kKR and Silver Lake (both private equity firms) created Avago.
Avago rolled up several companies including Broadcom and are 86% institution owned (Vanguard and Blackrock top 2)
Most of the layoff are marketing and sales as well as some engineering (it is a cut monthly cost and reap the revenue flow acquisition).
A slim chance of Avago/Broadcom utilizing its full enterprise SaaS hardware/software stack as I suspect it was just for "prospective show" in getting the acquisitee companies to be suckered in into the acquisition deal.