The reasons are, of course, numerous, but many of these issues were present at Citrix even before and yet the attrition was not as high as it is now. I think the main reason is that many see the company's tendency towards offshoring and prefer to leave on time.
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You can research in various forums what TIBCO/Vista does after acquiring a software company. They will do layoffs and offshoring. Also don’t expect them to give a good severance package either.
It will take you at least 3 months to get a good job where you could negotiate from a position a power (if you have a job and multiple offers, it will be better than unemployed and with no offers).
I started to prepare myself right after the Nov layoffs. Yes, if you are a developer, you will need to study a lot to break into the FAANG companies. I started to book interviews around end of Jan/Feb. I interviewed with 10+ companies; some I turned down, some didn’t give me an offer.
By mid March, I had 4 great offers. I used that position to negotiate a total comp that is outrageously crazy. Then, I waited for my RSUs to vest and gave notice on April 1st.
I’m sorry that Citrix took this turn. Even sorrier that the ELT only looked after themselves in the sale (read the proxy statement if you haven’t) and didn’t even bother to put a good retention package for the employees.
Good luck to all of you.
One reason for some of the attrition now is because people were holding out for RSUs to vest (some vested in March, more vested in April). For those that didn't have RSUs, they probably just needed to see for themselves that there are no real retention plans and it's all lip service to string them along.