While they legally don’t have to pay severance in some regions, they will though it may be reduced. Let’s say they lay off 5% at acquisition and don’t pay severance. There would be a mass exodus at Citrix and they know that. And no, they can’t just go out and rehire 5k employees who left and get them adequately trained. It would sink the company and their investment would be worthless. They’re goal is pretty obvious to repackage Citrix with Tibco and go public again after the cloud transformation. It’s the most profitable path. Outside of that, they could sell off parts of the company, but that’s much more difficult. There are only a handful of companies or PE firms that have the funds and specialize in this industry.
Bumped from @5xqf+1feVEqYe for being on point.