446
Broadcom lays off many VMware employees after closing its $69 billion acquisition of the company
(www.businessinsider.com)
this post was submitted on 27 Nov 2023
446 points (97.6% liked)
Technology
68495 readers
3608 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I still fail to see how this benefitted anyone at either Broadcom or vmware
It didn't have to. It had to benefit shareholders and stock prices, that's it.
That said, you can be damn sure it benefited the executive teams at both companies, very lucratively. Anyone below VP level can get bent, of course, as is tradition with M&A deals.