Despite layoffs, VMware has a big bet on this one cloud innovation

These are turbulent times for the venerable virtualization company VMware.
In an earnings call this week CEO Pat Gelsinger admitted that last year was a “challenging time” for VMware investors. The company’s core compute virtualization products are “reaching maturity” and will be a decreasing portion of the company’s future business, he says.
VMware announced 800 layoffs this week and that its CFO has left the company. A planned merger by its parent company E