Broadcom cuts jobs after $60 billion-plus acquisition of VMWare: Read the company’s email to laid off employees

Broadcom Inc recently completed its acquisition of software maker VMware Inc, following an unexpectedly long 18-month process that culminated in the deal getting approval in China. Broadcom announced the acquisition in May 2022. Broadcom Chief Executive Officer Hock Tan is reported to be using the deal to build a bigger foothold in so-called hybrid cloud services, which cater to businesses that store data both in their own facilities and outside server farms. “Together we are well positioned to enable global enterprises to embrace private and hybrid cloud environments, making them more secure and resilient,” he said in a statement.

Just days after the completion of the $69 billion acquisition of VMware by Broadcom, job cuts have started at VMWare. Several VMware employees reportedly received the news via email. According to reports, more than 2,000 people learned that they’ll be losing their jobs.