$1.65 trillion chip giant Broadcom cuts staff in units like sales and accounts

Group 1 - Broadcom has cut staff primarily in sales, customer success, account management, and solutions, although the exact number of roles affected remains unclear [1] - The company has been implementing rolling cuts, including significant reductions at VMware, which has seen its workforce reduced by approximately 50% since its acquisition [2] - Broadcom has capitalized on the AI boom by designing chips for AI technology and recently secured a strategic agreement with OpenAI for 10 gigawatts of custom AI accelerators [3] Group 2 - Broadcom's market capitalization reached $1 trillion for the first time late last year, indicating strong growth and investor confidence [3] - The company has been increasing prices on VMware's products following the acquisition, reflecting a strategy to enhance revenue from its software segment [2]