If the goal was to regain the trust of shareholders and investors by cutting costs through layoffs, it failed miserably. The stock keeps going down and I don't think it'll stop any time soon. Investors know full well by now that no amount of layoffs can make up for the many bad decisions this management has been making. These band-aid measures can't work forever and everybody knows that. Everybody but our ELT, that is.
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I don't see an increase in stock price shorty term.
Investors are reading these forum, they know it is serious.
There is no intellectual properties left soon.
If they manage to get the Microsoft CEO hired at Citrix that would surely boost the price but that job would be a su----e mission. No seriously leader will step in, under these circumstances.
shareholder value *rubs hands together
Laying off very high talented employees to reduce costs is self defeating.
MicroApps. XM, SD-WAN have all essentially been shuttered. Engineering and sales teams gone.
Support will stay on for those contracts we haven't just decided to terminate and pay the exit clause for.
The financials of the company is seriously sick. Our expenses are like a big company, but revenue like a startup. That can not sustain.
Also agree that layoff is not a fix for this. You can not heal a gunshott by putting a band-aid on it. These broad spread layoff has not done anything.
Probably the next step will be the alignment to growth strategy and getting rid of distractions. There are too many to name here - Wrike, Podio, MicroApps, SD-WAN, CAS, XM)
Layoff wasn’t for investors. It was for Elliot management. Elliot is the sc-m of the earth. They do nothing but tear limbs off for their own profit.
Layoffs only result in short term stock gains.
In order to boost the stock price you have to have a viable long term plan and product. In order to do these, you have to have good management.