If your company is being acquired, you need to assume you, the employee, are disposable and not the reason for the acquisition.
Broadcom lays off many VMware employees after closing its $69 billion acquisition of the company
Submitted 11 months ago by silverbax@lemmy.world to technology@lemmy.world
https://www.businessinsider.com/broadcom-vmware-layoffs-employees-face-job-cuts-acquisition-2023-11
Comments
Tygr@lemmy.world 11 months ago
HeartyBeast@kbin.social 11 months ago
Particularly Broadcom, which is where old technologies go to die.
reddig33@lemmy.world 11 months ago
Mergers always mean layoffs.
otl@lemmy.srcbeat.com 11 months ago
Especially with their sizes: Broadcom has 20,000 employees and VMWare has 38,000.
billwashere@lemmy.world 11 months ago
And Broadcom has a history of buying companies and squeezing every cent from them before they destroy them. I don’t expect VMWare to be around in 10 years.
tagliatelle@lemmy.world 11 months ago
VMWare has 38k? holy hell. I was surprised by slack having over 3k.
bfg9k@lemmy.world 11 months ago
Guess I’m moving to proxmox
Free ESXi will also be killed off I bet
sebinspace@lemmy.world 11 months ago
I’ve been using PM for about a year now. It’s quite nice, although I’ll fully admit I’ve barely scratched the surface of what it can do. I’ve heard a lot of people transition to Prox and adapt fairly quickly.
iturnedintoanewt@lemm.ee 11 months ago
It’s not… A walk in the park, and some stuff will have you manually editing files, as the UI might be missing those. But so far I’ve been a happy user for a bunch of years.
corsicanguppy@lemmy.ca 11 months ago
I’ve got the project on my list to test oVirt.
Socsa@sh.itjust.works 11 months ago
Wait how in the ever loving fuck is VMware worth $70B?
WHYAREWEALLCAPS@kbin.social 11 months ago
They're the single largest name in virtualization. Almost half of all companies using virtualization are using VMware. And that's a lot of companies. Companies who have to pay licenses to use it. That's a lot of worth.
CluckN@lemmy.world 11 months ago
They run their servers on a $69.9B Yacht.
Thcdenton@lemmy.world 11 months ago
Damn vmware was miserable enough to work with already. Guess broadcom felt like pissing in the piss lake.
vagrantprodigy@lemmy.whynotdrs.org 11 months ago
I’m shocked. This definitely wasn’t predicted by literally everyone.
Etterra@lemmy.world 11 months ago
At this point, if you find out you’re getting or have gotten bought out, you should immediately just update your resume and start looking.
HeyJoe@lemmy.world 11 months ago
Although I agree, it is also nice to stick around and see what severance is offered as well. I’ve had friends who got paid out and were able to find a new job within a month of being let go and we’re able to pocket the extra money as a bonus. I get that it’s not always the case, and who knows if you will be so lucky to even find a job.
Trainguyrom@reddthat.com 11 months ago
When my internship was ending one of the Sysadmins gave some solid resume advice: make sure you can add at least one new skill to your resume every year. This forces you to keep your resume updated and gives you a warning sign for when your skills/tooling may be getting stale
Semi-Hemi-Demigod@kbin.social 11 months ago
Paid time off and a severance and they don't have to return to office? Sounds like the folks getting laid off got the better deal
autotldr@lemmings.world [bot] 11 months ago
This is the best summary I could come up with:
Many VMware employees learned Monday that their positions will be eliminated following Broadcom closing its acquisition of the company.
Employees whose positions were eliminated received an email on Monday viewed by Business Insider that said, “Broadcom recently completed its acquisition of VMware.
As part of integration planning, and following an organizational needs assessment, we identified go-forward roles that will be required within the combined company.
We want to make this transition as smooth as possible, including offering you a generous severance package and providing you a non-working paid notice period,” the email continued.
VMware had already begun job cuts prior to the acquisition closing, BI previously reported.
In the past year, several top VMware executives have left the cloud computing company.
The original article contains 333 words, the summary contains 121 words. Saved 64%. I’m a bot and I’m open source!
onlinepersona@programming.dev 11 months ago
In a previous article: Everything we know about what’s going on at VMware as employees leave in droves ahead of the $61 billion Broadcom acquisition
talent at VMware has started to leave the company because of uncertainty around the deal’s influence and hints from Broadcom’s CEO about ending remote work
From the get-go, Broadcom’s plan to buy VMware seemed far-fetched. The companies have little overlap, and with its massive price tag, the acquisition would rank among the highest ever in tech.
Yeah, this was doomed. It looks like nobody in the know was surprised. Customers, employees and analysts saw the layoffs coming.
pineapplelover@lemm.ee 11 months ago
What do I use now? I’ve tried virtualbox and it didn’t work well for me do I used vmware. Proxmox?
Bakkoda@sh.itjust.works 11 months ago
Proxmox for the win. As a complete hobbyist it’s been amazingly easy to use with enough features to keep me learning.
kool_newt@lemm.ee 11 months ago
Check out Xen, XCP-ng (was Xenserver), and/or KVM.
Pringles@lemm.ee 11 months ago
I’m already investigating alternatives for my company to move away from vmware when it inevitably turns to shit. We have not forgotten the shit Broadcom pulled with Veritas and finally managed to move away from that fully last year. Azure Arc seems promising and I have heard that a lot of companies are already switching from an old colleague.
JoeKrogan@lemmy.world 11 months ago
Thankfully we have KVM still ticking along
Contend6248@feddit.de 11 months ago
That was fucking fast, interesting, goes that makes space for the competitors than
bestnerd@lemmy.world 11 months ago
Uhh what does this mean for workspace one?
mosiacmango@lemm.ee 11 months ago
That it will be gutted of talent, like all other vmware products.
It will get more fragile, with less updates and features, and likely cost considerably more when your renewal is up.
bestnerd@lemmy.world 11 months ago
Ugh. I guess time start thinking of either birfurcating mdm or finding a uem that doesn’t cost an absolute fuck ton
steeznson@lemmy.world 11 months ago
I’m curious about how the rise of docker/kubernetes has affected these companies. I would have thought VMWare and Oracle would have been affected by the fall in the use of tools such as Vagrant for VMs.
BellaDonna@mujico.org 11 months ago
I first used Vagrant a decade ago, I don’t think of them in the same product space.
juja@lemmy.world 11 months ago
What does this mean for the spring framework? Doesn’t VMware maintain spring these days ? Or is it unrelated ?
gnurd@sh.itjust.works 11 months ago
First up in today’s most in-shocking new…
badbytes@lemmy.world 11 months ago
Article has paywall, I couldn’t pass.
malijaffri@feddit.ch 11 months ago
badbytes@lemmy.world 11 months ago
Thank you for sharing
otl@lemmy.srcbeat.com 11 months ago
Totally devoid of any humanity. Corporate jargon freaks me out. It shouldn’t, but it really gets to me.
Bizarroland@kbin.social 11 months ago
Shareholders are the worst creation of capitalism so far.
It allows you to create anonymous gray masters that you must serve at any cost no matter how humanly heinous they are.
Also, the bad thing that can happen to the shareholders is that they lose a little money whereas the people beholden to the shareholders can lose everything they have including their souls, and all the shareholders have to do is say "I had nothing to do with it, I just bought a piece of paper, I didn't even get a piece of paper I got an nft" and wash their hands of the whole thing.
The fact that our retirement accounts are being used to fund the hedge managers that create small shareholders that run the businesses that fire us so that the large shareholders get more money now in hopes that in some theoretical future the small shareholders get enough money to enjoy our twilight years is absolute insanity.
jdf038@mander.xyz 11 months ago
I think it’s totally reasonable to be weirded out by corporate jargon. It’s so 1984 esque. It seems like it’s created to help capitalists do their best not to lie in legal terms while at the same time communicating to their shareholders that money matters while also still trying to put on a facade of humanity for the PR front.
It’s so gross.
BearOfaTime@lemm.ee 11 months ago
It is jargon for sure, and bloviating to mask layoffs.
A merger will always have layoffs because there will be duplication of roles, especially in lower/middle management.
Some duplication may also occur in boots-on-the-ground roles, depending on the companies.
capital@lemmy.world 11 months ago
They’re masking it? Seems pretty plain to me.
penquin@lemm.ee 11 months ago
That’s capitalism. It’s a system that is devoid of humanity. Money is above everything, including human life.
SuperSpaceFan@lemm.ee 11 months ago
It sounds more like an AI-generated statement
MonsiuerPatEBrown@reddthat.com 11 months ago
the uncanny valley has made verbal inroads.