Did Broadcom issue a new offer letter for symantec and CA employees when acquired Was the offer the same or revised, how much % change if revised How much time did broadcom wait after acquisition to start laying off the employees Yoe 7 TC 42 lacs(India) #vmware #broadcom #symantec #symanteclayoffs #catechnologies #layoffs #acquisition
New offer letter, yes. Offer was roughly the same as existing compensation.
Thank you
Yes. We were given an equity letter. Pay was the same, there won’t be any raises. If you’re overpaid (by Broadcom’s interpretations) your RSU could be less to level out your inflated base salary.
I heard some employees got significantly better TC upon acquisition
Possible. At the very least your TC will be matched. Broadcom’s base salaries aren’t high. And if Broadcom feels that you aren’t worth your current base, as it’s over inflated, your RSUs will be lowered to even your worth out.
Yes, offer letter was shared. Same compensation on most cases. Acquisition was announced in July. People were let go around December. Whoever did not get an offer letter got a severance payment, usually the sum was according to local labor law plus 4-6 base salaries depending on level and location.
Thanks, Any idea when was offer letter shared.. that would be a good indicator
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