Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. The role was a dream job, but they left ten days after the $61 billion . The companys annual contract value (ACV) billings grew 10 percent year over year to $193 million. in use for more 20 years If not, any recommendations of where to go? Insider took a deep dive into the frustrations bubbling up in the VMware ecosystem amid the buyout. NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, 7 power players who left VMware as Broadcom's $61 billion buyout looms and employees leave in droves and 4 who recently joined, Some VMware partners say they're optimistic about the $61 billion Broadcom buyout and see it as an opportunity to cozy up to customers who fear they'll get lost in the deal's fallout. I ain't got time to do any proper research here, so context pls! CRN learned at the time that AWS would not be greatly affected by that layoff round. Maybe they'll start handing out "Atta https://www.teamblind.com/browse/Broadcom-Layoffs-74142. A recovery of PCs in F2H23 remains uncertain while demand for data center equipment could also weaken., An analyst with Morgan Stanley wrote in a Thursday report that the CDW news likely reflect[s] greater large SMB spending caution and deal downsizing/cancellations/pushouts.. Customers told Insider they feared innovation would be stifled under the chip giant and that top talent would leave the firms. In January, Amazon also said it would lay off 18,000 employees. Attendees showed up with the looming deal top of mind, hoping to get some answers. Broadcom doesn't seem to share those values, one employee said. So far, there have been no layoff announcements at Broadcom, though some employees at VMWare have left the company since the deal was announced. How will this effect us? Combining our assets and talented team with Broadcom's existing enterprise software portfolio, all housed under the VMware brand, will create a remarkable enterprise software player, with a continued focus on technology innovation. Tom Gillis. readmore. But customers and employees alike say the deal is squandering VMware's success. readmore, https://amp.cnn.com/cnn/2023/04/26/tech/microsoft-activision-whats-next/index.html. We've got a long road ahead,'" that employee said. It is avery strong rumor now that BCM will exit the TV STB SoC space - no more Broadcom after 2024. readmore. Yesterday "EU says Broadcom's proposed VMware deal could restrict competition" A Broadcom spokesperson said that last year the company launched Diversity@Broadcom, an initiative to promote DEI across its workforce. Once Broadcom officially becomes VMware's owner, can I apply for a job even if I was previously laid off from VMware? Some point to the history of the CA and Symantec acquisitions as an indication of what may happen with VMware, but VMware is a much bigger purchase, three times the size of CA ($19B) and six times that of . fast network access In terms of free cash flow, Nutanix generated free cash flow of $18.5 million in fiscal year 2022, compared with having negative $158 million cash flow in fiscal year 2021. VMware asks: On Earth Day, What Is Enough? Jun 9, 2022 the companys future under Broadcom as they worry about layoffs , As VMware prepares for an acquisition by Broadcom , employees say . VMware and Broadcom have given themselves more time to conclude the acquisition of the former by the latter. He can be reached at mharanas@thechannelcompany.com. Jun 9, 2022 Employees of software giant VMware are facing a lot of uncertainty As soon as the deal was announced, layoffs were haunting VMware , , https://www.crn.com/news/channel-programs/vmware-employees-ask-why-should-i-stay-amid-broadcom-takeover. Sign up for notifications from Insider! Long story short, it's been a cluster since joining. readmore. CDW, with 15,100 employees, is slated to report its first fiscal quarter 2023 financial results on May 3. readmore. VMware shareholders can choose between receiving $142. The deal is expected to close in Broadcom's fiscal year 2023, which began in November 2022. VMware employees and users have justification for concern. The on-premises market is the Titanic going down, said Mullaney. The list of tech companies laying off workers keeps growing, including recent cuts from Google and Microsoft. Some employees, at least, aren't so sure, citing perceived differences between VMware's more flexible corporate culture and Broadcom's more buttoned-up approach to business. Apple is the only major tech giant to avoid job cuts so far after Google, Microsoft, Meta, and Amazon all announced cuts in the last few months. Open for business? Some VMware employees are worried about the company's future under Broadcom as they worry about layoffs, culture clashes and returning to the office. Broadcom Inc. is a global infrastructure technology leader built on 50 years of innovation, collaboration and engineering excellence. Staff receive RSUs? Thoughts? I.e. Can I Be Laid Off While On Workers Compensation? Contact information: VMWare Support and Customer Service Phone Number: 1 (877) 486-9273 Working from home "gives you a lot of freedom and flexibility to do your job and care for the family," one employee said. So I'm thinking about resigning after the bonus is paid out. In 2020, when many companies began cutting workers amid pandemic fears, Palo Alto Networks CEO Nikesh Arora announced he would forgo his salary to avoid layoffs. readmore, imagine company use product have this details: CDW has a broad selection of vendors, and its scale drives favorable terms and allows the company to take inventory positions through its distribution facilities. Glassdoor, VMware is laying off 107 Palo Alto employees Silicon Valley , Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Does anyone have any suggestions? readmore. Nutanixs annual recurring revenue in the quarter reached $1.2 billion, representing an increase of 37 percent year over year. It . While Cook may not have taken the cut to avoid job losses in a filing, the company said the decision was made to address shareholder concerns about Cook's high pay package it still won the company some goodwill. readmore, I'm quite saddened to hear some people from VMW who wouldn't want to work here at all. According to layoffs.fyi and Insider . It's not that I don't often wish to work somewhere else but I don't have many complaints. It . Broadcom bet $61 billion on VMware to expand its business in the cloud. https://news.vmware.com/esg/intrinsically-evergreen-vmware-earth-day-2023 readmore. It dealt with most employee scenarios. We made the difficult decision to reduce our head count by letting go of approximately 270 employees, about 4 percent of our total head count, said Nutanix CFO Rukmini Sivaraman. Harry Murphy/Sportsfile for Web Summit via Getty Images. Meanwhile, VMware customers are starting to feel the ripple effects. At one point in my job hunt, I was weighing two different offers. It doesn't line up with Broadcom's way of operating.". So much so, that no fewer than five stories about job cuts cracked this month's countdown. VMWare is a subsidiary of Dell Technologies. . Has anybody from the previously acquired companies been through something similar and could It won't matter. handles very large files easy This garbage is why we were targeted for Sat 1 Apr 2023 at 18:30. However, not all tech companies have announced a round of job cuts in the last 6 months. Thank you, you royal bags of sh--e, for destroying billions in a deal that people actually want. On top of layoff worries, workers fear they'll lose remote-work benefits and the company's focus on inclusion. Access your favorite topics in a personalized feed while you're on the go. did things get better since i left in 2021? Is there a required notice period to give or would I be able to resign efficient immediately? It has also invested in artificial intelligence. Despite a competing offer, this worker chose VMware because of the culture. Mullaney was the CEO of software-defined networking pioneer Nicira, which was acquired by VMware in 2012 for $1.3 billion. Are you a single entity or apart of a wider group? Complete squishing is sometime in Oct at end of Broadcom financial year. Company emphasizes frugality in operating costs. About Broadcom Corp.: Broadcom Inc. (old name: Avago Technologies) is a maker of products based on analog and digital semiconductor technologies. I have something already lined up and waiting for vmw severance. Already announced layoffs for everyone in Support ESD in the UK. The pay . "It is too early to make assumptions about the outcome of the unsolicited acquisition proposal by Broadcom. "The internal dialogue was that we were going to go back to our former glory as an independent company," one employee said. Here's what Broadcom CEO Hock Tan is telling VMware employees following the departure of software leader Tom Krause. ", For instance, employees said that while most VMware staff could work from home, Broadcom leadership had indicated that it generally wanted employees working in person. Seriously Raghu, did Hock make you say that? Has anyone's hard work really paid off here? This leaves a lot on the line for both firms, with analysts calling it a "major change of strategy." In fact, when we see a downturn in the economy, when you see some of these layoffs, it's an area that's of great exposure to many companies, and it's a time when adversaries continue their relentless attacks," CEO George Kurtz said recently on CNBC. allows file annotations but. The essay has been edited for length and clarity. The list of tech companies laying off workers keeps growing, including recent cuts from Google and Microsoft. Frontline Managers, Reps, etc. Weird, innit? Oh, but we're getting an extra five percent on that bonus that is not guaranteed, and the stock is now down $200 from earlier in the year. Messages relating to layoffs at VMware are presented below the company info. But look at how many brown people we hired! However, Amazon's newest 9,000 layoff round . Theres only two ways to do it: grow revenue or cut costs. Clearly the market believes this merger is happening. That's right. Weird end of FY BTW. Apple CEO Tim Cook has avoided a massive layoff. Theyre going to fire 20,000 VMware people, predicts Mullaney. Learn why. But it was mostly just the right thing to do from a financial and a certainty perspective. It's the increasing number of layoffs and companies that do business in the channel. The acquisition is said to have been made quietly without the employees' knowledge. Block is a fintech company that owns Square, Cash App, and Tidal. VMware will be Broadcom's largest software move and continue the diversification of its revenue. I know what theyre going do. Nor is it a software company. What's your total bonus as percent of target. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. The only thing I feel bad about is that I think this company can be While COVID-19 and chip shortages have disrupted global supply chains, similar to past periods of supply constraints, we believe that CDW management remains a strong executor and the company is well positioned to capture market share., The report continued to say CDW has a well-diversified revenue base across several end-markets, which decreases the companys risk profile. Cloud News Nutanix Execs Talk VMware-Broadcom, Layoffs As Stock Spikes Mark Haranas September 01, 2022, 10:38 AM EDT 'Yes, there is definitely a higher level of engagement from VMware customers . "The truth is Broadcom is not a semiconductor company. In California for context. https://www.businessinsider.com/broadcom-acquisition-vmware-employees-layoffs-culture-clash-2022-6. Would being at a company for only a year make me look like a job hopper? VMware said in a statement that it was "too early to make assumptions about the outcome of the unsolicited acquisition proposal by Broadcom. What type of employees of Broadcom were affected? "We're concerned about a culture clash between their company and ours," an employee said. How much do you love Broadcom? if you didwake the fu-k up.pay attention, Wouldn't want to generalize, maybe this is the ideal company for someone. Questions like; how they will align staff grades when many CS came in Staff, and in TAM staff is hard to Messages relating to layoffs at Broadcom Corp. are presented below the company info. If the deal closes, VMware would provide Broadcom a steady revenue stream from its virtualization software business that includes server, storage and networking virtualization and Virtual Desktop Infrastructure (VDI) technology. Most hardware companies in our coverage have indicated weak enterprise spending. Co-workers and knowledgeable and friendly. Any tips from experts ? As VMware prepares for a takeover by Broadcom, employees say they're uncertain about their future. The new company offers great compensation, but it's not a leadership role, and there's more pressure to perform. VMware employees are leaving the firm in droves after Broadcom announced its plans to buy the firm. readmore, https://www.bloomberg.com/news/articles/2022-07-11/broadcom-president-tom-krause-leaves-chipmaker-for-another-role. Looking forward to work doesn't happen often. What happened to the Set Top Box division? Some of you are so afraid of being laid off when we join Broadcom that you are gifting dozens of hours each week to the company in hopes of standing out. Broadcom Layoffs 2022 post regarding Broadcom Corp. layoffs, VMware Employees Worry About Layoffs and Culture Clash , Chipmaker Broadcom to cut 1900 jobs following Avagos $37B , Broadcom Job Security & Advancement reviews Indeed, Broadcom Preps For Massive CA Technologies Layoffs: Report, VMware Employees Ask Why Should I Stay? Amid Broadcom , Some VMware employees are worried about the companys , Latest Broadcom Layoffs in USA 6figr.com, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Both Meta and Twitter laid off significant portions of their workforces last year. However, CEO Lisa Su was optimistic when speaking about the business late last year at Fortune's Most Powerful Women Summit, saying she feels "wonderful" about the industry's future. The one-click checkout startup laid off more than 25% of its employees this week, about 240 workers in total; . Then, I learned more about what Broadcom's history was like with their software purchases. The layoffs were on the heels of , https://www.glassdoor.com/FAQ/VMware-Question-FAQ200049-E12830.htm. readmore, https://www.telecomtv.com/content/digital-platforms-services/regulatory-opposition-to-the-broadcom-vmware-merger-grows-in-the-uk-europe-the-us-and-even-in-china-47318/amp/, https://www.theregister.com/2023/04/24/cma_broadcom_vmware_stage_2/, https://seekingalpha.com/news/3958788-vmwarebroadcom-deal-spread-widens-amid-notice-of-ftc-closed-door-meetings. The crush of layoffs in the first few weeks of 2023 followed a brutal year for the tech industry in 2022. News Companies With the shocking departure of Broadcom software . CDWs bombshell announcement this week that it expects first fiscal quarter results below expectations and the apparent layoff of hundreds of its employees is a sign that moderated technology demand since the height of the pandemic is more than just a one-quarter strain for hardware, software and services businesses. readmore, I love it. And that's really helped us grow as much as we have.". Its all based on territory realignment now that CB is its own BU and Mullaney came out of retirement in 2019 after he witnessed the explosion of cloud demand from enterprise to become president and CEO of Aviatrix. CDW, with 15,100 . Being laid off would not be "From a cyber perspective, the demand is there," he added. The chipmaker Broadcom said it would buy the software giant VMware in a deal valued at $61 billion. [Related: VMware CEO: Sanjay Poonen To Take Cohesity To New Heights]. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. A sign outside one of VMware's Palo Alto offices. Does anyone feel this is very rushed when the local management can't even explain the changes or how the new organisation will be structured? Raghu Raghuram, the CEO of VMware. Around 50% was part of Talent Acquisition. Everyone had their own take on it, but I think most people were scared. Yes, there is definitely a higher level of engagement from VMware customers as a result of whats going on out there, and theyre more open to discussions with us, says Nutanix CEO Rajiv Ramaswami. Sign up for notifications from Insider! I was lucky enough to get some immediate offers, and VMware supported that. In May, computer chip maker Broadcom announced it would acquire software company VMWare for $61 billion. Broadcom reportedly laid off last on November 7, 2018. Crowdstrike is another cybersecurity company that has so far avoided layoffs. We expect [this] to result in estimated annualized expense reduction of approximately $55 million to $60 million.. Do you work at VMware or Broadcom and have an insight to share? and facilities, which could indicate potential layoffs ahead. In a more practical sense, too, it won't be clear until the deal closes how Broadcom plans to trim or reorganize VMware's product lines. Wow, now we're seeing where some savings are coming from. Contact reporter Rosalie Chan via email at rmchan@insider.com, Signal at 646.376.6106, or Telegram at @rosaliechan. Three of VMware's general managers in the critical areas of cloud infrastructure, networking and security, and applications and management, are departing the company as Broadcom's . Stay up to date with what you want to know. No sooner had the deal been announced than the specter of layoffs began to loom over VMware, which had some 33,000 employees at the end of 2020. Jun 2, 2022 signed a deal to be acquired for $61 billion by chipmaker Broadcom . Read the latest insights, reviews, and recommendations about Broadcom Layoffs from 5M+ verified employees at top companies. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. MoonPay is a fintech company that provides technology that allows users to buy and sell cryptocurrencies. ", "Following the closing of the transaction, Broadcom Software Group will operate and rebrand as VMware, incorporating Broadcom's existing infrastructure and security software solutions as part of the VMware portfolio," the statement continued. https://www.glassdoor.com/Reviews/Broadcom-Reviews-E6926_P2.htm, No information is available for this page. "They only care about shareholder value, and they're not going to continue the programs that VMware employees are used to, the things we value," the employee said of Broadcom. After Microsoft Corp.'s $68.7 billion takeover of video game producer Activision Blizzard Inc., this is the second-largest deal in 2022 globally. "From now until then, it almost makes work semimeaningless or difficult because we don't know if our product will continue after six months," one VMware employee said. We believe that the companys increasing success in areas that are outside but supplement client devices (including software, services, and security) is driving growth and profitability., The Credit Suisse report said, We think updated guidance will fairly de-risk 2023 estimates and continue to believe CDWs strong execution and customer relationships warrant a premium, although CDWs stock should be weak until signs of improving end demand.. There were sleepless nights and a lot of thought behind finally making the decision to leave. readmore. 4000 CB impacted. On top of layoff worries, workers fear they'll lose remote-work benefits and the company's . Will Hock wack people to pay for his VMWare buy? 1? How to tell manager to let me coast until layoffs happen and then layoff me. Customer and employee fears have started to come true. Yet the talent at VMware has started to leave the company because of uncertainty around the deal's influence and hints from Broadcom's CEO about ending remote work. MoonPay is one of the few major players in the crypto space that hasn't announced major layoffs in recent months amid the collapsing price of cryptocurrencies and the fallout from FTX's bankruptcy. [RELATED: Sad Day: CDW Layoffs Hit Hundreds After Economic Uncertainty Warning], A Wednesday report from Bank of America noted that this is the first year of y/y revenue decline since the company went public in 2013., We think the company will face headwinds over the next several quarters as Enterprise IT spend remains uncertain, according to the report. The company was the first commercially successful company to virtualize the x86 architecture. In addition, Broadcom will assume $8 billion of . This. I personally enjoy my job and I am paid well for it. Many people on social media have celebrated Tim Cook for asking for a 40% pay cut for 2023 while avoiding layoffs at Apple. Here are some tech firms that have avoided recent layoff announcements: Nvidia makes computer chips for video games, crypto mining, and desktop computers. 2023-05-01 14:45 HKT. At the end of June, three months after joining the company, I decided to make a move and leave. Over the past several years at Aviatrix, he has doubled sales each year, won over 65 net new Fortune 500 customers, and expanded the companys employee base to over 500 people. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. Never seen this many jobs posted in last few days. The companies have little overlap, and with its massive price tag, the acquisition would rank among the highest ever in tech. And members of top leadership have followed those workers out the door. It was co-founded by Dorsey and Jim McKelvey in 2009. In combining VMware with Broadcom Software Group, we are adding a high-quality company with best-in-class technology and talent, as well as a promising roadmap. Jun 2, 2022 VMwares 35000 employees demanded to know why they should stay at the and facilities, which could indicate potential layoffs ahead. The technology directly programs native cloud constructs to maintain the simplicity and automation unique to each cloud provider, including for Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, Oracle Cloud and Alibaba Cloud. Zane must be so confident merge goes through, https://www.wsj.com/articles/federal-trade-commission-illumina-grail-acquisition-lina-khan-ftc-antitrust-fd482b11 I don't understand why. New Delhi: Broadcom, a manufacturer of computer chips and software, has agreed to pay $61 billion to acquire VMware Inc, a cloud computing business. Initially, I was excited. Were seeing more talent out there, from VMware, looking for new career opportunities, said Rajiv Ramaswami, CEO of Nutanix, during the companys fourth-quarter earnings call with media and analysts. Cloudflare CEO Matthew Prince recently told Insider that the company is well-prepared for an upcoming recession and that he's actually "kind of excited" about it. . In recent weeks, big tech companies have announced they would lay off eye-popping numbers of workers: Google laid off 12,000, Microsoft 10,000, and Amazon 18,000. Can I Be Laid Off While On Workers Compensation? In a filing lodged last Friday, the virtualization giant revealed it and Broadcom had "each delivered to the other a mutual notice to extend to a date that is twelve months following the date of the Merger Agreement, which is May 26, 2023." With the addition of VMware, Broadcom's combined enterprise software business would make up nearly half - 49% -- of Broadcom's $40 million in annual revenue. Jun 10, 2022 Employees found news of the deal with Broadcom shocking since VMware spun out of Dell as an independent company only last year. Theyre going to slash people.. Broadcom, a low-level company in the US peninsula, also known as Broadcom, announced the acquisition of VMWare, a well-known virtualization and private cloud company, for $61 billion. "If we hired at that pace, we'd be doing layoffs, too," Prince said. According to the tech layoff tracker layoffs.fyi and Insider's own calculations, more than 65,000 tech workers have been cut from their jobs since January 1. Steve Mullaney On VMware-Broadcom, On-Premises Vs Cloud And Aviatrix Growth. A lot of the general managers of business units at VMware proudly list their education background. But VMware customers say Broadcom ownership may hurt innovation and cause an employee exodus. Record inflation yet barely enough to cover gas increases. seeing a lot of social media posts about hock, broadcom software, innovation and great place to work. From the get-go, Broadcom's plan to buy VMware seemed far-fetched. Any Broadcom layoffs? Since the Broadcom deal was announced, VMware employees have reported "aggressive" recruiter outreach from giants like Amazon Web Services, Google, and IBM. Most managers https://www.thelayoff.com/vmware?sort=active. Many want to get started on the job hunt early, as layoffs and hiring freezes in the industry have exacerbated employee concerns about making the jump to another company. Today VMware stockholders voted to approve the proposed acquisition of VMware by Broadcom, Inc. The recession is only accelerating people going into cloud. The tech space has been seeing a spree of layoffs across many organizations; take, for example, the massive layoffs over at Twitter and Lyft.. "We have lots of things in front of us, and that's what we're always thinking about," Su said. Not us! And we all know the C level and Sr VP level are taken care of (accelerate RSU vest, change of control cash, and the big RSU dump them gave themselves a month Its going down and supply chain issues are only accelerating people going into the cloud. I don't think that the experience at Broadcom on my CV is anything special that would set me apart from other candidates, but I also don't think that it is a stain on my resume as some say. As part of the blockbuster merger, IBM pledged to respect Red Hat's neutrality. Today, stock is up above $125. CRN has reached out to CDW for comment. Prince said his cloud and cybersecurity company recognized the signs of a slowing economy and slowed hiring quicker than some larger tech companies like Amazon, Meta, and Microsoft. Employees told Insider they were most worried about layoffs since Broadcom would likely cut costs. Some employees said the takeover bid from Broadcom was shocking, especially since VMware spun off from Dell only last year. 4 on CRNs 2022 Solution Provider 500 list has cut workers who were with the company for more than 10 years and multiple employees involved with Digital Velocity and Microsoft Azure, according to a review of posts on LinkedIn. It was a gut-wrenching, but I knew it was the best decision. The Lincolnshire, Ill.-based CDW No. The cloud provider had given me a better offer financially, but I chose VMware because it offered me a dream job. "We're really proud of the fact that this is our first billion-dollar revenue run rate quarter, so we can now say that we've crossed that billion revenue threshold, which is super exciting," Levie told TechCrunch in December. Stay up to date with what you want to know. While the deal has yet to close, it's already causing chaos for some employees and insiders in the VMware ecosystem. It appears that it may follow the same playbook at VMware: In late May, Broadcom leadership said at a town-hall meeting that under its watch, VMware would become "lean and flat," an employee present at the meeting said. From a personal perspective, I loved the team I worked with. As VMware prepares for a takeover by Broadcom, employees say they're uncertain about their future. Next. If you are on a family plan bend over. Employees at the software giant VMware are facing a number of uncertainties following the news that the chipmaker Broadcom plans to acquire it for $61 billion. Heres what else you need to know about the layoffs. 122 answers 30% , Performance is not linked to your layoffs , its the politics in the team Read what VMware employees think about career development at the company. Not voted best for profitability, product dominance, or technological innovation. https://www.bizjournals.com/sanjose/news/2023/04/12/vmware-ceo-says-sale-on-track-to-broadcom-by-fall.html readmore. In May, the chip giant Broadcom announced it would acquire the software firm VMware for a whopping $61 billion. This article has been updated to remove HubSpot and LinkedIn after both companies announced mass layoffs. They wanted to change the things that brought me there. Just in: UK BLOCKS Microsoft - Activision deal, UK CMA gives Broadcom/VMware probe tight deadlines, Carbon Black laid off 40ish front line sales only, Is layoffs today in Carbon Black meaning Bcom is inching closer to closing the deal. CDW has cut employees who were with the company for more than 10 years and multiple employees involved with Digital Velocity and Microsoft Azure. Are there annual gatherings? Additional Information about the Transaction and Participants in the Solicitation: Broadcom Inc. ('Broadcom") intends to file with the SEC a Registration Statement on Form S-4 that will include a proxy statement of VMware, Inc. ("VMware") and that also constitutes a prospectus of Broadcom, as well as other relevant documents concerning the proposed transaction.

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