The business model of Avago Technologies is to purchase mature businesses and then drive them into the ground through extremely aggressive layoffs, R&D cuts, and project cuts.
The CEO has said himself that he does not care what we sell, he does not care about his employees, and he does not care about engineering. All he cares about is making the AVGO stock price go up. Avago does this by purchasing mature businesses and then running them 40-60% cheaper, effectively running them into the ground but turning massive operating profit.
How do you run a successful and established business 40-60% cheaper? You layoff half the work-force, you cut all projects, you cut benefits, and you put a "hold" on promotions and raises. My company LSI was purchased by Avago about a year ago now. I've been told that I have absolutely no opportunity to move up in the company and that I will not get a salary raise for the next 3-5 years. This is because I make significantly more money than other entry level engineers in Avago, so they need to "even me out".
I would not recommend working for Avago under any circumstance, especially if you're a new engineer like me. This is not a company that is established on cutting edge products, hard work, and good engineers. It is established on cannibalizing businesses and conglomerating them into one company to make the magic investing equation "1+1=3" work.
