Broadcom to lay off 1,300 VMware employees following takeover
The chipmaker will also review strategic options for two business units of VMware, Insider had reported on Wednesday, citing a leaked email from CEO Hock Tan to employees.
Chipmaker Broadcom (AVGO.O) will lay off about 1,300 VMware employees in California following its acquisition of the cloud-computing firm, Bloomberg News reported on Thursday.
Broadcom did not immediately respond to a Reuters request for comment.
The chipmaker will also review strategic options for two business units of VMware, Insider had reported on Wednesday, citing a leaked email from CEO Hock Tan to employees.
Broadcom closed its $69 billion acquisition of VMware on Nov. 22 after receiving regulatory approval from China.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Top 10 Mid-cap Stocks to Invest: Motilal Oswal picks Indian Hotels, Godrej Properties, and more; know target price
Atal Pension Yojana EPFO National Pension System SWP Retirement Planning schemes provide pension every month
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
01:39 PM IST