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Broadcom to lay off Bellevue workers after $69B VMware acquisition


Broadcom
Broadcom disclosed the local layoffs with the state of Washington on Monday.
J. Jennings Moss | Silicon Valley Business Journal

Broadcom Inc. (Nasdaq: AVGO), a semiconductor company headquartered in San Jose, California, is laying off 158 workers in Bellevue.

Broadcom disclosed the layoffs in a Worker Adjustment and Retraining Notification (WARN) submitted to the state of Washington Monday. According to the WARN, the layoffs will start Jan. 26.

Broadcom didn't respond to a request for more information.

The layoffs were disclosed less than a week after Broadcom closed its $69 billion acquisition of Palo Alto, California-based app and cloud company VMware. The companies first announced the acquisition plans in May 2022.

Though Broadcom's website does not list offices in the Puget Sound area, VMware has space in Bellevue.

According to Business Insider, some VMware employees on Monday learned they were being let go following the acquisition. Business Insider noted VMware had over 38,000 employees as of February, and the company laid off employees even before the deal closed.

VMware, founded in 1998, offers products and services in cloud management, cloud infrastructure, security and networking. The company went public on the New York Stock Exchange in 2007.

Last year, the company downsized its physical footprint in the City Center Bellevue tower by over 30%, to 75,000 square feet.

"This does not mean we’re reducing our workforce in the region but rather optimizing space to suit their developing needs. VMware’s intent is to move to a more flexible workforce and develop office environments that promote collaboration and flexibility," a spokesperson said in a message to the Business Journal last year.

Shanis Windland, vice president of human resources at VMware, said in September 2021 the company had almost 1,000 employees in the Pacific Northwest, most of whom were based in the Seattle area.

Broadcom's semiconductors and software are aimed at the cloud, data center, networking, broadband and wireless industries. The company generated $8.9 billion in revenue during the fiscal third quarter, which Broadcom reported in August, up 5% year over year.


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