(Bloomberg) — Broadcom Inc. plans to fire almost 1,300 VMware Inc. employees in California following the completion of a $61 billion acquisition that pushed the chipmaker deeper into the software industry.
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The cuts will begin Jan. 26 and affect some 1,267 positions, Broadcom said in a submission to the California Employment Development Department. The jobs are located at VMware’s Palo Alto headquarters, which will remain open.
The chipmaker is following its usual pattern of eliminating support roles to cut costs in the wake of takeovers. Chief Executive Officer Hock Tan has built one of the biggest companies in the semiconductor industry through a string of deals, which have increasingly focused on software.
Tan’s strategy, which has boosted profits and won him support from investors, is to identify companies that have strong market share but stunted growth…
