Heard rumors on increasing RSUs and/or removing base cut ?
Anyone knows more details ?
22 replies (most recent on top)
This is correct https://www.teamblind.com/post/Welcome-RSUs-from-Broadcom-at-every-RnD-Engineering-levels-Xr0cqU1F
"1100 RSUs, 35% target bonus, 20% cut to base pay. Declined the offer, have non-dumpster-fire job lined up."
Director or senior director? 1100 RSUs is ~1M dollars, seems high for a director.
1100 RSUs, 35% target bonus, 20% cut to base pay. Declined the offer, have non-dumpster-fire job lined up.
Hi CIBG engineering director, how many RSUs did they offer with your IC 6 grading, and were you expected to take a drop in base?
Haha wake up it's a feature not a big....much cheaper than paying severance or transition bonus.
If you are actually good you would find something better elsewhere, if not you realize your worth and continue to do IC work
| Help me understand. If a director is down levelled to snr mgr, by title only, are they still a M5 in BC?
am a CIBG engineering director with a large org, got a FTE offer for BC level 6 IC because BC has some ICs act as managers with dotted line reporting. Good luck with that BC, I will not do double duty for the same pay when peers are allowed to focus on one or the other role.
“ Note that downleveling only happend with regards to titles. i.e. Directors (M5 in the Management track) are the equivalent of P6 in the IC track in VMware (same comp range, same bonus). This mapping remains under broadcom altough directors will be de-leveled to Sr. Manager. One difference though is that people in the manager track at VMware are generally awared more in RSUs versus ICs. That is not the currentlhy the case at Broacom where equity awards are based on level, BU and company perforance only.”
Help me understand. If a director is down levelled to snr mgr, by title only, are they still a M5 in BC?
Note that downleveling only happend with regards to titles. i.e. Directors (M5 in the Management track) are the equivalent of P6 in the IC track in VMware (same comp range, same bonus). This mapping remains under broadcom altough directors will be de-leveled to Sr. Manager. One difference though is that people in the manager track at VMware are generally awared more in RSUs versus ICs. That is not the currentlhy the case at Broacom where equity awards are based on level, BU and company perforance only.
" If this deal does not go through, VMware is going to have to come up with a lot of retention incentives to keep senior talent from leaving. "
What senior talent?
Heard rumors deal is closing… soon
" If so it means they are getting push back; people rejecting the offers. Likely based on the reputation BC brings to the table."
BC has an uphill challenge with their perception (right or wrong) in the employment marketplace. I think that much, perhaps most of VMware sees Broadcom as the "evil empire", a soul ki-ling place to work, entirely motivated by money and what it can extract from employees and customers.
And, that's OK, but, if BC hopes to keep employees on in that type environment, there's only one incentive to offer.. Compensation. Lots and lots of compensation. We can make fun of VMware's EPIC days, the turtles in the courtyard and many of our other "money wasting" social/employee happiness pursuits, but, in general, companies do this kind of stuff because it's cheaper to install a foosball table and give employees 4 extra days off a year than it is to show the "true colors"; this is all about money for us (VMware) and you're just a number.
BC doesn't seem to follow that playbook, I, and others with offers all know "this is all about the money". So, BC, you better show up with lots and lots of money. This isn't going to be a passion job, no illusions that I'm making the world a better place, or even "helping" my customers.
It's kind of the difference between working for Goldman Sachs vs your local animal shelter. The work I'd do in the animal shelter is much more fulfilling, more impactful to those I work with, and makes the world a better place. My jobs at GS, is none of those things, it's all $$. I'm going to do whatever I can legally do to make a buck of everyone, partners, customers, even other employees. We're not here to change the world, we're here to figure out a new way to "vampire squid" other companies and people out there in the world.
There's nothing inherently wrong with the GS approach, in fact, it's been incredibly successful for both employees and the company. But the flip side, when a company goes "mercenary" like that, the only incentive you have left to offer is lots and lots of cash.
BC doesn't have people reporting to people with the same job title, which happens in a lot in parts of VMware.
Expect that people who've had offers to be levelled down once or twice, as has been posted in here a few times. Director to manager or senior manager.
If this deal does not go through, VMware is going to have to come up with a lot of retention incentives to keep senior talent from leaving.
Doubt it. BC's playbook is to flatten management layers, by what logic would they sweeten the offer to retain them? If anything they would improve offers for Staff2+ ICs but that would require Broadcom to recognize that they aren't buying a factory, they are buying senior talent. Nothing in their playbook shows they care about that.
Too little too late
It will be interesting to find out if this happens. If so it means they are getting push back; people rejecting the offers. Likely based on the reputation BC brings to the table.
Conscious and unconscious bias appear to have played a big role in the first cut
Careful with generalizations - a fair amount of good managers got the good the short end of the stick and no details. Core Field Leadership messed this sh-t up more than you know.
What's a manger?
just rumor. no updates.
What about ICs? It’s the entire management chain that has failed us. Even at a manger level why did you not keep questioning? Hope all mangers and above are replace. This has been a shitshow.
there is a plan on it. don't know details.