The $1.65 trillion semiconductor giant Broadcom conducted layoffs this week, primarily affecting roles in sales, customer success, account management, and solutions. While the total number is unclear, a filing shows 247 positions were cut in California alone. These staff reductions are part of ongoing workforce adjustments following Broadcom's 2023 acquisition of VMware, which has seen VMware's workforce roughly halved. The company, which has benefited significantly from the AI chip boom and recently signed a major agreement with OpenAI, continues to streamline operations, particularly in its software units, amidst its strategic focus on high-growth areas like custom AI accelerators.
