VMware to Initiate Over 300 Job Cuts in Ireland Following Broadcom Acquisition In a move that will reshape the technological landscape of Ireland, cloud computing giant VMware, recently acquired by semiconductor company Broadcom, is set to initiate over 300 job cuts. This decision falls in line with Broadcom’s commitment to reduce costs by $1.3 billion … Read more
PALO ALTO, California — Tech industry job cuts in the Bay Area have reached two new grim milestones with the disclosure that the Broadcom purchase of VMware will spawn well Source link
PALO ALTO — Tech industry job cuts in the Bay Area have reached two new grim milestones with the disclosure that the Broadcom purchase of VMware will spawn well over 1,000 more Silicon Valley layoffs, documents show. With the latest revelations of upcoming layoffs, the tech industry has now disclosed plans to chop twice as … Read more
© Reuters. Broadcom (NASDAQ:) Inc. has announced a significant round of layoffs at VMware (NYSE:)’s Broomfield office, with 184 employees set to lose their jobs starting in January 2024. This move comes as Broadcom, which recently completed a $61 billion acquisition of VMware, begins implementing a broader cost-reduction strategy. The layoffs, disclosed through a WARN … Read more
Source: Sasima / Shutterstock.com Last week, Broadcom (NASDAQ:AVGO) announced that it had successfully acquired VMware after receiving a final regulatory approval from China. Broadcom previously received regulatory approval from the U.S. and U.K. The process took well over a year, as the company first announced the $69 billion acquisition in May of 2022. Now, as … Read more
VMware started cutting jobs this week as Broadcom prepares to acquire it. Broadcom has said it expects to close the deal October 30, although China could hold it up. Previously, Insider reported that Broadcom was planning drastic job cuts for VMware. VMware has begun job cuts this week as a deadline for Broadcom’s planned acquisition … Read more
Ameritas Advisory Services LLC trimmed its position in shares of VMware, Inc. (NYSE:VMW – Free Report) by 36.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,289 shares of the virtualization software provider’s stock after selling 1,302 shares during the period. … Read more
VMware, a company specialising in cloud computing and virtualisation, conducted a staff meeting last week during which it warned employees of impending layoffs. The announcement came as Broadcom finalises its $61 billion acquisition of the company, expected to be completed in late October. According to The Register, the meeting was a routine quarterly company update, … Read more
VMware last week held a staff meeting at which it reportedly foreshadowed job cuts – perhaps before its acquisition by Broadcom closes in late October. The Register has confirmed that the meeting took place last week and that it was a regular quarterly company update that featured a Q&A session with staff. Accounts of the … Read more
Panagora Asset Management Inc. decreased its holdings in VMware, Inc. (NYSE:VMW – Free Report) by 88.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,839 shares of the virtualization software provider’s stock after selling 58,511 shares during the period. Panagora Asset Management Inc.’s holdings in … Read more