- cross-posted to:
- technology
- cross-posted to:
- technology
Broadcom is laying off 1,267 Palo Alto-based VMware workers following its acquisition of the company
Chip manufacturer Broadcom wrote the latest chapter in the long story of return-to-office tensions between bosses and employees.
After completing its $69 billion acquisition of cloud computing company VMWare, Broadcom CEO Hock Tan issued a direct order to his new employees about where they must work. “If you live within 50 miles of an office, you get your butt in here,” he told the workers of previously remote-friendly VMWare.
The comments came during a meeting Tan hosted on Tuesday after the merger between the two companies officially closed, following approval from Chinese regulators. Like many other executives, Tan cited in-person work’s benefits to collaboration and company culture. “Collaboration is important and a key part of sustaining a culture with your peers, with your colleagues,” he said.
Note that broadcom is notorious for buying a company with “captive” customers and gouging the customers while slashing expenses.
They are ecstatic to have people quit and they don’t even care if the “good” ones quit, because they just need to gouge VMware customers for a few years and if VMware becomes a dried up husk of a company, they roll their revenue into a new company to vampire into oblivion.