this post was submitted on 27 Nov 2023
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444
Broadcom lays off many VMware employees after closing its $69 billion acquisition of the company (www.businessinsider.com)
submitted 9 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 41 points 9 months ago (1 children)

I still fail to see how this benefitted anyone at either Broadcom or vmware

[โ€“] [email protected] 41 points 9 months ago

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.