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11/27/2023, 7:59 PM (Source: TeleTrader)
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Broadcom to reportedly lay off some VMware staff

Broadcom Inc. will reportedly cut the jobs of many VMware Inc. employees following Broadcom's formal closing of the $69 billion acquisition of the company, Business Insider wrote on Monday.

Specifically, in an email viewed by Business Insider, Broadcom stated that certain positions will be eliminated as part of the company's "integration planning" and "assessment of organizational needs." Broadcom has committed to offering a "generous severance package" and providing a "non-working paid notice period" to all employees affected by the upcoming layoffs, the outlet said. However, the exact number of impacted workers has not yet been specified.

Following the final clearance by Chinese regulators last week, Broadcom completed its acquisition of VMware on November 22.

Baha Breaking News (BBN) / AB