Thread regarding VMware layoffs

Feel bad for the 25 year old associate. Not for directors or VPs.

Does any BC person know the number of directors , senior directors and VPs in BC

https://www.thelayoff.com/t/1mNAKdvD

Reply as follows
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All designations go minus 1 at least or minus 2 in some cases. Specially for people managers. salary will not reduce as per the deal agreement. A VP will become a very highly paid Director for the market and a Director may become a very highly paid manager at BC. That’s for the job market. Good luck finding a job later explaining how you were a VP/ director earlier.

Broadcom layoff parachute is fantastic for VPs only when BC lays off its VPs. Read BC’s sec filings. Full 1 year salary, bonus and all RSUs is true. This is industry average too. But then the same is true for VMware VPs too. And that’s why VPs are protected even if they become non-VPs. Their executive severance agreements are so well defined that it will be treated as continuing benefits for 1 year post closure.

Apart from legal minimum, severance is not defined or protected for anyone below VP nor it is a benefit. Feel bad for the directors and snr directors who will be treated as ICs during separation. The snr director guy below is rightly showing the picture. Any director/ snr dir in his/her sane mind will be and should be hunting in the job market.

Dear "Concerned SD":

Based on my LinkedIn feed, SDs and VPs are using VMW as an all-expense paid travel agency right now. Multiple international trips throughout the first half of 2023. Many selfies of conference rooms in exotic locations.

Sounds to me like these business tourists know the end of the disco is rapidly approaching: the lights will soon turn on, and Hock and the rest of the bouncers will soon be asking all the partiers to leave.

and not tied to the only product VMW has…a HYPERVISOR…you better get your house in order.

What about Tanzu Kubernetes?

Does anyone know the answer to question #1 “ How many directors, senior directors and VPs are in BC now.”
VMware is full of VPs. F**k knows what they do.

In response to : "Will Sr Directors and below also get their unvested stock fully vested as part of the sev agreement?"

No.

Don’t worry - if you are more than two steps from the customer in your role and not tied to the only product VMW has…a HYPERVISOR…you better get your house in order.

Will Sr Directors and below also get their unvested stock fully vested as part of the sev agreement?

Title inflation is the rule, not the exception, at VMware.

I've now left VMW. In my org, the Sr. Director (my mgr) had less experience than I had. So too did the VP, for that matter. But they are both "big company" people, and so they fit right in at VMW. Their skills are in how to manage optics and politics, not in creating value.

I learned that my manager - a Sr. Director- had never managed people before coming to VMware.

All of this nonsense will stop once the BC acquisition is finalized.

I’m writing this as a concerned Senior director in VMware

Huh, who knew Senior directors wrote like 12 year olds?

Yes, it's true VPs get a 1-year salary, plus medical benefits, plus all their RSU gets vested. The VPs hanging around have nothing to worry about.

Sr Directors and below will all get the VMware severance package, which is maybe 2 months' WARN notice (maybe because I'm sure Hock will try to get out of that somehow), 2 months' pay, and 1 week for every completed year of tenure. Not the best package in the industry, but also not the worst.

Factor that into your math as you look for another job right now, as we all are.

Also to answer your first question, I've heard, all those who are kept drop a level when they join Broadcom. I've also heard Broadcom likes to run a flat organization. Leaders should have double-digit direct reports, unlike a lot of the Sr Directors and Directors here who sometimes have 3 reports or less.

It's it true that VPs get 1 year salary and all of their RSUs vested if fired?

Did this apply to Sr. Directors too?

You are a senior director (really?) and you're asking a question like that on a forum like this?

On behalf of most of the workforce we really hope BC fire you and your lazy cohorts....

I’m a VMware VP, I think I could be gone at the beginning..