Hearing whispers that there is another major announcement coming in Jan. Major shift in strategy. Brace for it!
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The virtual apps and desktops market is not considered a high-growth market by at least some analysts. However, it is a very important market, especially now after the pandemic. Companies need ways they can securely provide remote access for their employees and prevent data loss. So while Citrix is not likely to achieve rapid growth, there is plenty of opportunity for strong incremental growth to serve the growing need for secure remote access and data loss protection. Although the layoffs were painful, they were a small percent overall. The company is 10000 employees strong and ready to move forward, regroup and refocus on what customers need. There are a lot of people in the company that care and are confident that we will come through this stronger than before.
The layoffs are over for awhile. There’s very few employee areas left that can be cut that will generate operating efficiencies and won’t jam up the company. The larger problem is the fact that Citrix products ARE NOT selling, and have become far less attractive to prospective buyers. Whether or not we do change strategy— these needle d-c-s better execute correctly on what the strategy is. Product management is way off track. Lead generation at Citrix is horrible. Near incompetence. It’s great charting a new course to victory, but if the vessel that’s supposed to take you there is broken — it ain’t never gonna happen.
JK stated yesterday at his all hands that layoffs were done. But then, maybe he was just j/k-ing :)
The situation assessment from Bain analysis is grim. None of the turn-around scenarios are credible, so far, given the remaining leadership talent at Citrix. This assessment will continue until they find a plan that is likely to improve the outcome. Be patient...
Major change in strategy - but there’s one part that won’t change: still leave the incompetent C suite, VPs,Directors, and Managers in place who got us into this mess. Leveraging the same brainless people to get us out of it. They can’t hold onto talent or recruit good talent either, especially in sales. The comp plan is a joke along with the management and quotas.
Citrix is unfortunately DEAD!
It breaks my heart to say this but the decline in the last few years have been phenomenal. The talent attrition is alarming. Many have left. More are leaving, and everyone else worth called a good talent I know are preparing to leave.
A lot of bad decisions were taken on product, process, and eleven people -, tolerating incompetency and hiring/elevating wrong leaders. All this have done too much damage to be corrected. It’s not Apple and there is no Steve Jobs.
We can wait to see the new strategy, but unless there is 180 degree turn around on strategy and throwing out majority of the leadership and management, this is going downhill. It’s just a matter of time.
Major shift in strategy.
Focus will be on ADC, VDI. Wrike will continue as stand alone entity for a while. ShareFile will be sold (to HP / Dell / Nutanix)?
Right, who cares if you have a best in class sht sandwich if no one eats sht sandwiches
That’s no necessarily bad news - it’s actually what Citrix needs. I guess it depends on the details.
It all seems like they are making a big mess and creating a huge wave of uncertainty for the masses:
- Announced 15% layoff
- Talk endlessly about “best in class product suite” that isn’t selling
- Announce a strategic plan by EOY which is now delayed
- No mention of vcp bonus payout at GEM
- Rumors of more layoffs bc Bain is not done yet (which could be delaying strategic direction)
All of this says - people will be leaving. Too much uncertainty
JK is delaying his strategic plan on how to save company. Supposed to come out by EOY, now saying it’s next year. Wonder if the citrite ELT is giving him issues with an embedded mindset?
All in on DaaS and nothing else? Hoping for a buyout from a major cloud infrastructure vendor with no software to compete?