This will put China in a good negotiating mood. https://www.theregister.com/2023/10/24/nvidia_chip_ban_imposed_already/
VMW stock ended at 142.5$ today.
Is that indicative of the deal closing on oct 30? What about China approval? Will Broadcom move ahead without China?
VMW France: Magnifique Merde Monday
Happy upcoming weekend to all our friends a colleagues in Palo Alto. Next Monday will be Grosse Merde Day in Paris as we welcome AVGO turds. Bonne nuit
Email from Paul F Re portal for all vmw
“This message is being delivered at the request of Broadcom IT leadership to all current VMware Employees regardless of role or status moving forward once the transaction closes. It is not an offer of employment or indicative that an offer will be... — read more
Decided to decline - sharing the why
After over 9 years at VMware, and having reached the P6 IC level, I was really looking forward to joining Broadcom. Yes, I received a full-time (FT) offer. However, I decided to decline. First of all, I am a naturalized U.S. citizen (no visa... — read more
BC offer - Tanzu
How many people in tanzu product , sales , csm etc have received offer letter from Broadcom ?
Glass half full
Is VMware operationally sound and focused on customer value? Ever tied to process an order? Deal with a broken/missing license? Ever had a dozen sales people fight over credit on a sale and never think about what the customer is trying to achieve?... — read more
Hock and China good friends right?
what if China announces approval today just like South Korea did last Friday after market close? Idk just throwing theories out there 🤷🏾♂️
Come on Hock, you can do better.
No enough fear and anxiety have been delivered to the workers. You have not yet completely broken their spirit. WTf? I thought you were ruthless. You can do better. Be creative.
Let’s throw another party in PA for the c-suite
Seems like the next F’d up thing that will happen. How can all this get worse? Thanks VMware leaders for driving the company off the cliff and into chaos. Great job. I hope you get your CIC money delivered as pennies dropped on your mansion... — read more
Severance and un-vested RSUs
What happens to the un-vested RSUs when you're offered a severance/layoff? On the contrary: What happens to your original vesting schedule of your existing RSUs from VMware if you're given an offer? Also: If you're given a transitional role, do... — read more
Private Equity Buyouts
Do they still need approval from regulators? Curious for EUC
it won't mean a thing in a hundred years
https://www.youtube.com/watch?v=_Xs7zeof-NA
I wish they hadn't send out any offer letters at all
I am happy for those who got theirs, but they have now managed to bring up the anxiety level for those of us who received nothing from a 5 to a solid 10. Couldn't they have waited and done it all at the same time? This is starting to feel like... — read more
I know everyone is calling out BC for lack of info, but equally half of the blame for this needs to go to VMware.
I can't believe for a company that pride's itself on EPIC values the VMW leadership couldn't even give a proper goodbye or farewell to all the staff before acquisition closes. Big big management failure as we are nearing the close of the acquisition... — read more
EUC BU Key Challenges Explained
Perhaps you're wondering why the VMW End User Computing group is in focus. The Leading Industry Analysts have described the legacy Unified Endpoint Management (UEM) and Virtual Desktop Infrastructure (VDI) markets as saturated and obsolete (when... — read more
Don't Let Anyone Put You Down
Stay resilient and proud, no matter where you are. Brush off any negative vibes, especially from those who exhibit arrogance. It'd be amazing if all our colleagues who receive offers decide to move on. Broadcom's lack of concern for people means they... — read more
The deal stopped making sense for HT long ago
Capital costs more than doubled. High quality corporate bond interest rates went from 2% to 6%. Leveraged Buyout doesn't make sense with the way interest rates went from 0.25% to 5.25%. 2100% increase. Market doubled the share price of avgo. The deal... — read more
Anybody have any insider info on whether China is actually going to hold up the deal?
To be honest I think Hock has a plan B incase he doesn't get approval in time but I still think the deal will close on 30th like he's been saying. But all the uncertainty doesn't help, I just wish we have more info to conclude it all.
There will be more offers
There have to be. Our whole group didn't get any and I know we're not the only ones. I know Broadcom is layoff-happy when it comes to acquisitions, but even if they wanted to they can't get rid of whole departments just like that. I do hate how... — read more
What happened with Professional Services & Learning?
Are they and the entire Customer Success team going to HCL or have folks in those groups been retained by BC - but with more junior level titles?
severance on decline
For anybody who has received the offer or welcome letter from BC, does it say anything about severance if we chose to decline the offer?
WTF is going on?
I’m at a loss here. I’m not Trying to sit back and speculate based on rumors or made up BS, but the fact that offers stopped flowing after they said they’d be going out all week, entire BU’s have not heard a peep, Carbon Black held a all-hands call... — read more
For people laid off next week, what will be the severance?
Anyone have any idea on this?
RSU Inequality
If you’re a lower level VMware employee getting crumbs for RSUs while higher ups make millions with their RSU allotments you have to wonder why you’d bust your a-s at Broadcom. This is outrageous financial inequity in action. Pay attention to the... — read more
We have 10 more hours to get China approval to close deal on oct 30
Gotta get the China approval within next 10 hours, otherwise deal won't close on monday. What's the plan B? The previous failed deals like the Qualcomm one and the Intel/Tower case, none of those moved forward to this stage. In neither of those... — read more
it is a broken ship
executive leaders, you have seen what they are doing by yourself senior engineers or tech leaders, really talented are all gone already junior engineers, the best is leaving, since greedy leaders took all the money will also leave soon, good luck... — read more
Any one in VMware China got offer from Broadcom?
We have not heard from anyone in China got Broadcom offer. Has BC decided to close down the VMware China completely? Is that a possibility?
Deal is not dead or delayed yet!
BC is still optimistic about Monday. If not Monday, then a couple of days later. Someone familiar with the matter.
Merger Agreement
Where is a copy of the merger agreement located? I was sent the link a while back but can't seem to locate it. Thank you!
Stock tanking, no sign of approval and all hands cancelled
I hope and pray this is delayed and this POS company has to keep paying us while China delays
VMware Employees In Ireland
How are we feeling about the acquisition. I might be letting the stress get the better of me but I realized we don't have any core teams based in Ireland right now. We have few support engineers in cork and few engineering folks in dublin but... — read more
Will this EVER end?
The whole thing is starting to look like a badly written soap opera.
Transition and severance
In the past layoffs VMware kept you on payroll for 60 days and then the severance kicks in. Do we know if it’s the same for transition severance? It says 4 months base plus 1 week/year. I wonder if we stay on payroll first and then we get severance... — read more
OFFERS IN EMEA
When will offers start to be released in EMEA?
VMware Severance policy valid for 1 year post close
Is that accurate? Anyone knows where that is specifically stated?
The reasons for no offers after 24th
Possible speculations are: There are errors in offers, which they'd like to avoid next time. For example random manager assignments etc. The offer/portal/FAQ asks people to reject offer (by resigning) and yet be subject to severance pay... — read more
Delisting on Monday
There was a NYSE pending action to delist on Monday. I can’t find it now though, is it still happening?
No more offers
Don’t expect any offers to come out today or tomorrow. The canceling of the vmw all hands today and the fact that no offers were distributed yesterday speaks volumes. BC and VMW have doing nothing to calm the markets fears about the deal being... — read more