Thread regarding Citrix Systems Inc. layoffs

Well, one highly incompetent leader (HIL) in my org has repeated failures as outcomes - slow pace of innovation, decline in product quality - every product the HIL owned, slumped big time, massive attrition of talent in tune of 16-18% with many top talents leaving in frustration and openly ki----g diversity - 90% of replacement hires are from a particular race. But the HIL is good at singing SAFe song and drumming culture BS, which is enough to cover for the incompetency.

A company’s result only rises to the level of leader it invests in. Unfortunately Citrix has done a poor job with many critical leadership roles. If it was any other technology company, I would be surprised if the HIL could keep his place for more than a month before getting exposed of the level of incompetency.

But who cares here? The price can and shall be paid by slashing hard working employees. This will make the shareholders and Elliott happy for next 2-3 years. Till then HIL continues fooling around after which the cycle repeats again.

Good times with massive layoffs are coming to this den of fools
Hope to get a good package this time

The market has reacted well to this news. Shareholders rejoicing, and stock up by 8% in early hours.
Minus 20% looks like a certainty :(

They never lay off the lions, only the lambs and it's probably coming with Elliot sharpening their axe.

CNBC ran the same story, source Wallstreet Journal: "Elliott Management Has a More Than $1 Billion Stake in Citrix Systems".