No sooner did Broadcom complete its $69 billion acquisition of VMware than the headaches have started. The company is laying off employees, it lost a top executive, and it may lose an awful lot of customers.
Layoffs are inevitable after an acquisition as companies deal with overlap and redundancy. But on top of that, VMware lost its No. 2 executive: Sumit Dhawan, president of the company since 2021, left the firm to become the new CEO of cybersecurity vendor Proofpoint.
