Broadcom Closes $69 Billion Acquisition of VMware, Begins Major Restructuring

Significant job cuts and office closures underway, competitors eyeing VMware customers amidst concerns over price hikes and innovation slowdown.

Broadcom has closed its $69 billion acquisition of VMware, marking the end of an era for the pioneering virtualization technology company.
Employees and competitors see the acquisition as a significant change, with job cuts already underway and a shift in company culture expected.
Competitors, such as Nutanix, see the acquisition as an opportunity to win over VMware customers, who are concerned about potential price increases and a slowdown in innovation.
Broadcom is closing offices and making significant job cuts, with over 1,200 Bay Area employees impacted and an office in Boston being shut down.
Broadcom is enforcing a strict return-to-office policy, marking a significant shift from VMware's remote-friendly work culture.