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No $ for R&D, but shares prosperity with employees

Engineer
Former Employee
Worked at Broadcom for 9 years
October 7, 2018
2.0
Doesn't Recommend
Pros

Broadcom gives excellent bonuses now, but not when I was there. I have heard numbers like 35% of salary!

Cons

Hock Tan does not believe in funding R&D projects for pursuing new markets.

His approach is to purchase companies that have significant market share and profit, then cut most the staff and sustain the current product until it no longer makes enough of a profit to warrant keeping it.

All-hands meetings changed from topics like new products and roadmaps to topics like gross margin and whether your business group was above or below the line of doom of profitability. If your business group is below the 50% margin line, good luck.

Way too few people are doing way too much work. No IT support and cut tool expenses to the bone.

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