Any idea what is happening in this meeting?
13 replies (most recent on top)
An organized shopping trip in Burlingame?
Who cares? Use the time you have left and focus on the stuff that is important to you.
“ But Blind left one of its database servers exposed without a password, making it possible (for anyone who knew where to look) to access each user’s account information and identify would-be whistleblowers.”
https://techcrunch.com/2018/12/20/blind-anonymous-app-data-exposure/
Now that is how you run a biz!
Nothing to see here, move along.
thanks, but no thanks. last time blind had a breach people’s corporate email addresses and god knows what else were exposed for weeks, and they didn’t even realize it until some journalist warned them. and even then they were like “sorry guys, we had a data breach, but don’t you worry, only those of you who were using our app for the last couple of months were impacted”.
like i said, thanks but no thanks.
You won’t feel that Blind is so anonymous once they get hacked.
How about taking your internal concerns to Blind?
You are just creating a place for trolls.
PSO margins are horrible. For a business that bills over $300/hr for consultants and can still only net margins in the teens says something about how that BU is run. I think PSO is ripe to be sold off but with so many people sitting in non-billable roles a potential buyer is not going to look favorably at the business. My guess is leadership is discussing two key issues. How to keep the top players from leaving and how to get the non-billing deadwood reduced.
Managers making sure they use the corporate expense account as much as possible.
Planning the transition of business to HCL.
That Michael Dell! You really have to be a special kind of person to destroy a company for your own personal benefit.
He's already filthy rich, but I guess he's not ranked high enough on the tres commas list, so he needed to sell a company like VMware to a PE. Its just good business, is what they'll say.
"I suspect most of their plans where around the deal closing in a year and it looks like it might take much longer."
GREAT point re. Paying out bonuses. Does VMW even have enough cash to do that?!
I need to dig back into the financials again. I did that right after the acquisition was announced, and was stunned by the debt levels on VMW's balance sheet. Those are due no doubt to Michael Dell taking on debt while plundering the cash.
Seems like the company is facing challenges due to the delayed deal and the potential impact it could have on retention, particularly with annual bonuses and no prospects of another bonus next year. Other teams had offsites this week. The situation is beyond the capability or control of VMware leadership, who appear to have no clear plan. Making it up as they go along. VMW may need to consider implementing new retention strategies, for those who are critical to ongoing success during this period of uncertainty.
Given the current situation, some might be concerned about job security and future bonuses. For those who've had enough, here are some resources that might help:
https://www.tealhq.com/post/3-ways-to-use-chatgpt-ai-for-your-job-search
https://www.tealhq.com/post/four-ways-to-use-chatgpt-to-optimize-your-linkedin-profile
Who cares? Maybe they will all pet the turtles and then take them back home with them.
These are the same bad leaders who screwed up so much we were acquired by a bottom feeder. I’m amazing they even managed to organize a meeting, forget about a new strategy.
More money thrown down the toilet. Should be a great boondoggle for those that will fly internationally to San Fran.
Maybe someone can do an intervention and buy Magoo a new wardrobe.
For Fs sake…. The insanity of it all.
They are trying to figure out how to run the company for another 6 months before the deal can be closed. The real issue is all the employees will get their annual bonuses on April 15th and have zero prospect of getting another one next year. I do not know how the retention bonuses were setup for employees (for VP+ its likely tied to the closing), but some of them might start to kick in. I suspect most of their plans where around the deal closing in a year and it looks like it might take much longer. I know Broadcom likes to cut deeply, but I suspect they want to keep a few keep employees.