not close In the second scenario, what is the best course of action? Sell immediately or hold?
Nov 26th d-day
So, this deal looks like it's toast. China isn't going to budge in the next 2 weeks and Hock + Raghu have already lost all credibility by claiming they were going to most definitely close on Oct 30 then revealing that it was all BS. Now, the... — read more
Exit interview/ last words to say
Anyone planning on an epic exit? Maybe say few words to some dysfunctional bias leadership ? It’s been my little motivation in life in my iPhone notes… how about you each practice here what would you say to certain people here walking out the door ?... — read more
Self-inflicted disaster for Broadcom
I remember a lot of people tried to compare Broadcom VMware acquisition to the Microsoft Activision one. There is absolutely no parallel besides that they are tech acquisitions of historically large size. In the Microsoft-Activision deal, they had... — read more
December 13, 2023
I’m from the future, we are still waiting for the deal to close.
1 in 5 VMware customers plan to jump off its stack next year
Forrester predicts exodus from Virtzilla following Broadcom takeover https://www.theregister.com/2023/11/08/vmware_customer_forrester_prediction/
VMware Explore
What a snooze fest. Zzz
Calling in sick
Over the past month, on average 30 to 40% of my team call in sick everyday. Prior to this it was less than 5%. People just don't care anymore.
My anxiety levels are through the roof
I swear, if this is not resolved by the end of this month, I don't know what I'm going to do. I feel like I'm stuck in limbo and have been since the whole Broadcom deal was first announced. I envy those of you who are able to continue functioning... — read more
Disappointed Sales and Presales teams
Got the Broadcom offer and I am part of the Presales team. Here are my thoughts focused on Sales and Presales only, as I can't speak for other teams due to my lack of knowledge. To those who didn't receive an offer or won't receive one, I want to... — read more
Severance medical coverage?
Any idea if medical benefits will be included in any future severance package? If severance is 2 months plus, shouldn’t we be in benefits open enrollment now to cover any post 12/31/23 time period?
Broadcom CEO Hock Tan talks up VMware at event in Spain
Quote fro the article: VMware CEO Raghu Raghuram at at the event said that “I’ve been working with Hock Tan for nearly 18 months, according to the account of the VMware event. "I can tell you without doubt that he is even more excited about the... — read more
People are removing posts from this site
I just clicked on a post and it was removed - not sure why an anonymous layoff board would have moderators removing the content
Broadcom CEO Hock Tan on CNBC's "Mad Money" in 2022 says what you need to know...
Jim Cramer: "You don't tolerate divisions that don't perform!" Hock Tan: "Frankly I don't. To qualify as a division on the Broadcom platform, you have to stand alone and sustain for the next 10 years, at least." This expectation is filtered all the... — read more
BC severance policy
I’ve read where Broadcom’s severance policy is normally 2 months plus 2 weeks for every year of service. Can anyone confirm? After 12mo post VMware acquisition, severance values should improve, not get worse.
Now allowed to sell Stocks
How long will they hold like this?
VMware is already losing lots of money
We have a bunch of things stopped from the engineering side because we can’t purchase the gear needed to work on new tech such as AI. People is anxious and angre, especially workers from the US who did not get any offers. I just hope VMware attorneys... — read more
Beware!
I know many are smart enough and really intelligent - so please skip if you are one of those. People who are kind of ingenuous or inexperienced, please listen --- sadly there is a bunch of opportunists who would try their best to increase their... — read more
Remember: No matter how many RSU are offered, they only have value if they vest
If you receive an offer of a 20% salary reduction with $800k-$1000k in rsu check the vesting schedule on the rsu. If it's 12 months ask yourself what percent of the engineering org will be laid off within the first 12 months post acquisition and... — read more
1.5B of compensation
5B of compensation if the deal won't go through is not much. in the last 1.5years everything inside VMW depended from this acquisition, no goals, no scope, nothing... just waiting for the deal to go through. The damage for VMW would be more than... — read more
Sales/Presales 8+ years better take sev
For those still waiting on an offer and have 8+ years of experience, I would recommend carefully considering whether to accept it. The salary remains the same or may even decrease, and the RSUs offered for sales or presales positions are less... — read more
Which exec will be fired first if the deal fails?
Sorry, I meant who will be first to leave VMware to “spend more time with their families“? Magoo Betsy State your reasons - the wilder the better 😀.