More news yesterday on how banks are struggling to sell the debt issued for the Citrix transaction. The ominous comments around re-negotiating the debt terms with PE have been flashing bright. Lets see what happens next!
This management knows full well what they're doing
They are not incompetent as some might think. The thing here is that they don't care about Citrix and where it'll be in five to ten years. All they care about is how to make themselves as rich as possible as quickly as possible. That's what they've... — read more
November 15, 2022
12 weeks until the big day. Don’t fool yourself into thinking that it won’t be a massive cut. All levels. You, your boss, and your boss’s boss. Be nice to your co-workers, because you’ll need each other in the aftermath. May the force be with you. — read more
Manager influence
I understand those who want to be cut, but I would prefer to leave voluntarily at the moment that is best for me. I wonder how much real influence managers have on the decision whether someone will be cut or not?
TIBCO Update
We got a message from Dan Streetman, the TIBCO CEO, yesterday saying that he is leaving the company this week and he will join another Vista company. It is also mentioned that the transaction is expected to close by end of next month.
Looks like some bankers are busy this summer
https://archive.ph/3iLyQ
My worst working experience
Have any of you worked for a company that was worse than Citrix in any way? I haven't. Every aspect of working here is by far the worst I've experienced in my 17-year-long career. From politics to a highly toxic work environment to management that... — read more
did you all enjoy your mil sim team building
that sh-t was d-mb lol
best strategy to get laid off
I want to get laid off, do y'all think that telling my manager that I am going to leave anyway if I am not cut in the next round will help? My thought is that my boss might prefer to help get me cut than be forced to cut someone else who might... — read more
Can't wait for the cuts to start
I'm waiting for severance and that's it. The work I'm doing reflects that. I used to give it my all but after being ignored for a proper raise or a promotion for years, I decided to give back exactly as much as I'm given. Which is my bare minimum... — read more
What's going on with the sale?
Have things stalled or is it still happening?
It doesn't stop "XenServer on Azure"
Why?? This company keeps on trying to revive corpses to make VDI or (VDI in the Cloud) DaaS relevant again. Please stop its embarrassing.
Citrix ELT and Sales still think fairytales exists
It's funny and sad to see at the same time that Shitrix management and sales still think this dead horse can be sold and revived. They are massively dropping marketing bu-----t on social media and doing more usergroup events then ever. Hopefully... — read more
So disappointed
Most of all, I am disappointed in what this company has turned into, because I think that everything could have been much different if only the leadership had made better decisions. When I started working here, Citrix had huge potential. Where do... — read more
Layoffs are easy... Too bad our leadership is not intelligent enough to come up with something more innovative..
Title says it all.. Layoffs are easy... Too bad our leadership is not intelligent enough to come up with something more innovative.. This toilet has been in layoff mode since 2009. Layoffs are EASY, but it takes REAL brains and business acumen to... — read more
Word on the street... Msft ki----g all others with scorched earth pricing on AVD
Those of you still hanging around the Citrix DaaS / VDI fable, ask your fields in the field on how they are working on deals. Word on the street is that MSFT is looking to win all cloud related business and is driving pricing lower on AVD... — read more
Slightly more revenue, 10% less operating expense in the 10Q
Indicators of things to come in today's 10-Q: Revenue up slightly from subscriptions. R&D down ~10% from a year ago Sales and marketing down ~10% from a year ago These helped boost the eps. So imagine what more will be done to both areas. Likely... — read more
Citrix Bankers Weigh New $15 Billion Debt Plan to Stem Losses
LMFAO!!! https://www.bloomberg.com/news/articles/2022-07-25/citrix-bankers-weigh-new-15-billion-debt-plan-to-stem-losses Behind paywall: https://archive.ph/3iLyQ "Bankers backing the buyout of Citrix Systems Inc. are discussing new ways to sell... — read more
Open Letter to Our New CEO
Dear T.K. In your letter to employees, you addressed that we will be open and accountable and data driven. I sincerely agree with openness and accountability. I loath data-driven. Let me explain. It is not due to dislike of data nor is it due to... — read more
Our management is obsessed with layoffs
All we hear about are layoffs. All we have are layoffs. No company should have cuts so often. I know layoffs are a must in some cases, but not all the time. What would happen if the people in charge would focus on something else for a change? Like... — read more
A key reason to leave?
Fortunately, Citrix is not the only show in town. Among the many reasons to leave a company, what do you think is the biggest reason why more and more people are leaving this place?
Shitrix Product Management and Martketing switching too Lookout.
Alot of the PM and PMM team of Shitrix Secure Private Access (trying to keep VDI relevant) are switched too Lookout. Let's hope they don't fu-kup that product too.
Advice for newcomers
We're still hiring and I see so many of the new additions excited and eager to help and burying themselves into a ho-e they'll never manage to dig themselves out of. Take it from somebody who's been here a while. Citrix is not the type of company to... — read more
Mates, 50% support layoff guaranteed based on blast from the past. Post says it all.
https://www.thelayoff.com/t/1h16NovQ
Blast from the past-2 ! Layoffs Layoffs Layoffs !
https://www.thelayoff.com/t/Ua7JP4W
How its all going to go down and how people were laid off. Blast from the past at CA !
https://www.thelayoff.com/t/W2F1DOz
Are customers still buying that Citrix legacy sh-t?
There is no product manager, developer or support engineer left. Don't understand why customers would risk their business continuity with that legacy technology. Get a Shitrix exit plan as soon as possible and execute directly.
Vision for the company
Does our leadership even have one, or do they only think of short-term goals (and of course, their personal interests)?
The sale delayed until September.
Citrix Systems (NASDAQ:CTXS), which agreed in January to a $16.5 billion sale to Vista Equity and Elliott Management, ticked down 0.6% after a report that a $15 billion debt sale for the acquisition has been delayed until after the U.S. Labor Day... — read more
VP LinkedIn bu-----t
Bu-----t and covering their own a-s, making themselves look good on social before the sh-t hits the fan. The shitrix employees don't need marketing bu-----t they need hinest actions and adjustments. "Of extraordinary performers... Every company... — read more
Huge Layoffs in the making !
Engineering will definitely experience layoffs. Maybe not the 3/4 that the rest of the functions will experience, but likely 1/2. I was at Broadcom for the CA Technologies and Symantec acquisitions. They laid off 3/4 of employees over 2 years not... — read more
Layoffs by EOY
Incoming CEO announced imminent layoffs. This is refreshing because such transparency allows employees to plan instead of rumors and uncertainty. Likely layoffs will hit FTL harder since CEO is SV-based and not thrilled about having to travel to FL... — read more
Brush up! If you are trying to get out or get in.
· Linux experience? · Commands - (grep, pwd, ls, cd, tar, find, chmod) Remember, Linux/Unix isn’t a necessary skill to get hired…maybe an S7/S8 should have some Linux experience, but others really don’t. I spend less than 2/3 minutes with Linux... — read more
Yes, I worry about being laid off
I worry because a lot of companies assume that those who were laid off are not among the strongest performers. It's not fair and in so many cases it's certainly not true but the stigma is there. Being laid off can cost me future employment or I can... — read more
Tom Krause guarantees massive culling carnage after deal completion
I can guarantee you once it's done, this 'merger' will result in major layoffs. In addition to now redundant positions, expect to see cuts across the board. There's no better time to trim costs and reduce the workforce while keeping it low profile... — read more
When do CTXS shareholders get to cash out?
For those of us left holding the bag with CTXS stock - when does the sale close? When do we get to sell off at $104?
Severance would be the best way out
Unfortunately, I don't expect anything to get better, in my opinion things can only get worse and more complicated. I received an offer that I am not completely satisfied with, so I am in a dilemma whether it is better to accept such an offer or to... — read more
Words from the new Sh-trix-Tibco CEO on LI.
Never have seen so many marketing bu-----t in one LinkedIn post. "Looking ahead, Citrix and Tibco are pioneers in their respective markets, and I am honored to take the helm of a global enterprise software leader that will continue to accelerate... — read more