March 1 closing price was $115.91. If closing stock price on September 1 is Closing price at August 31, 2022 was $116.03, down $1.74 on the previous day. If it drops by another $0.12 tomorrow, thats it for the...
I'm quiet quitting until the acquisition
I'm well aware that when the acquisition goes through chances of me still being employed are very low. So instead of overexerting myself and doing much more than is my job, I'm going to do precisely what my contract says and no more. Then I'll take... — read more
We work hard for the money...
The individual contributors in the field work hard to bring money in to the company. Sales works hard, SEs work hard, PSO consultants work hard, product engineers work hard, TSEs in GS work hard, and so on. And so it really sucks to see this hard... — read more
Check this out
https://vmvirtualmachine.com/aviatrix-ceo-on-potential-post-broadcom-layoffs-at-vmware-and-why-the-on-prem-market/
Tanzu
I'd Tanzu is dunzo why do they keep talking about it at Explore?
Crack Marketing Full Power at Explore
5 days before Explore - rebrand everything. Marketing: yeay! Result: extend life as long as possible make it look like we doing something Marketing gets promotions Success
Hock Tan at Explore
Watching the keynote online and Hock gets called out by ragu, has a spot light on him and stands up and takes applause. coordinated early for sure. To those that keep hoping some wind will blow and this acquisition wont happen, this is a sign for... — read more
Karen left because
They told her the staffing budget is to be cut 50%, and she didn't want to have spent the last few years building a team only to destroy now it.
Broadcom Explore
Broadcom Explore 2024. Can't wait. Will be hosted by Tanzu and the marketing team. Everyone's favorite duo! Going to be super profitable.
VMW Special cash dividend
I'm surprised noone mentioned this cash dividend VMware paid about a year ago now as one of the possible issue we faced. The cash dividend was actually a huge sum like 11Billions mostly gone to DELL shareholders. As the dividend wasn't really... — read more
The first, and last, VMware Explore
Why after all these years, did they change the name of VMworld? Did corporate marketing really think that was going to increase attendance, and brand recognition?
Raghu
Can someone please help me understand what Raghu did over his many years at VMware, that made him worthy of so many promotions, and eventually the CEO position?
Marketing is Toxic
The marketing team at VMware is toxic. That's it, that's the post. Feels like a sorority/fraternity. Loose IQ points everytime I speak with someone from there. I won't be upset if they get the chopping block.
Financial results better than expected
It seems like VMware reported better than expected financial results. Maybe the deal was agreed too fast? What do you think it could have happened to the stock price if the deal wasn't signed? Now stock market is recovering...
It’s gonna be funny
It will be very funny when the acquisition happens and the world doesnt end like some think it will. It’s becoming more and more clear that Broadcom is adopting a different approach evident in the recent EUC showcase. Brain Madden looks like a tool... — read more
Broadcom VIDEO: Wondering "what's next?" for your career can be both thrilling and a little nerve-wracking in an acquisition.
Marketing agency: How fake do you want it to be Bcom: Yes. https://www.linkedin.com/posts/broadcomsoftware_thoughts-on-acquisition-pt-1-activity-6968566795121090561-v89J/?utm_source=share&utm_medium=member_ios
Great teams don't just happen
I have been in a new company for some time now. I managed to get a very solid offer, but it's already clear to me that it's not all about the pay. For those who have also left, I'm wondering what you miss the most from VMWare? I definitely miss the... — read more
Security team’s head leaving
Ashok Banerjee is leaving. That makes another high level exit. He was in Symantec when Broadcom acquired them and has seen things first hand. And now his exit.
Carbon Black breaking down!!!
It seems the developers have quit too. https://www.bleepingcomputer.com/news/security/vmware-carbon-black-causing-bsod-crashes-on-windows/
Another one gone
Karen Egan, SVP GS is outta here. Good riddance
People need to stop joining VMware
Joining while knowing about the acquisition makes me question their intelligence. The only reason why new people are being brought in at this point is to have enough younger employees they can lay off when the time comes to pad the numbers and avoid... — read more
Broadcom won't change anything "that is working"
Our team just met with one of the many VPs, and they assured us that Hock is super impressed by our BU and he "is not looking to change anything that is working". In fact we are told there is no hiring freeze and we should try to fill as many open... — read more
Part of me cannot wait
I have been here over a decade and have dealt with some really great customers, and some customers who are real dog turds. Usually the bigger they are, the worse they are. For the giant dog tu-d customers, part of me cannot wait to see Octane break... — read more
CB meeting with Broadcom leaderships
Is there any meeting for carbon black or SBU with Broadcom recently? What's their decision? Keep us or spin out?
Total chaos
No one in my team has the motivation to do anything more than the bare minimum, which is understandable. Looking for a new job has become the main full time job for everyone. Does anyone now work more than the necessary minimum? I doubt it.
tanzu.vmware.com/tanzu
tanzu.vmware.com/tanzu
Financial Results 8/25
Newer employee here, please forgive lack of knowledge. Any predictions of announcements after the 8/25 financial results release here in a couple of days? Feels like if there will be initial layoff plans, starting them after the quarterly financials... — read more
What has he done?
I’ve been here for 10 years now and have really enjoyed the job so far, and I had no intention of leaving. A genuine question not meant to stoke the fire, what has Raghu done since he took over from Pat? I genuinely don’t get what he has done or... — read more
The Main Thing
Raghu still wants you to focus on the "Main Thing"
Hoc's list for the chopping block
See here for rough distribution of employee headcount by job functions in tech companies. We can use this as a rough estimate for VMware as well. https://carta.com/blog/compensation-report-h1-2022/ Engineering (25%)+ Sales (12%) + Operations (8%) +... — read more
Pricing and packaging idiocracy
Watching the "cloud universal" train wreck go-to-market unfolding, one must ask how can a company that has been pricing and packaging software for almost 24 years still be so epically bad at pricing and packaging?
Marketing
Beginning to see the signs of impending doom. Anyone else?
Broadcom is private equity fund!!!
So, DOOM FOR VMWARE!!! https://www.techspot.com/news/95573-what-has-broadcom-become.html
Layoffs have already silently started
Roadmaps have been reprioritized. Cuts are being made especially in departments that are over budget. Contractors are being let go as well as some full time. Brace yourself.
Competition hunts talent
https://www.businessinsider.com/vmware-employees-are-leaving-in-droves-after-broadcom-acquisition-2022-8 This article mentions that competitors have taken advantage of the uncertainty around the acquisition and are trying to attract engineers. I... — read more
Time to D-Day
Does anyone really "know" yet the time to formal takeover? Aside from that will BU's be spun off before takeover? If you get spun off does the NewCo have to honor your current salary? Looking at the Nov 1 - sometime in Summer/Fall 2023 timeline we... — read more
Accrued PTO
will this be paid out upon termination or added into the severance agreement?
VP Severance
All VPs affected by layoffs will receive: one year fully paid salary, one year benefits, bonus paid out, all RSUs vested, regardless of years of service. Something to keep in mind when being told that "nothing has changed, our goals and product plans... — read more
When will the discovery phase end?
Does anyone know when the discovery phase will end? Or when we will know more about the close timeline