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 😀.
Do we just stop working?
Hi, I'm from one of the Core teams supporting at a L3, if we all just stopped? Stopped taking P1s, P2-P3 etc what would actually happen? Managers can't let us all go and if everyone stopped working as a protest to this BS then they would have to do... — read more
Why can't they merge after Nov 26?
I understand they were only supposed to have three extensions to the merger, and this is the third one. My question is, what's to stop two parties that want to merge, to extend the deadline? I mean, if both sides want the deal to happen, they can... — read more
What if AVGO doesn’t announce they are out beyond Nov 26?
What if HT doesn’t announce, to avoid paying $1.5B?
On the plus side, our stock VMW is doing well
You guys know that after the election since AVGO is all taken, at this point the more deviation is from $142.50 (whether higher or lower) the more likely hedge funds are predicting the deal will fail right? After all, they'd be losing money if the... — read more
It is time to pull the plug
Investors are getting nervous, VMW employees are on the verge of rioting. This has been fumbled so hard that regardless of China approval, or whatever else is holding it up, it’s gonna past it’s “sell by” date. I seriously worry about the viability... — read more
You should learn from him
Next time you have an interview, watch closely how Hock Tan/AVGO answers tough questions and apply the same tactics. Question: Is China going to approve the deal? Is there any issue with geopolitics similar to Intel-Tower or Qualcomm-NXP... — read more
P6/P7 base salary reductions
How much did your base pay reduce and did your RSU make up for it? P7 Sales 25% cut and RSU do not make up for the cut.
Broadcom offered me a better deal than VMware
BC offered me a small raise, a signing bonus equal to a year's pay, and nearly doubled my raise maximum. VMware suspended my stock plan while waiting for the merger to happen. I don't know if BC has a better working environment, but I'll be richer... — read more
https://www.ft.com/content/644875ac-754c-4a97-9b1c-603ee6a7bd8b
Suspect it’s meant to say ‘didn’t know’ but the paragraphs of interest: “The official said he did know if Yellen would raise the issue of the $69bn merger between chipmaker Broadcom and cloud software company VMware, which the companies delayed last... — read more
Question for folks who received an offer
How long have you been with VMware? I'm trying to figure out if years of service played any role in deciding who to keep.
Another day, another week in “soon” land.
Sit back and put your feet up. Most people’s calendars are empty with very little work being done. Enjoy this comedy show for another week (at least) and don’t forget…..keep focusing on the main thing, it’ll happen..soon. How soon I hear you ask... — read more
They need to go
After how mishandled this whole process has been, I truly hope Broadcom gets rid of the entire VMware ELT and anybody else who was high enough to contribute to this mess once this is all done. Who would want such a level of incompetence joining their... — read more
FTC Increases Risk for Acquirers by Extending Time for Review
https://www.natlawreview.com/article/ftc-increases-risk-acquirers-extending-time-review Now, in transactions in which the FTC has not completed its review before the waiting period expires, the acquirer may be contractually compelled to close and... — read more
If you didnt get a letter Make sure you back up your data tonight!
You could be locked out in the middle of the night
URGENT we have been sent invite with Broadcom emails on it
Didn’t get FTE but we were all sent invite from our VP with Broadcom emails on it. Looked them up they are leadership (VP of architect at BC software, VP of Latin America at BC software …) there will always probably be announcements .. anyone know... — read more
Flying out for their new roles
Tell me why are there people flying out to different cities embracing their new role at BC? Example: new manager under BC flying out to do QBR, team from India flying to Washington… do they know something we don’t know? Why are they moving on like... — read more
Enterprise all hands scheduled tomorrow
Mike Gannon scheduled the enterprise all hands call tomorrow… anyone else getting all hands invites for their segment?
Does anyone have any explanation for this?
https://search.ftc.gov/search?affiliate=ftc_prod&query=Broadcom+vmware&commit=Search If you search Broadcom VMware on the FTC website, nothing shows up. After HSR waiting period has passed without challenge, FTC is green light until/if they decide... — read more
SAMR website (use google translate in Chrome to convert to English)
https://www.samr.gov.cn/fldes/ajgs/jyaj/index.html Broadcom/VMware has not been officially reviewed or addressed on the website. A full search of the site shows no hits for Broadcom or VMware.
snatching defeat from the jaws of victory
The closing has been mishandled. For someone with this much M&A experience the mistakes are surprisingly rudimentary. Quotes from FT: “Never before has there been such uncertainty over the fate of such a large acquisition so close to a supposed... — read more
Another week
Guess we will find out soon
Looks like there may be a thaw in US/China relations - Good news for HT?
BEIJING, Nov 3 (Reuters) - China's commerce minister told Micron Technology Inc's (MU.O) president Beijing would welcome the U.S. semiconductor company deepening its footprint in the Chinese market, signally a further thaw in relations between the... — read more
This would have been nice if adopted earlier
DOJ/FTC is working on a new merger guideline that is currently under review and set to become effective as early as Q1 2024. It outlines considerations for a scenario that VMware (or any other companies acquired by Avago for thst matter) are familiar... — read more
wasted lots of time to read slack, posts, news ... here and there
How I can stop wasting time ? I also don't want to miss really important updates.
Greed personified
While hardworking VMWarers pondered and often feared about their future, the EVP of Sales was cashing in their stock and reaping millions. Why? https://www.secform4.com/insider-trading/1124610.htm
New poll alert
Thumbs UP if you think we will hear something this upcoming week Thumbs DOWN if you think no approval coming and leadership will continue to hide like the cowards they’ve been
Trump blocked Qualcomm deal to avoid layoffs?
CNBC grilled Kevin O'Leary https://youtu.be/dTGqHqkhc4k?si=FFsDD0px5osARXj8
Plan A now Plan B?
It is like your daughter is getting married in next 4 hours, and her husband-to-be said it has to be delayed due to some approval issue from one of his uncle in China; how do you plan a plan B for this?
Why would have Tom Krause left?
Why did Tom Krause went to become the CEO of Cloud Software Group, which is a frankenstein formed out of dead carcasses of Citrix and Tibco? They are in the same industry sector as we are aren't they? Would it be because TK and HT had... — read more
Politics
They are removing many posts here. Several of us have kept track of each others posts. Amazing for an “anonymous” forum to censure. It seems conservative postings are deleted the most. Three of us have posted 30 times and only 14 remain. Either... — read more
Dell layoffs shooting su----e Trigger warning
Did you guys hear about Kirk Lawrence the Dell engineer who got laid off after 13 years and ended up shooting himself in the parking lot of Round rock campus? Michael Dell really don’t give any Fu--s about people… stay safe VMWare family don’t let... — read more
Management if you see this read carefully
How could you let Hock Tan destroy our company BEFORE he even had it??? Why did you not allow us to be treated with respect o CANT imagine what you would’ve let him done to us and company after acquisition. WE built this company off our backs (sales... — read more
manager/director offers to be updated ?
Heard rumors on increasing RSUs and/or removing base cut ? Anyone knows more details ?