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KKR announced on Monday that it entered into a definitive agreement to acquire the End-User Computing division from Broadcom for about $4 billion. Broadcom acquired VMware in November, and it had been reviewing strategic alternatives for EUC, BI previously reported. In addition, he said employees should help customers complete their renewals as many customers have expired renewals. Prior to the acquisition by Broadcom, VMware employees had already been speculating the EUC business, as well as the Carbon Black cybersecurity business, would be spun out, BI previously reported. Help customers complete their renewals and add on orders.
Persons: EUC, Shankar Iyer, Iyer, Robert Ruelas, Ruelas, Shankar Organizations: Broadcom, VMware, KKR, Business Insider, Reuters, Business, Iyer, EUC, Revenue Locations: Vegas
In today's big story, we're looking at the rising similarities between Target and Walmart. Dominick Reuter/Business InsiderIf imitation is the sincerest form of flattery, Walmart and Target are embarking on some serious tributes to each other. AdvertisementTwo of the country's largest retailers are taking pages from each other's playbooks as they adjust to a changing economic landscape. And Walmart founder Sam Walton openly admitted he stole borrowed plenty of ideas from Sol Price, the originator of the wholesale club model. That's led Walmart to see an increase in higher-income clientele, a trend they're leaning into.
Persons: , Dominick Reuter, Insider's Dominick Reuter, Dominick, Christina Hennington, it's, Sam Walton, Sol Price, That's, Charlie Flanagan, Management's Bryan Kelly, Li Deng, Mike Schuster, Sam Altman Andrew Caballero, Reynolds, Daniel Ek, Slaven Vlasic, Rebecca Zisser, Elon, Zers, Xochitl Gomez, Alyson Hannigan, Jason Mraz, Charity Lawson, Ariana Madix, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Target, Walmart, AQR, Investments, AQR Capital Management, Vatic Investments, Sigma, Investment, Barclays, ING, MSCI Israel, Tel, Tel Aviv Stock Exchange, Israel Securities Authority, Reuters, Broadcom, VMware, The New York Times, Inc, Adobe, ABC, Major, Baseball, MLB Network Locations: Israel, Tel Aviv, New York City, San Diego, London, New York
Under Broadcom, VMware will operate in four divisions, Broadcom CEO Hock Tan told employees last week in an email. Competitors swoop inNow that Broadcom has acquired VMware, competitors, and partners see a big opportunity to win over VMware customers. VMware customers had already been concerned that Broadcom ownership may hurt innovation and cause a talent exodus , while VMware slowed down customer deals, BI previously reported. He said he has heard from VMware customers that they're "really concerned" and that Broadcom is "confirming the worst fears" customers have about the acquisition. VMware layoffsBroadcom conducted layoffs of VMware employees on Monday.
Persons: It's, it's, Hock Tan, Hock, Nutanix, Rajiv Ramaswami, they've, Ramaswami, Bryan Cantrill, Cantrill, they'll, what's, Tan, he'll, Hock E, Tan Lucas Jackson, Raghu Raghuram Organizations: Broadcom, VMware, Business, EMC, Dell, Employees, BI, Oxide Computer Company, San Francisco Chronicle, Symantec, CA Technologies Locations: China, Dell, India, Latin America
Broadcom sent an email to employees joining from VMware telling them they must return to an office by Monday. Employees living over 50 miles from a Broadcom office may be considered remote if Broadcom management approves it, the email said. Tan had told VMware employees before the acquisition's close that he expected employees to return to the office. VMware employees told BI they worried about a culture clash because VMware was more remote-friendly. A1: Typically, individuals over 50 miles from a Broadcom office may be considered remote.
Persons: Hock Tan, Tan, we've Organizations: Broadcom, VMware, Business, BI, Employees Locations: US, Americas, Asia, Pacific, Europe, Africa
Hock Tan, the CEO of Broadcom, said in an all-hands meeting Tuesday that he expects employees living within 50 miles of an office to return to in-person work. One submitted question was: "What can you tell me about headquarters, office locations, and remote work?" "Any other exception, you better learn how to walk on water if you want to work remote," Tan said at the meeting. Broadcom laid off some VMware employees earlier this week, BI first reported. Before the acquisition closing, Tan was already telling VMware employees that he expected them to return to the office.
Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Business Locations: Palo Alto , California, Palo Alto
On Tuesday, Broadcom CEO Hock Tan addressed questions from VMware employees in an all-hands meeting. Some employees asked about company culture perks such as employee-resource groups and company-wide parties – both of which Tan said Broadcom doesn't do, according to a recording of the meeting viewed by Business Insider. Tan added that Broadcom doesn't have those groups although it doesn't mean the company shouldn't and that it could learn from them. He said Broadcom doesn't do celebrations on a company-wide basis, but each division can choose to have celebratory or team-building events if they want. Broadcom laid off VMware employees on Monday.
Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Business, Broadcom doesn't
Broadcom to lay off 1,300 VMware employees following takeover
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: 1 min
A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 30 (Reuters) - Chipmaker Broadcom (AVGO.O) will lay off about 1,300 VMware employees in California following its acquisition of the cloud-computing firm, Bloomberg News reported on Thursday. The chipmaker will also review strategic options for two business units of VMware, Insider had reported on Wednesday, citing a leaked email from CEO Hock Tan to employees. Broadcom closed its $69 billion acquisition of VMware on Nov. 22 after receiving regulatory approval from China. Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Hock Tan, Arsheeya, Shailesh Organizations: Broadcom, REUTERS, Bloomberg, VMware, Thomson Locations: California, China, Bengaluru
Broadcom CEO Hock Tan plans to consolidate some teams at VMware following his blockbuster acquisition of the cloud software provider. He said Broadcom plans to consolidate offices and teams at VMware, particularly those in sales, HR, and finance, according to a recording of the meeting reviewed by Business Insider. "Broadcom has a software group that sells to many of the same customers VMware sells to," Tan said at the meeting. Already, Broadcom has started laying off VMware employees, BI first reported. Besides consolidating teams and laying off employees, Broadcom is looking into strategic alternatives for its End-User Computing and Carbon Black units, Tan said in an email last week.
Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Business, San Francisco Bay Area, San Francisco Chronicle Locations: San Francisco Bay, Palo Alto
Broadcom CEO Hock Tan told employees he's reviewing strategic alternatives for two parts of VMware following the acquisition of the cloud software company. Most recently, VMware president Sumit Dhawan became CEO of cybersecurity company Proofpoint. I am very pleased to welcome VMware employees to Broadcom and bring together our engineering-first, innovation-centric teams. We will also continue to support VMware's End-User Computing, led by Shankar Iyer, VP and General Manager, and Carbon Black, led by Jason Rolleston, VP and General Manager, as we review strategic alternatives for these two businesses. As we move forward, we expect there will be growth opportunities for VMware employees within the larger combined company.
Persons: Hock Tan, Tan, CRN, Raghu Raghuram, Krish Prasad, Purnima Padmanabhan, Sanjay Uppal, Umesh Mahajan, Thoma, Sumit Dhawan, , Shankar Iyer, Jason Rolleston, Mike Gannon, • Regan McGrath, Luigi Freguia, • Sylvain Cazard, Cynthia Loyd, Ricky Cooper, Joan Stone, Mark Nagle, • Bryan Prosek Organizations: Broadcom, VMware, Business, VMware Cloud Foundation, CA Technologies, Thoma Bravo, Symantec, Cyber Security Services, Accenture, HCL Technologies, Broadcom Employees, , Security, Strategic, Corporate, Asia Pacific, Services
After Broadcom acquisition, VMware will operate with four divisions. A leaked email shows the top executives who will lead one of these divisions, Software-Defined Edge. Broadcom laid off VMware employees this week after closing the deal November 22. After Broadcom closed its $69 billion acquisition of VMware on November 22, it also did some reorganization. Tan also named other top executives who will report to Uppal and help lead the division, according to an email that was viewed by Business Insider.
Persons: Hock Tan, Sanjay Uppal, Tan Organizations: Broadcom, VMware, VMware Cloud Foundation, Business
AdvertisementBusiness Insider's Katie Notopoulos has a rundown on how a relatively scandal-free summer for Meta has erupted into a full-blown crisis at Instagram. And the fix for Instagram's Reels might not be simple or one Meta's willing to make. Instagram, Tyler Le/InstagramThe WSJ's report illustrates a broader issue the ad industry is grappling with. Ad spend has never fully recovered since the onset of the pandemic, meaning companies have to do more with less. AdvertisementAll of that puts the ad industry in a juxtaposition.
Persons: McDonald's, Meta, influencers, Katie Notopoulos, Instagram, Tyler Le, Lauren Johnson, Lauren, Joe Biden, Chip Somodevilla, Here's, It's, Chelsea Jia Feng, Veronica Thatcher, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: The New York Times, Wall, Meta, UBS, Business, Google, White, Philadelphia Federal Reserve, Apollo Management, Bank of America, Chelsea, Microsoft, BI, Broadcom, VMware, Amazon, Intuit, CrowdStrike, Hewlett Packard Enterprise Locations: Instagram, Washington ,, Gaza, America, New York City, San Diego, London, New York
Broadcom announced it closed its $69 billion acquisition of VMware on November 22. AdvertisementMany VMware employees learned Monday that their positions will be eliminated following Broadcom closing its acquisition of the company. Employees whose positions were eliminated received an email on Monday viewed by Business Insider that said, "Broadcom recently completed its acquisition of VMware. Some VMware employees speculated that Broadcom could spin out units like the security unit. Some VMware employees said they worried about a culture clash with Broadcom, especially as Broadcom requires returning to the office.
Persons: Organizations: VMware, Broadcom, Service, UK . Employees, Business, BI Locations: China
Insider Today: Your knockoff's hidden cost
  + stars: | 2023-09-15 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
Tech: What could become of VMware employees when Broadcom's acquisition closes. What could become of VMware employees when Broadcom's acquisition closes. AdvertisementAdvertisementSo, instead of visiting the company's website, you head to one of the many e-commerce sites offering knockoffs. 3 things in techRaghu Raghuram VMwareLeaked email: The fate of VMware employees as Broadcom acquisition closes. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Sen, Mitt Romney, Chelsea Jia Feng, Insider's Jennifer Ortakales Dawkins, Counterfeits, Birkin, Dow Jones, Michael M, Ray Dalio, Raghu, , chatbot, Brooks Kraft, Vivek, crowdfunding, Joe Raedle, JW Anderson, Molly Goddard, Julia Pugachevsky, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, VMware, Yorkers, Bridgewater Associates, Broadcom, Apple, Brooks Kraft LLC, Burberry, Riot Fest Chicago, Foo Fighters, Postal Service, Cutie, Happy National Hispanic, Costa Rica Blue Locations: Wall, Silicon, New York, Queens, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Spain, New York City, San Diego, London
VMware employees received an email this week laying out what their fates could be when Broadcom closes its $61 billion acquisition of the cloud computing and virtualization company. Sutter had cautioned that employees should "expect a feeling of acceleration" as the close date approaches and that Broadcom is "driving the playbook," the email said. According to the email, VMware employees will have one of three options for their employment status: receive a Broadcom offer, a transitional role offer, or a severance package. VMware is aiming to notify employees of their status by mid to late October, but it could be later or after the acquisition closes, the email said. The target for notifying employees of their status is mid-late October, but it could be later or even after close.
Persons: Raghu Raghuram, Betsy Sutter, Sutter Organizations: VMware, Broadcom, Employees
Broadcom is planning drastic cuts of VMware's non-engineering staff, sources told Insider. Broadcom is currently preparing to close a $61 billion acquisition of VMware. Broadcom is planning deep job cuts at VMware, focusing on non-engineering jobs, according to two sources familiar with the matter. Broadcom is currently preparing to close a $61 billion acquisition of VMware. VMware employees have been expecting layoffs once the deal closes, and Broadcom leadership previously told VMware staff that it wanted to make the company "lean and flat," as Insider previously reported.
Persons: Hock Tan, Tan Organizations: Broadcom, VMware, Employees, European Union, SEC, CA Technologies Locations: Broadcom's
Like my fully-remote colleague Rebecca Knight, I miss sharing random thoughts with my colleagues. My colleague Darius Rafieyan breaks down the novel setup that's helping unprofitable startups raise money. In other news:Hacker Fellowship Zero is cultivating batches of tech developers, many who are jumping into the generative AI wave, per a New York Times report. Welcome home: A Hype House for generative AI developers. Generative AI has a Digital Blackface problem.
Persons: It's, I'm, Siu, Rebecca Knight, Rebecca, Rebecca Zisser, Darius Rafieyan, Simon McGill, Marc Benioff, Sam Altman, Altman, Mark Zuckerberg, Alistair Barr, GirlfriendGPT, bro, Putin, Diamond Naga Siu, Nathan Rennolds Organizations: Bank of America, New York Times, Getty, San, Toyota, Ryanair, Patryk, Software, VMware, Employees Locations: New Jersey, San Francisco, techies, New York, San Diego, London
Broadcom plans to acquire VMware for $61 billion, and they're preparing to close the deal this year. Workers in end-user computing and Carbon Black security think their units could be spun out or sold. Broadcom's upcoming $61 billion acquisition of VMware has led employees in two units — end-user computing and Carbon Black security — to speculate that their units could be spun out or sold. The EUC unit builds products such as Horizon and Workspace One that allow users to access their enterprise applications from anywhere over the cloud. After Carbon Black was acquired, it was supposed to take a year or two to get integrated with VMware.
Persons: Thoma, they'd, Rob Ruelas, John Ryan, Sarah Swatman, Angus McGeachie, Chris Rottner Organizations: Broadcom, VMware, Workers, Symantec, Securities, Exchange Commission, CA Technologies, Thoma Bravo, Cyber Security Services, Accenture, HCL Technologies, EUC Employees, Carbon, Symantec's Locations: EUC, Europe, Africa
Broadcom and VMware announced the $61 billion deal last year and recently pushed back the deadline as it undergoes regulatory scrutiny. Insider spoke with one former and four current VMware employees about the changes they expect to face once they are owned by the chipmaker Broadcom. A VMware spokesperson said in a statement that after the deal closes, VMware customers will obtain "more choice and flexibility" in managing their IT needs, especially across multiple cloud-computing services. Executives leaving VMwareVMware has lost several key executives since the Broadcom deal was announced (including several defecting to VMware's archrival Nutanix). "Nonetheless, I've continued to see questions in press reports about whether we intend to raise prices on VMware products.
Persons: , Sanjay Poonen, Patrick Morley, haven't, Robert Ruelas, EUC, Kit Colbert, hasn't, Zane Rowe, Tom Gillis, Mark Lohmeyer, Ajay Patel, Kal, Karen Egan, Tom Kellermann, Raghu Raghuram, Hock Tan, Colbert, Tan, Hock E, Lucas Jackson, I've Organizations: VMware, Employees, Broadcom, SEC, Carbon, Symantec, Workers, Tech, VMware hasn't, VMware Employees, VMware VMware, Nutanix, Raghuram, Reuters
Analysts were skeptical of the Broadcom acquisition from the startFrom the get-go, Broadcom's plan to buy VMware seemed far-fetched. Read more:Customers and employees tell Insider the worst is yet to comeWork at VMware quickly lost meaning for employees under the threat of Broadcom's impending acquisition. Meanwhile, VMware customers are starting to feel the ripple effects. Since the Broadcom deal was announced, VMware employees have reported "aggressive" recruiter outreach from giants like Amazon Web Services, Google, and IBM. They told Insider about their plans to use the buyout to get closer to VMware customers.
But some partners say they're optimistic and see an opportunity to cozy up to VMware customers. In fact, several VMware partners view the seismic buyout as an opportunity and hope to use it to their advantage. Even those who weren't as optimistic about Broadcom's takeover told Insider the 24-year-old company was in need of a shake-up. Why VMware partners are optimisticBefore the acquisition announcement, Broadcom told investors the firm was "totally focused on the priorities" of 600 top strategic accounts. "Broadcom is where good software goes to die," an employee from a VMware partner told Insider.
VMware's conference for customers, employees, and partners kicked off this week in San Francisco. Broadcom CEO Hock Tan made a surprise appearance at VMware's big annual conference, VMware Explore, which kicked off this week in San Francisco. Prior to the acquisition announcement, Broadcom told investors the firm is "totally focused on the priorities" of 600 top strategic accounts. "What typically happens with acquisitions like this is that innovation stops," an IT professional for a smaller VMware customer in the oil industry told Insider at the conference. Several smaller customers told Insider they're worried that when the buyout closed, they may be forced to switch to bigger vendors like Microsoft, despite preferring VMware services.
VMware employees are leaving the firm in droves after Broadcom announced its plans to buy the firm. Employees told Insider they received an "onslaught" of recruiter emails after the announcement. Days after the chip firm Broadcom announced a $61 billion deal to acquire the cloud-computing company VMware, recruiters could sense the malaise within VMware — and they pounced. Seven current and recent VMware employees said they'd been approached by recruiters in large volumes following the announcement of the acquisition. Unless I'm actively looking and applying for positions, I haven't been directly reached out to," the engineer told Insider.
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