Thread regarding Citrix Systems Inc. layoffs

Package being offered

Anyone know what the package is?

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| 4814 views | | 28 replies (last October 5, 2017) | Reply
Post ID: @OP+PAhLceE

28 replies (most recent on top)

the formula matches what i have been told. remember that you get 50% off the top to taxes. they also only pay 1/2 of remaining PTO because it is split vacation/sick time. nc labor laws are the worst for workers, so may be worse in raleigh.

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Post ID: @1jyn+PAhLceE

Has any actually been told what their package is?

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Post ID: @csx+PAhLceE

Old Posts on severance:


Citrix Severance Package

3 years ago by Anonymous64068 | Post ID: @zTzHUxo

1217 views | 14 replies (last 2 years ago)


Severance Packages?

2 years ago by JackBlack | Post ID: @FoiFCLN

1312 views | 1 reply (2 years ago)


What was the severance package this time around?

2 years ago by Anonymous204022 | Post ID: @ExefqZi

595 views | 4 replies (last 2 years ago)


What about Severance Pay this time around?

2 years ago by Anonymous202402 | Post ID: @EvbsSth

367 views | 10 replies (last 2 years ago)


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Post ID: @zub+PAhLceE

They also by law have to pay any unused PTO. All payments (except for VCIP) were paid within 2 weeks of signing the separation agreement.

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Post ID: @zol+PAhLceE

In the big one of 2015 it was 6 weeks severance plus they paid COBRA for 2 months. They also did pay the VCIP at 100% automatically during the normal cycle. I know this for a fact because I was accidentally mailed a separation package with all the paperwork. Who knows what it will be this time around...

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Post ID: @qwg+PAhLceE

The package is about 9" when I'm happy.

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Post ID: @lov+PAhLceE

So are the MBO payouts part of severance?

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Post ID: @cke+PAhLceE

Crazy enough, I wasn't on MBO yet the following spring I received the non-MBO operating bonus for 2015.

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Post ID: @xdt+PAhLceE

That formula ((number of years * 2 + 6) weeks of salary in severance), would be a sweet deal.

I can make some real peace with $30k in a lump sum right about now. Then get re-hired when they see they need me. But then, I'll try to get paid as self-employed for $250 an hour.

Would be a good down payment for a Model 3.

Yesss!

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Post ID: @dcn+PAhLceE

At least 1 million for every month. oh no sorry thats only for the CEO.

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Post ID: @zyp+PAhLceE

The Citrix Cloud sticker is within the Panda express fortune cookie.

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Post ID: @tnw+PAhLceE

Ya. Wish it was in health room and we were naked. But she might have a bigger dong than me

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Post ID: @wtc+PAhLceE

I know that the upper bound is 40 weeks of salary. as severance.

I think it's (number of years * 2 + 6) weeks of salary in severance, but I could be wrong with that formula.

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Post ID: @yjo+PAhLceE

Will the turkey be branded with a Citrix Cloud sticker on the side?

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Post ID: @jid+PAhLceE

Message Lady sends texts. Who'd have thunk it?

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Post ID: @ztb+PAhLceE

I got a text from the message lady. She will be there thursday. Too bad no one will be working there .

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Post ID: @ozu+PAhLceE

@PAhLceE-pkk Do we get the turkey at the meeting or after the meeting?

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Post ID: @arm+PAhLceE

You get a turkey.

You get a turkey.

Everyone gets a turkey.

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Post ID: @pkk+PAhLceE

@PAhLceE-pfu Is this a turkey thighmaster?

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Post ID: @bie+PAhLceE

I heard you get a thighmaster

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Post ID: @pfu+PAhLceE

You may need to de-feather the turkey yourself. It is an Elliot management turkey afterall

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Post ID: @yfd+PAhLceE

Is the Turkey confirmed? I'm vegan.

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Post ID: @zsc+PAhLceE

You just gotta put the turkey in first

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Post ID: @nie+PAhLceE

Do I get a separate box for the turkey?

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Post ID: @ksj+PAhLceE

Don't forget the Citrix Cloud sticker. Can't have enough of those.

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Post ID: @mmk+PAhLceE

A moving box and a turkey

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Post ID: @mqw+PAhLceE

don't know, but with Elliot management it will be the absolute legal minimum required to satisfy the state laws. Elliot does not care about the humans in the company...

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Post ID: @fdl+PAhLceE

2 boxes

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Post ID: @orv+PAhLceE

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