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Broadcom Inc., an American semiconductor manufacturing company, recently completed its acquisition of VMware, a cloud computing company. The deal was done after China issued approval for the transaction last month.
Reuters reported that as Broadcom takes over WMware, it will be terminating jobs that will affect about 1,300 VMware employees. The chipmaker is laying them off, and the news first emerged on Thursday, Nov. 30.
The California-based semiconductor firm will also assess strategic options for two of VMware’s business units. The new information was said to have come from a leaked email to employees from the chief executive officer, Hock Tan.
Imminent Layoffs in California Office
Broadcom’s takeover of the cloud computing firm is expected to help the company push deeper into the software business industry. However, as the deal is sealed, many employees of VMware are now facing job termination.
It was said that the removal of workers had been scheduled to start on Jan. 26. Reports indicated that the job cuts were also revealed through the company’s filing submission to the California Employment Development Department.
VMware’s HQ will Continue to Operate
Most affected posts are located at the Palo Alto headquarters of VMware Inc. Then again, despite the exit of more than a thousand staff, the office will remain open and operational, as per Bloomberg.
Meanwhile, it was explained that Broadcom is only following its regular practice of axing support job posts to trim down expenses after the takeover, which cost the company $69 billion. The chipmaker completed the acquisition of VMware on Nov. 22 after China finally approved it amid the U.S.-China tensions. The clearance was issued not long after China’s President Xi Jinping and U.S. President Joe Biden met up during the APEC summit that was held in the United States last month.
Photo by: Broadcom Website
