Block is a fintech company that owns Square, Cash App, and Tidal. The list of tech companies laying off workers keeps growing, including recent cuts from Google and Microsoft. Collectively, we will deliver even more innovation to customers, enabling them to thrive in this increasingly complex multi-cloud era.". It dealt with most employee scenarios. Raghu Raghuram, the CEO of VMware. So far, there have been no layoff announcements at Broadcom, though some employees at VMWare have left the company since the deal was announced. At one point in my job hunt, I was weighing two different offers. And we all know the C level and Sr VP level are taken care of (accelerate RSU vest, change of control cash, and the big RSU dump them gave themselves a month With this acquisition, Broadcom CEO Hock Tan has been very communicative . They wanted to change the things that brought me there. UPDATE : Broadcom Inc. and VMware, Inc. have announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately US$61 billion, based on the closing price of Broadcom common stock on May 25, 2022. Christine LeahyCDW's CEO, president and chairwomanreceived $11.1 million in total compensation in 2022, about 24 percent more than her total compensation the year prior. However, unlike prior acquisitions, the company . That's right. What does outside date of 26th May mean? Startup layoffs. Theyre going to fire 20,000 VMware people, predicts Mullaney. From a personal perspective, I loved the team I worked with. Emails were sent , https://www.crn.com/news/channel-programs/vmware-employees-ask-why-should-i-stay-amid-broadcom-takeover. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. [Related: Nutanixs New Portfolio Is Driving More Rapid Deal Closures]. readmore. Active threads re. Recruiters have taken advantage of employee uncertainty at VMware. Contact reporter Rosalie Chan via email at rmchan@insider.com, Signal at 646.376.6106, or Telegram at @rosaliechan. And as the companies seek to combine their efforts, they risk losing top employees as certain administration roles become duplicative in the information-technology, finance, legal, human-resources, and facilities departments. Clearly the market believes this merger is happening. The on-premises market is the Titanic going down, said Mullaney. This Harry Murphy/Sportsfile for Web Summit via Getty Images. Our execs will stop looking at early retirement, holiday homes and boats. In combining VMware with Broadcom Software Group, we are adding a high-quality company with best-in-class technology and talent, as well as a promising roadmap. Former VMware executive and now Aviatrix CEO Steve Mullaney believes massive employee layoffs are in store for VMware once Broadcom acquires the virtualization superstar for $61 billion. I ain't got time to do any proper research here, so context pls! VMware will be Broadcom's largest software move and continue the diversification of its revenue. Any chatter, news or rumors? For our customers and us, the very idea of Hock acquiring us has caused massive upheaval, and damage to our brand, and At Broadcom we prioritize accountability to our customers, our partners, our shareholders and each other," Tan wrote in a letter to employees earlier this month. Th ecompany serves four primary markets: wired infrastructure, wireless communications, enterprise storage, and industrial & others. While Cook may not have taken the cut to avoid job losses in a filing, the company said the decision was made to address shareholder concerns about Cook's high pay package it still won the company some goodwill. Employees at the software giant VMware are facing a number of uncertainties following the news that the chipmaker Broadcom plans to acquire it for $61 billion. The companies have little overlap, and with its massive price tag, the acquisition would rank among the highest ever in tech. How much do you love Broadcom? Broadcom wasn't on the schedule, and there were no signs of VMware's buyer at the event until Tan made a surprise appearance from the crowd during the day-two keynote. A recovery of PCs in F2H23 remains uncertain while demand for data center equipment could also weaken., An analyst with Morgan Stanley wrote in a Thursday report that the CDW news likely reflect[s] greater large SMB spending caution and deal downsizing/cancellations/pushouts.. Tech layoffs, AWS re:Invent or Broadcom's ongoing VMware acquisition efforts which do you think was No. Thank you, you royal bags of sh--e, for destroying billions in a deal that people actually want. Thereare intelligent people making these decisions, and Broadcom is a solid company with great financials. How to tell manager to let me coast until layoffs happen and then layoff me. I'm not too worried, to be honest. Despite a competing offer, this worker chose VMware because of the culture. Sat 1 Apr 2023 at 18:30. Is VMware a good company to be a sales engineer at? Then, I learned more about what Broadcom's history was like with their software purchases. Then be sure to watch for our top 20 stories of the year countdown coming later this month. It . Heres what else you need to know about the layoffs. Work at VMware quickly lost meaning for employees under the threat of Broadcom's impending acquisition. https://news.vmware.com/esg/intrinsically-evergreen-vmware-earth-day-2023 . https://www.businessinsider.com/broadcom-acquisition-vmware-employees-layoffs-culture-clash-2022-6. What is it like at Broadcom in the UK&I? Following the closing of the transaction, Broadcom Software Group will operate and rebrand as VMware, incorporating Broadcom's existing infrastructure and security software solutions as part of the VMware portfolio. Broadcom Inc. is a global infrastructure technology leader built on 50 years of innovation, collaboration and engineering excellence. When you're in the tech industry for 20-plus years, working in engineering and management roles, you see a lot of mergers and acquisitions, and typically they work out. What happened to the Set Top Box division? Three of VMware's general managers in the critical areas of cloud infrastructure, networking and security, and applications and management, are departing the company as Broadcom's . Long story short, it's been a cluster since joining. Anyone heard about it? There were sleepless nights and a lot of thought behind finally making the decision to leave. CEO: Red Hat Must 'Do Fewer Things Better'. Stand by. Since the Broadcom deal was announced, VMware employees have reported "aggressive" recruiter outreach from giants like Amazon Web Services, Google, and IBM. Questions like; how they will align staff grades when many CS came in Staff, and in TAM staff is hard to Goal setting with Don was a waste. Did managers already advise people of new equity in 2023.? Both Meta and Twitter laid off significant portions of their workforces last year. Has anyone's hard work really paid off here? I.e. Some VMware employees are worried about the company's future under Broadcom as they worry about layoffs, culture clashes and returning to the office. CRN breaks down the five biggest takeaways from Nutanixs fourth-quarter earnings report. How long did it take you to realize that Apple CEO Tim Cook has avoided a massive layoff. And that's really helped us grow as much as we have.". Hi all, $AVGO? Today VMware stockholders voted to approve the proposed acquisition of VMware by Broadcom, Inc. Left MF earlier this year and wondering if they near maxed again, Cash from operations of $4,583 million for the fourth quarter, less capital expenditures of $122 million, resulted in $4,461 million of free cash flow, or 50 percent of revenue A sign outside one of VMware's Palo Alto offices. It is avery strong rumor now that BCM will exit the TV STB SoC space - no more Broadcom after 2024. The acquisition is said to have been made quietly without the employees' knowledge. 4 on CRNs 2022 Solution Provider 500 list has cut workers who were with the company for more than 10 years and multiple employees involved with Digital Velocity and Microsoft Azure, according to a review of posts on LinkedIn. We like accepting less. Overall, we expect Broadcom to integrate its direct sales force with VMware and indicated potential layoffs across multiple business functions. Seriously Raghu, did Hock make you say that? readmore, The Broadcom VMware merger has many of the same characteristics. Insider took a deep dive into the frustrations bubbling up in the VMware ecosystem amid the buyout. June 02, 2022, 11:39 AM EDT. Some VMware partners did, however, leave the conference feeling more optimistic about the deal. Attendees showed up with the looming deal top of mind, hoping to get some answers. Some VMware employees are worried about the companys future under Broadcom as they worry about layoffs, culture clashes and returning to the office. [RELATED: Sad Day: CDW Layoffs Hit Hundreds After Economic Uncertainty Warning], A Wednesday report from Bank of America noted that this is the first year of y/y revenue decline since the company went public in 2013., We think the company will face headwinds over the next several quarters as Enterprise IT spend remains uncertain, according to the report. The problem for these channel partners is: youre going get caught, he said. https://www.bizjournals.com/sanjose/news/2021/02/25/vmware-layoffs-2021.html, Feb 25, 2021 Last year, VMware laid off at least 359 employees who were either based at its Palo Alto headquarters or worked remotely but reported there. ", "Following the closing of the transaction, Broadcom Software Group will operate and rebrand as VMware, incorporating Broadcom's existing infrastructure and security software solutions as part of the VMware portfolio," the statement continued. "The internal dialogue was that we were going to go back to our former glory as an independent company," one employee said. At VMware 12% of employees regularly feel insecure. I just stopped trying a long time ago. Palo Alto Networks has yet to be hit by the layoff wave that has affected many of its competitors in the cybersecurity and cloud space. Some VMware employees are worried about the company's future under Broadcom as they worry about layoffs, culture clashes and returning to the office. Anyone else have zero bonus conversations? Customers told Insider they feared innovation would be stifled under the chip giant and that top talent would leave the firms. Crowdstrike is another cybersecurity company that has so far avoided layoffs. The Lincolnshire, Ill.-based CDW No. They told Insider about their plans to use the buyout to get closer to VMware customers. "What does the next five years bring? According to the tech layoff tracker layoffs.fyi and Insider's own calculations, more than 65,000 tech workers have been cut from their jobs since January 1. It has also invested in artificial intelligence. Since I know many people who are just burned out and nothing more, I wonder why He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. https://www.glassdoor.com/Reviews/Broadcom-Reviews-E6926_P2.htm, No information is available for this page. And for me, it happened for the most part at VMware. https://www.fiercewireless.com/wireless/chipmaker-broadcom-to-cut-1-900-jobs-following-avago-s-37b-acquisition, Broadcom said it will slash 1,900 jobs around the world in the wake of its $37 billion acquisition by Avago Technologies. As VMware prepares for a takeover by Broadcom, employees say they're uncertain about their future. I know what theyre going do. Wednesday reports from William Blair and Credit Suisse, however, were more optimistic. News Companies readmore. VMware deals started to slow as workers began seeking refuge at different companies. allows file annotations Yet the talent at VMware has started to leave the company because of uncertainty around the deal's influence and hints from Broadcom's CEO about ending remote work. The cloud provider had given me a better offer financially, but I chose VMware because it offered me a dream job. I keep getting rejected. In fact, when we see a downturn in the economy, when you see some of these layoffs, it's an area that's of great exposure to many companies, and it's a time when adversaries continue their relentless attacks," CEO George Kurtz said recently on CNBC. The only thing I feel bad about is that I think this company can be No sooner had the deal been announced than the specter of layoffs began to loom over VMware, which had some 33,000 employees at the end of 2020. It was an opportunity to work in a leadership role and VMware had a better culture from what I had seen. About Broadcom Corp.: Broadcom Inc. (old name: Avago Technologies) is a maker of products based on analog and digital semiconductor technologies. Nutanix reported $756 million in ACV billings for its entire fiscal year 2022, up 27 percent year over year. How are the bonus attainments for the different BUs? readmore. Stay up to date with what you want to know. It's the increasing number of layoffs and companies that do business in the channel. Mainframe Software Division on Performance Plan, Corporate bond market will ki-l Broadcom and any future, More hostage videos appearing as acquisition gets closer. Some employees, at least, aren't so sure, citing perceived differences between VMware's more flexible corporate culture and Broadcom's more buttoned-up approach to business. It won't matter. poseur want switch company to use VMWare is a subsidiary of Dell Technologies. Record inflation yet barely enough to cover gas increases. Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing, VMware CEO: Sanjay Poonen To Take Cohesity To New Heights, Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform. "I think the general approach from management is, 'There's a lot we don't know. did things get better since i left in 2021? Tom Gillis. I personally enjoy my job and I am paid well for it. The company recently hired Time president Keith Grossman as president of enterprise. The software giant in Palo Alto has had a tumultuous few years, with former CEO Pat Gelsinger departing for Intel amid other executive changes. Not voted best for profitability, product dominance, or technological innovation. CRN has reached out to CDW for comment. From Intel and Oracle on the traditional IT side of the channel to 88 on the telco agent side, it seems no one was immune to a pink slip. Messages relating to layoffs at VMware are presented below the company info. Read the latest insights, reviews, and recommendations about Broadcom Layoffs from 5M+ verified employees at top companies. I could join a large cloud provider or VMware, a $47 billion software firm. Former VMware executive and now Aviatrix CEO Steve Mullaney believes massive employee layoffs are in store for VMware once Broadcom acquires the virtualization superstar for $61 billion. Amid all of this, the company's leadership is urging employees to be patient and see what happens a message that's resonated with at least some employees, who want to see what happens before they decide to make a move. https://www.teamblind.com/browse/Broadcom-Layoffs-74142. fast network access CDW, with 15,100 employees, is slated to report its first fiscal quarter 2023 financial results on May 3. The list of companies laying off massive swaths of workers in recent months just keeps getting longer. CDWs bombshell announcement this week that it expects first fiscal quarter results below expectations and the apparent layoff of hundreds of its employees is a sign that moderated technology demand since the height of the pandemic is more than just a one-quarter strain for hardware, software and services businesses. We too share values like these. If the deal closes, VMware would provide Broadcom a steady revenue stream from its virtualization software business that includes server, storage and networking virtualization and Virtual Desktop Infrastructure (VDI) technology. Wade Tyler Millward is an associate editor covering cloud computing and the channel partner programs of Microsoft, IBM, Red Hat, Oracle, Salesforce, Citrix and other cloud vendors. Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. Many people on social media have celebrated Tim Cook for asking for a 40% pay cut for 2023 while avoiding layoffs at Apple. It doesn't line up with Broadcom's way of operating.". But churn tends to be high after a company gets acquired, and Broadcom has already made clear its plans to cut costs at VMware, which could mean layoffs. In addition, Broadcom will assume $8 billion of . And members of top leadership have followed those workers out the door. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. Competitors like AWS and Google are poaching from the firm more aggressively after the . Under the leadership of CEO Hock E. Tan, Broadcom has earned itself a reputation for buying up lots of companies and then aggressively cutting costs. In May, computer chip maker Broadcom announced it would acquire software company VMWare for $61 billion. But customers and employees alike say the deal is squandering VMware's success. It appears that it may follow the same playbook at VMware: In late May, Broadcom leadership said at a town-hall meeting that under its watch, VMware would become "lean and flat," an employee present at the meeting said. In an interview with CRN, Mullaney talks about Broadcoms acquisition of VMware, Aviatrixs cloud market differentiation and the current state of the on-premises IT market for vendors and channel partners. He was senior vice president and general manager for VMwares networking and security business until he retired in 2014. From the Broadcom side of things, how are you all perceiving the upcoming acquisition? CDW has a broad selection of vendors, and its scale drives favorable terms and allows the company to take inventory positions through its distribution facilities. Being laid off would not be Most, if not all of Mainframe is on a performance plan. But VMware customers say Broadcom ownership may hurt innovation and cause an employee exodus. Here's why. Sign up for notifications from Insider! What type of employees of Broadcom were affected? VMware has experienced turnover this year in departments like marketing, cyber strategy, and engineering. We made the difficult decision to reduce our head count by letting go of approximately 270 employees, about 4 percent of our total head count, said Nutanix CFO Rukmini Sivaraman. In a filing lodged last Friday, the virtualization giant revealed it and Broadcom had "each delivered to the other a mutual notice to extend to a date that is twelve months following the date of the Merger Agreement, which is May 26, 2023." This new role will be a great one, and it might be a stepping stone to another role within the company. While COVID-19 and chip shortages have disrupted global supply chains, similar to past periods of supply constraints, we believe that CDW management remains a strong executor and the company is well positioned to capture market share., The report continued to say CDW has a well-diversified revenue base across several end-markets, which decreases the companys risk profile. Tan, the Broadcom CEO, has tried to assuage some of those concerns, pushing the idea that the two companies will be stronger together. Funny you ask because I had none. Chipmaker AMD hit a roadblock when new export restrictions put in place by the Biden administration meant that companies like AMD couldn't sell equipment to China. "We have lots of things in front of us, and that's what we're always thinking about," Su said. In January, Amazon also said it would lay off 18,000 employees. Jun 9, 2022 Employees of software giant VMware are facing a lot of uncertainty As soon as the deal was announced, layoffs were haunting VMware , , https://www.crn.com/news/channel-programs/vmware-employees-ask-why-should-i-stay-amid-broadcom-takeover. VMware asks: On Earth Day, What Is Enough? Are former employees blacklisted or not? And for VMware employees, the company's focus on diversity, equity, and inclusion has been a point of pride. A big event happened two days ago. Access your favorite topics in a personalized feed while you're on the go. How will this effect us? "From now until then, it almost makes work semimeaningless or difficult because we don't know if our product will continue after six months," one VMware employee said. He can be reached at mharanas@thechannelcompany.com. However, not all tech companies have announced layoffs. When this whole In terms of free cash flow, Nutanix generated free cash flow of $18.5 million in fiscal year 2022, compared with having negative $158 million cash flow in fiscal year 2021. However, Amazon's newest 9,000 layoff round . The layoffs were on the heels of , https://www.glassdoor.com/FAQ/VMware-Question-FAQ200049-E12830.htm. It was co-founded by Dorsey and Jim McKelvey in 2009. Has anyone had any trouble applying for other jobs? VMware Layoffs TheLayoff.com, MUST READ post regarding VMware layoffs TheLayoff.com, VMware Employees Worry About Layoffs and Culture Clash , Some VMware employees are worried about the companys , VMware Employees Ask Why Should I Stay? Amid Broadcom , VMware lays off some employees as part of workforce , What is the feeling of job security at VMware? We urge investors to . If VMware and Broadcom were to get too close too soon, it would likely violate a litany of laws, including antitrust. Here's why they chose to leave and what it taught them, as told to reporter Jacob Robbins. https://www.crn.com/news/channel-programs/broadcom-preps-for-massive-ca-technologies-layoffs-report, Nov 9, 2018 According to internal documents that Newsday obtained, Broadcom will lay off almost 2,000 of its 4,837 U.S.-based CA employees. At the end of June, three months after joining the company, I decided to make a move and leave. Meanwhile, VMware customers are starting to feel the ripple effects. Nor is it a software company. I loved the manager I worked with, and I loved the role I was in. While the deal has yet to close, it's already causing chaos for some employees and insiders in the VMware ecosystem. They were also concerned about losing remote work benefits and VMware's focus on DEI efforts. CDW, with 15,100 . MoonPay is a fintech company that provides technology that allows users to buy and sell cryptocurrencies. As part of the blockbuster merger, IBM pledged to respect Red Hat's neutrality. "That's extremely important to me. The vote took place at a special meeting of stockholders this morning. Isnt it presumptuous of Broadcom to assume that regulators will bend to its will and finish all their investigations on Broadcoms timetable? Yesterday "EU says Broadcom's proposed VMware deal could restrict competition" The role was a dream job, but they left ten days after the $61 billion Broadcom deal was announced. seeing a lot of social media posts about hock, broadcom software, innovation and great place to work. 4000 CB impacted. I was lucky enough to get some immediate offers, and VMware supported that. readmore. readmore, imagine company use product have this details: Jun 2, 2022 VMwares 35000 employees demanded to know why they should stay at the and facilities, which could indicate potential layoffs ahead. What are your experiences like? Some employees said the takeover bid from Broadcom was shocking, especially since VMware spun off from Dell only last year. And, 18% have stated they once took a pay cut . "From a cyber perspective, the demand is there," he added. Jun 10, 2022 Employees found news of the deal with Broadcom shocking since VMware spun out of Dell as an independent company only last year. Quarterly common stock dividend increased by 12 percent to $4.60 I assume that most of you are looking for new opportunities because working here is getting worse and worse. New Delhi: Broadcom, a manufacturer of computer chips and software, has agreed to pay $61 billion to acquire VMware Inc, a cloud computing business. 1? How else are they going to get that profitability Broadcom wants? Co-workers and knowledgeable and friendly. The one-click checkout startup laid off more than 25% of its employees this week, about 240 workers in total; . Would being at a company for only a year make me look like a job hopper? Were seeing more talent out there, from VMware, looking for new career opportunities, said Rajiv Ramaswami, CEO of Nutanix, during the companys fourth-quarter earnings call with media and analysts. I don't think that the experience at Broadcom on my CV is anything special that would set me apart from other candidates, but I also don't think that it is a stain on my resume as some say. Actually, I'm paid above the industry standard, which is not People familiar with the layoffs told CRN that between 3 percent and 5 percent of the company -- between 450 and 750 people -- were let go. July 12, 2022, 10:35 AM EDT. After Microsoft Corp.'s $68.7 billion takeover of video game producer Activision Blizzard Inc., this is the second-largest deal in 2022 globally. Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing, Sad Day: CDW Layoffs Hit Hundreds After Economic Uncertainty Warning. "I know VMware is very employee-centric, which is why a lot of people work there. And in an investor presentation, Broadcom said it would be "eliminating duplicative general and administrative functions" at VMware to increase profitability. if you didwake the fu-k up.pay attention, Wouldn't want to generalize, maybe this is the ideal company for someone. but you need to fill big boy pants to run a top software company. Alright guys, no innuendos and metaphors pls: who tf walked into a wall? Santa Clara, Calif.-based Aviatrix is a cloud networking provider delivering advanced cloud networking, network security, and operational visibility required by enterprises. hah! I have been at VMware for a year and am ready to move on. https://www.fiercetelecom.com/telecom/vmware-lays-off-employees-as-part-workforce-rebalancing, VMware has confirmed that the company has laid off some employees, but didnt say how many or from what areas of its business. Any tips from experts ? And the Broadcom executive team voiced concerns around culture and working from home at VMware. Both white collar & factor workers were affected. Mullaneys career spans three decades in the IT industry, including roles such as Niciras CEO, interim CEO of Palo Alto Networks, as well as vice president of marketing for both Blue Coat Systems and Force10 Networks. Let's see if the numbers are up to par with Tan's expectations or if there'll be cuts to make sure they get where he wants them to be. Combining our assets and talented team with Broadcom's existing enterprise software portfolio, all housed under the VMware brand, will create a remarkable enterprise software player, with a continued focus on technology innovation. Taiwan Semiconductor Manufacturing Co. Ltd. Can I get a job at Broadcom if I was laid off from VMware? With the addition of VMware, Broadcom's combined enterprise software business would make up nearly half - 49% -- of Broadcom's $40 million in annual revenue. Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. So much so, that no fewer than five stories about job cuts cracked this month's countdown. 2023-05-01 14:45 HKT. Dont know how someone got 4,000 employees, but for the Carbon Black side of the house, it was around 40 sales managers that were given 2 months notice or offered a package. In a more practical sense, too, it won't be clear until the deal closes how Broadcom plans to trim or reorganize VMware's product lines. Never seen this many jobs posted in last few days. "We're concerned about a culture clash between their company and ours," an employee said. With the shocking departure of Broadcom software . Many want to get started on the job hunt early, as layoffs and hiring freezes in the industry have exacerbated employee concerns about making the jump to another company. On top of layoff worries, workers fear they'll lose remote-work benefits and the company's focus on inclusion. Thoughts? https://www.techspot.com/news/95573-what-has-broadcom-become.html The Layoff discussion User says: For VMWare Employees MUST READ You will not be offered job with Broadcom and will be laid off on day 1, , https://www.teamblind.com/browse/VMware-Layoffs-74514. Zane must be so confident merge goes through, https://www.wsj.com/articles/federal-trade-commission-illumina-grail-acquisition-lina-khan-ftc-antitrust-fd482b11 readmore, I'm quite saddened to hear some people from VMW who wouldn't want to work here at all. Are there annual gatherings? https://www.comparably.com/companies/vmware/layoffs, At VMware , there could be warning signs of potential layoffs . Mullaney was the CEO of software-defined networking pioneer Nicira, which was acquired by VMware in 2012 for $1.3 billion. Initially, I was excited. Except CIBG. But I wasn't in a position to wait and see if Broadcom would retain my role. It is a private equity fund, maximizing cash flow from an endless series of acquisitions. " Please spill the beans if you have any insights. Despite a slowing economy, Box is doing better than ever. Aside from the financial results, executives spokeabout Nutanixs recent layoffs and potential employee cuts ahead, competition with VMware as well as full-year financial guidance for its current fiscal year 2023. Over the past several years at Aviatrix, he has doubled sales each year, won over 65 net new Fortune 500 customers, and expanded the companys employee base to over 500 people.
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