Broadcom cuts no less than 2,800 VMware jobs following $69 billion acquisition

Broadcom cuts at least 2,800 VMware jobs following $69 billion acquisition

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Broadcom introduced again in Could of 2022 that it will purchase VMware for $61 billion and tackle a further $eight billion of the corporate’s debt, and on November 22 of 2023 Broadcom stated that it had accomplished the acquisition. And it seems like Broadcom’s first large transfer goes to be layoffs: in keeping with WARN notices filed with a number of states (catalogued right here by Channel Futures), Broadcom can be shedding no less than 2,837 workers throughout a number of states, together with 1,267 at its Palo Alto campus in California.

As Channel Futures notes, the precise variety of layoffs may very well be increased, since not all layoffs require WARN notices. We have contacted Broadcom for extra details about the full variety of layoffs and the sorts of positions which can be being affected and can replace if we obtain a response. VMware has round 38,300 workers worldwide.

The WARN notices listing the rationale for the layoffs as “financial,” however present no additional rationalization or justification.

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