this post was submitted on 27 Nov 2023
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Broadcom lays off many VMware employees after closing its $69 billion acquisition of the company (www.businessinsider.com)
submitted 1 year ago by silverbax to c/technology
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[–] plz1 41 points 1 year 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.