The upcoming cuts...

I'm hearing at least 40% across the board although some like posted in this thread will be headcount cuts that are currently open, Commerical is completely gone.

There are some very good people still working there but the old saying "you can't see the forest for the trees" is applicable, they blindly believe that a PE firm will take care of them.....

Go to an earlier post and read the payouts for upper management, how many of those that actually do work got a piece of that......crickets......the smart ones have left, those that have been there 10+ years don't know how to interview so they take what's being thrown at them.

Think INNOVATION as a key to success, has there been any other than innovative new packaging of the same old technology.....

MSFT, VMWare and Okta will consume the existing customer base. Since this is an annuity/renewal business it will be consumed by the new company and the PE firm can hit it's cashflow targets with renewals that will gradually decrease......

Think Avaya when they got bought out....

You will not need a salesforce as very little net new business is being added, no new customer and no new products, I feel sorry for the new hires......

They have no idea what they're getting into only to be let go in 90 days

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Non-product groups are where cuts will be massive. HR, finance and accounting, marketing, etc. Whoever Tibco has doing those jobs can do them for the combined company as well.

Do you think cuts will be seen in non product specific departments HR, Finance etc.

Interesting intel on the prospectus.... but take a breath and relax as this was not my question that I am replying to :)

And for those waiting for the lottery in Q3/Q4 of 2022 let's hope that a recession is not waiting on the other side of that.....

Stay relevant my friends

You answered your own question on why people with 10+ years would stay. Its the lay off lottery. If you get laid off with 10+ years you are looking at 23+ weeks (3 weeks plus 2 per year of service) severance. Look at the definitive prospectus. It states it will keep Citrix traditional benefits, including severance, through Dec 2022. Why would you not stay and do as little as possible to see if you win the lottery. The ELT already have and continue to lie to the masses.

The 10+ year Citrites that remain either suffer from Stockholm Syndrome, are in denial about what is to come, and/or lost their ability to interview and are afraid to put themselves out there. Sadly, there will be a reckoning for many of them.

As for me, got my lottery ticket back in November and landed an offer 2 weeks later paying more money for less drama and stress. Best double dip situation anyone could ever ask for. Rare to be in a situation where you can thank your employer for letting you go ... but here I am ... better, stronger, and faster :)

A lot of people with 10+ years tenure got let go last fall, but found new jobs. Remote positions open up a lot of opportunities.

10+ years of complacency, or blind loyalty, isn't the profile that a good hiring manager is looking for in a new hire. So, if you're one of those people, make up a story of why you stayed until the last minute. Good luck with your job search! Try to stay positive.

Thread regarding Citrix Systems Inc. layoffs

The upcoming cuts...

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