Broadcom is to make major layoffs at VMware after its $61 billion acquisition closes
According to Business Insider, the Broadcom cuts are expected to focus on non-engineering roles.
It is speculated that layoffs could come as early as the end of this month after both companies publish their latest earnings results.
The UK regulator approved the deal last month after the merger was given the green light in Europe.
A VMware spokesperson said that while the company expected Broadcom’s acquisition of VMware to close within Broadcom’s fiscal year 2023, integration planning is not complete, and any rumors about post-acquisition plans are both speculative and premature.”
VMware had about 38,300 employees in February, while Broadcom had roughly 20,000 staffers in October, according to Securities and Exchange Commission filings.
Broadcom CEO Hock Tan chopped thousands of jobs after buying companies including CA Technologies and Brocade.
VMware employees have been expecting layoffs once the deal closes, and Broadcom leadership told VMware staff it wanted to make the company “lean and flat,” Insider previously reported. Already, several executives have left VMware.
