Thread regarding Citrix Systems Inc. layoffs

Split likely coming soon into three parts

Yup, split likely coming soon into three parts, if not all at once: Wrike, back to a PE, Workspace, into a big slow software house like Broadcom where they can milk it for another 10 years after trimming the overhead, and the good old NetScaler, into another either PE or merge with a PE owned entity to capture the cash flow as the revenue inexorably winds down in the face of cloud. And strange as it may sound, shareholders will possibly make 30-50%, because the Wrike part is worth a lot more than what it is under Citrix. The losers will be the employees that worked hard to deliver against a bad or zero strategy.

An on point comment from @3qwy+1eJwzII0.

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| 3701 views | | 4 replies (last January 16, 2022) | Reply
Post ID: @OP+1eO7zbeX

4 replies (most recent on top)

Reverse stock split.

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Post ID: @1rzt+1eO7zbeX

The latest news about Vista and Elliott points to TIBCO as the investment vehicle. That would be an OK place for Workspace. Depending on how the tax treatment is optimized, E/V may split and sell or sell then split. The split first would be cleaner. There are rumblings of Wrike being decoupled (it never seemed to be integrated to begin with) so the first split is likely to be Wrike, before a merge. Then, the second split NetScaler. TIBCO has some API services so maybe there will be some other swizzle of the tech.

Employees are leaving in droves while those who were impacted are landing quickly, enjoying severance check double dips for a while. Time to leave before the next turn of the crank.

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Post ID: @hnn+1eO7zbeX

I think this thesis is generally correct though will be interesting to see the details and how it unfolds. Let’s be honest - the Virtual Apps and Desktops/Workspace component of the business is circa 70% anyway so you could split and sell off the other two pillars and still have “Citrix”. Basically what Citrix originally was or could have been before they started the acquisition spree…

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Post ID: @qra+1eO7zbeX

Plus one. There is likely going to be split + sell off of the company as well as closing of office spaces in many expensive satellite cities within a year’s time. Last few years, there were many offices opened across the world for no good reason other than showing off, and they are under utilized and draining money. More critically many don’t align with future strategy and direction. Look for much consolidation in FTL and BLR for core products that remains, and sell off / closing of others.

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Post ID: @pbw+1eO7zbeX

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