⏳ Awaiting Their Fate: The Emotional Toll of the Broadcom-VMware Acquisition on Employees

⏳ Awaiting Their Fate: The Emotional Toll of the Broadcom-VMware Acquisition on Employees

What is going on?

The Broadcom-VMware acquisition, valued at a staggering $61 billion, has sent shockwaves through the tech industry. While the deal promises to reshape the landscape of cloud computing and software services, it has also left VMware's 17,000+ employees in a state of uncertainty and anxiety.

The Waiting Game

As the acquisition nears its completion, VMware employees are on tenterhooks. A leaked Broadcom memo has outlined three possible scenarios for them: a full-time role, a transitional position, or immediate severance. The lack of concrete information has left many employees in a state of limbo, anxiously checking their inboxes for updates.

• VMware employees don’t know what to expect with acquisition - Team Blind

Employee Reactions

The uncertainty has led to a palpable tension among VMware staff. Some are considering leaving the company even before severance packages are announced.

One employee shared on TheLayoff.com, "I had an offer from another company and I kept dragging the decision till this day. I can’t risk it anymore; it is a bit less money but [peace] of mind. Accepting the offer today and moving on." Adding to the uncertainty is the potential delay in the acquisition due to regulatory issues in China. This has also impacted VMware's stock prices, causing further stress among employees.

The Job Market Dilemma

Employees are finding it challenging to time their exit with potential severance packages. The high demand for skilled workers means that companies are not willing to wait long to fill positions. One employee lamented losing a job offer because the potential employer couldn't wait until November for them to start.

Questions and Concerns

Employees are questioning the manner in which the acquisition is being handled. One employee posted, "This period of 4-6 weeks with no idea of what is happening with your role or the company strategy is really insane." The lack of communication is affecting business and morale, leaving employees to wonder what the ultimate goal of this acquisition is.

In Conclusion

Speculations are rife among VMware employees about how the acquisition will proceed. Some predict that Broadcom will form a small LLC to bypass China's regulatory approval, while others believe that the company will proceed without China's blessing, risking fines and frozen assets.

The Broadcom-VMware acquisition is not just a business deal; it's a life-changing event for thousands of employees. As they navigate this period of uncertainty, clear communication and support are more crucial than ever.

💼 Startup Jobs this Week

Wellfound is one of the most reputable job sites to connect startups with tech talent. Here’s a couple of jobs from startups this week:

• OpenAI - Discovering and enacting the path to safe artificial general intelligence

  • Data Engineer, Applied Engineering - $245k – $385k, California • United States • San Francisco

  • Engineering Manager, AI Inference Systems - $350k – $500k, California • United States • San Francisco

  • IT Support - California • United States • San Francisco

• Scale AI - The API for training data

  • Strategic Account Executive - Generative AI - $120k – $144k, San Francisco

  • Software Engineer, EGP - $179k – $215k, San Francisco

  • Product Designer, New Grad - $118k – $142k, San Francisco

• Notion - The all-in-one workspace

  • Market Researcher - $185k – $235k, California • New York City • San Francisco

  • Product Designer - $105k – $260k, New York City

📰 Latest Headlines

• Glassdoor reviewers say employers’ ghosting problem is twice as bad as it was just a few years ago—a sign that worker power is fading fast - Fortune

• Comprehensive.io found that active AI job posts have increased 22% compared to three months ago

• 4-day Workweek Postings Increasing, but Are Far From the Norm

📉 Notable Layoffs this Week

• Panera will lay off 17% of its 18,000 corporate employees, The Wall Street Journal writes, as it seeks efficiency ahead of a potential IPO.

• Vogue publisher Condé Nast plans to cut 270 employees, or 5% of its workforce, due to "digital advertising pressures," The New York Times reports.

• Splunk, a software company based in San Francisco, is cutting 7% of its workforce ahead of its acquisition by Cisco, according to Bloomberg.

• Game developer Bungie has cut an unspecified number of employees after delaying some game releases, Bloomberg writes.

🛠️ Job Seeker Tools

Jobscan

www.jobscan.co

Jobscan helps you optimize your resume for any job, highlighting the key experience and skills recruiters need to see.

Key Values

www.keyvalues.com

Browse companies by the values that they exhibit as submitted by current and past employees.

Peerlist

www.peerlist.io

Peerlist is a community-led professional network for people in tech with powerful work profiles at its core. A Peerlist profile can be used as a simple resume or a complete portfolio to showcase your work from Github, Dribbble, Product Hunt, and many more.

Check out more job seeking tools with our Tool Directory

Check out the Offboard’s Tool Directory for more platforms to give you an edge in a competitive market!

✉️ You Might Also Like

Curious if your company has a layoff planned?

Look into the crystal ball to see if your company has a layoff coming up by leveraging federally mandated WARN notices!

www.warntracker.com