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by jSully24
936 days ago
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In my experience in these situations (I was always being acquired), the acquiring company is at least partially counting on cost saving from getting rid of departments like finance, marketing, sales and legal as they believe they can do that with their own teams.
The acquiring company also will have their own metrics for proper sizing (employee count and spend) for engineering, support, product, etc which is likely lower than the company being acquired. But in this case VMWare is pretty mature so those metrics maybe ok
Can’t say I support this, but the bean counters love it. Edit: “ Broadcom has not returned CRN’s request for comment about the job cuts. The company, which closed its acquisition of VMware Wednesday, had previously stated it could find $250 million in synergies once it completed the deal.”
Synergies is code for the redundancies I mentioned above. |
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