Ying Tang/NurPhoto via Getty Images
- Broadcom cut staff in sales and account management roles this week, according to LinkedIn posts.
- The layoffs follow Broadcom’s 2023 acquisition of VMware, which saw its workforce halved.
- Broadcom has benefited from the AI boom by designing chips to power the technology.
The $1.65 trillion chip giant Broadcom cut staff earlier this week.
The cuts on Thursday affected staff largely in sales, as well as customer success, account management, and solutions, according to LinkedIn posts and a person familiar with the matter.
It’s unclear how many roles were affected.
Broadcom has been making rolling cuts at the company, including at software firm VMware, which it acquired in late 2023. VMware’s workforce has been slashed by roughly in half, Business Insider reported earlier this year. Broadcom has also been increasing prices on VMware’s products.
Broadcom has benefited from the AI boom by designing chips to power the technology. It first reached a trillion-dollar market cap late last year. On Monday, it inked a strategic agreement with OpenAI for 10 gigawatts of custom AI accelerators.
Broadcom did not respond to a request for comment.
Have a tip? Contact this reporter via email at [email protected], or Signal at rosal.13. Use a personal email address, a nonwork WiFi network, and a nonwork device; here’s our guide to sharing information securely.
Read the original article on Business Insider
The post $1.65 trillion chip giant Broadcom cuts staff in units like sales and accounts appeared first on Business Insider.
