Broadcom's Acquisition of VMware Leads to Massive Layoffs, Return to Work Threats
Arthur T Knackerbracket has processed the following story:
It was back in 2022 when Broadcom, known for designing and manufacturing semiconductor products, announced plans to buy cloud computing and virtualization technology company VMware in a cash-and-stock transaction valued at approximately $61 billion. The deal also sees Broadcom assuming VMware's $8 billion in debt.
Broadcom said it had completed the acquisition of VMware last November 22. As is often the case with mergers, one of the first actions being taken by Broadcom is to implement mass layoffs across the company it's just bought.
[...] If that isn't enough to anger VMware employees, those who aren't being fired have been given an ultimatum by Broadcom CEO Hock Tan: "If you live within 50 miles of an office, you get your butt in here," he said.
"Collaboration is important and a key part of sustaining a culture with your peers, with your colleagues," Tan added.
VMware has long been a remote-friendly company, a stark contrast to Broadcom, which is so anti-work-from-home that it ordered some employees back into the office in April 2020, despite California's stay-at-home orders.
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