We have to make hard decisions - 10% of VMWare Employees

Patty sent the following email to VMWare employees earlier today. Greetings VMWare Family! Please allow me to introduce myself - I am Patty Gelsinger, the CEO of VMWare. My heart is heavy today as we move forward with a difficult decision to layoff 10% of our employees. I can assure you each of you is as valued and as precious to our organization as ever, and this was not a decision we took lightly. So why did we have to take this step? Unfortunately, it is all due to a fairytale. You see, our company was founded on the promise of unlimited growth and success, which is of course a fairytale. As the leader of this company, I take full responsibility for letting my team believe in this fairytale. We had to make budget cuts and bring our expenses back in line. I know this is hard to hear, but I want you all to know that I truly value each and every one of you. Together we will get through this trying time in our company's history. In closing, I want to remind our VMWare family that I take full accountability for this situation, despite what others may lead you to believe. Sincerely, Patty Gelsinger