Thread regarding Citrix Systems Inc. layoffs

This will be spread out

I think it will not be next week. The obvious product areas not doing well and low performing employees in all areas may see some impact if at all, but it’s not a one time cut. Over the next 6 months, a more diligent consolidation and restricting is expected. I don’t think Bob has a fully baked strategy yet.

Plus many areas have a lot of redundancy and over staffing - thanks to rampant hiring and lenient promotions handed over by VPs / SVPs to have them feel good on their bigger orgs and people with bloated roles compared to others. Those areas will see corrections only later.

Bumped for good info from @exl+1dKjzIH9.

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| 1832 views | | 2 replies (last November 13, 2021) | Reply
Post ID: @OP+1dLMEqgj

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They should take their time. Not every decision can be made for an immediate short term stock boost. Management will also take a long term look at what needs to happen to grow the company.

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Post ID: @2ryn+1dLMEqgj

You can repost this all you want but the reality is that half the battle with stock price is perception and real world costs. Investors want to see that the damage being done is over and the company has started moving in a positive direction. It's very expensive to lay off groups of people between packages and administrative / legal overhead. You have to set expectations with investors that you did the layoffs and took the financial charge for them (Bob stated this would be in Q4) and get the company on its feet. It would be stupid to continue with taking financial charges for more layoffs in Q1 because this would just turn off even more investors.

Management also knows that dragging layoffs out over half a year would destroy what morale is left and people that they don't want to leave, will, due to the anxiety and uncertainty.

Anyone who thinks management is going to slowly ki-l product after product and department after department over half a year hasn't spent any time in the real corporate world and experienced it before (there are a lot of Citrix lifers that have never worked in the real world, which contributes to so much of the stupidity and bone headed decisions).

The layoffs will happen in the 4th quarter this year. The products to be ditched will be announced in the same time frame and we'll start '22 saying we're now free of bloat and distractions and are laser focused on progress. This message will go to investors to get them to buy the stock and raise the price.

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