Broadcom is planning drastic job cuts at VMware as its acquisition of the cloud company nears completion
These layoffs may be announced around the time whenannounces its earnings on Aug. 31. In particular, the cuts are expected to impact non-engineering roles where the two companies share services, the people said. They asked not to be identified discussing sensitive matters. One of the people said the job cuts could get really deep.
"While we expect Broadcom's acquisition of VMware to close within Broadcom's fiscal year 2023, integration planning is not complete, and any rumors about post-acquisition plans are both speculative and premature," a VMware spokesperson said. Broadcom did not respond to requests for comment. VMware had about 38,300 employees as of February, while Broadcom had roughly 20,000 staff in October 2022, according to SEC filings.
Broadcom CEO Hock Tan has led the company through an acquisition spree in recent years, and he has not been afraid to conduct sizable layoffs once deals close. He chopped thousands of jobs after buying companies including CA Technologies and Brocade.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The nice Samsung Galaxy Tab S7 FE mid-ranger can now be yours for way less than usual on AmazonThe tablet offers decent performance, has huge screen and display and comes with its own stylus
Read more »
The ‘Ghostbusters’ Preview Cut Is a Must-Watch For FansThere’s a new version of the original ‘Ghostbusters’ and it is kind of mind-blowing.
Read more »
The Royals Are Having a Huge Family Reunion in Balmoral—Without Harry and MeghanPrinceHarry and MeghanMarkle's 'open invitation' remains untouched as they opt for other plans.
Read more »
Below Deck Down Under Recap: Red Flags EverywhereThis is turning into a huge mess, and I’m here for it!
Read more »
Offshore wind potential in the US is huge but untappedThe US has one of the world’s best offshore wind potential, report finds.
Read more »
Huge Berkeley life science project pushes ahead with real estate dealsA real estate alliance has bought more than a dozen parcels on a choice Berkeley site where a huge innovation hub is being eyed.
Read more »