Thread regarding VMware layoffs

I dunno - arguably holding out for the last dime and never considering that the deal could fail might also be seen as greedy. VMW sold quite near the total deal price before they locked down the stock. If the seller here decided to forgo a couple (potential) bucks on the deal in return for liquidity and certainty, that seems pretty wise.

post deal, (if it happens) there might be a lot of BC stock up for sale as people cash out. BC stock might fall? That’s another risk of tendering for the 50/50 stock. So this VM insider decided they didn’t like the odds?

When you are dealing with speculation upon speculation and the gambling which corporate trading is, you are always at the mercy of market forces. Financial investors like certainty and assurances, but most surprisingly in this transaction it has always been chicken and egg, until now and China has certainly made an ehh noidle of this. Sadly, people's livlihoods are always the collateral on this gamble.

Raghu was given less than three quarter and here comes the BC offer.

In case you don’t remember, Magoo wanted to become at 50K employee company. Not the best strategy when 15k of your current employees are not checked in doing meaningful work.

The responsibility of those 15k resembles the movie office space where someone’s job is to take the requirements from the customers to the engineers. And the highly paid employee didn’t even do that because the requirements are faxed or his lowly paid secretary does the job for them.

So true, so many people doing nothing of value, with inefficient processes that are the modern day equivalent of having a typing pool for those old enough to remember that inefficient processing of “paperwork”.

Neither was VMware acquisition strategy under Magoo effective, basically collecting companies and never integrating them, making silos upon silos upon silos. That isn’t Magoo’s fault, as that has been VMware’s style for at least 10 years now.

Dell and his SilverLake scûmbuddies wanted to sell to someone and knowingly didn’t pick a new qualified CEO from the outside that would shake things up and turn the company around. He found the bumbling fool that could hopefully keep the ship aloft for a few more years while the real men did the work in the background.

Now Dell is even more desperate sell and things will only get worse should the deal fall through. Maybe cousins in the SilverLake family tree will start buying out parts of VMware, just like an old car in a chop shop.

Literally every stockholder has had the option to sell at any point since news of the acquisition was first announced.

And now you can’t, for a week and likely more. 90% of stock holders left holding the bag. That is now how markets work.

This is FUBAR.

Markets needs to be liquid to react to all macro economic events, not but just the shenanigans of Hock and the geopolitics of China. You can’t just freeze trading on 90% of outstanding shares for weeks or months on end.

I’d guess that by mid-week soon market regulators around the world, in particular the US are going to start to talk about stepping in to stop the deal and tell Hock to try again. Stock takes a hit and we go back to filling out election forms if/when Hock get approval from China.

MA playbook

1. Find F’d up company ripe for price increase on sticky legacy products. (We are the new CA)
2. Make offer
3. Get regulatory approval
4. Close deal
5. Make offer letters and termination letters

Seems Hock forgot the order of these steps.

Literally every stockholder has had the option to sell at any point since news of the acquisition was first announced.

I sold some, didn't sell all.

Moves. Offer. Talking to foreign minister. All trap. HT playing 3D chess.

Why do they have tens of millions in comp in the first place?! Their work is not 100x more valuable to the company than the average employee’s.

I don't see the problem here. They own stock, they can sell if they wish, how is that your business? Since when is it your business what private individuals do with their property? Anyone stopping you from getting an SVP job and reaping the benefits?

For Ppl who think the deal will not go through, pls know tat already a huge grp of selected employees are flying to newyork from India for transition to Broadcom

Even if true, that is not any kind of definitive indicator thx

For Ppl who think the deal will not go through, pls know tat already a huge grp of selected employees are flying to newyork from India for transition to Broadcom

All the new exec staff JPB included are garbage selfish and greedy. The prior leadership who built the true culture and soul of this company are all long gone.
What’s left are opportunistic vultures fighting over the last dollars they can squeeze there is absolutely no care for our staff our their families whatsoever.

China is raining on your parade? Teaching the greedy a lesson?

Hardworking whats a joke.. Raghu (A techy) was not given enough time to prove his mental as a CEO. Even Pat took many quarters to steady the ship of Intel. Raghu was given less than three quarter and here comes the BC offer. I think the bad positioning is not because of Raghu or high level executives rather at the level of Sr Directors and Directors who recruited so many functional folks who had nothing to do with Engineering , Sales or technologies and they fall some where in between. VMware has 15 K Engineer and 22 K support staff shame.... if you can't write a code your future is not with BC even though you have been retained in round zero.

these are planned sales by their financial firms at that level, coincidence more than planned individually.

Sounds like law suit

The Senior leaders know 6 months before if they are going to achieve their targets or not before the front line employees. they know when to exit