Thread regarding Citrix Systems Inc. layoffs

New CEO

It’s a good sign that someone like Tom Kraus is taking helm of Tibrix. He is by background a corporate development guy so good at chop and shop. Let’s have our imagination run wild for a second and probe his, Eliot and Vista’s brains to see what they are contriving:

  1. Move Wrike and TIBCO closer. Both have information workflows and a good information cloud story. This becomes Wriko, making the combination that Vista really wanted to save their investment in TIBCO.
  1. Split off the ADC and sell to another PE or networking Public who can deploy the asset. Possible new hosts, apart from standalone: HPE, Extreme Networks ( always bottom fishing) or far out idea: Arista networks.
  1. Daas is an odd one. Nothing in TIBCO really makes sense to sell with Daas. DaaS is wide, while TIBCO is deep. They can certainly sell it off to Broadcom since that portfolio is so wide that they can add DaaS to most sales. Maybe the Daas part will tuck in someone like Workspot or Nerdio to perfume the story before selling it off.

Sounds like exciting times ahead and lots of money to be made. I love the American free market!

by Anonymous
| 2571 views | | 6 replies (last July 14, 2022) | Reply
Post ID: @OP+1hGLLxCA
Comment! It's anonymous!

6 replies (most recent on top)

There's a low likelihood of large customers switching from Citrix CVAD (or whatever it's called today) to VMWare.

If they switch to anything will be a virtual desktops solution from Microsoft or one of the hyperscalers. Citrix has massive buy-in from enterprise customers, most of whom know that it's mostly legacy-on-legacy. Old Citrix tech supporting older apps. As long as the old apps are around, Citrix will be around.

No one is replacing that setup directly. Customers will eventually just wind down their contracts and go with a new method of serving apps and OS to their staff. That's years away though for most large customers. Until then, it's pure cash cow for the VCs. Citrix throws off tons of free cash flow.

by Anonymous
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Post ID: @2wzb+1hGLLxCA

To be clear, there is no logical reason that Broadcom would acquire the remnants of Citrix (DaaS), even if the asking price were low. Why? VMware can continue to wait for all Citrix current customers to decide that they need to change course.

Yes, switching IT vendors is a difficult decision for many CIOs, but eventually many will follow the ongoing exodus and abandon Citrix solutions in favor of VMware. It's inevitable

by Anonymous
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Post ID: @2mow+1hGLLxCA

Hey, with all of that chopping and selling experience, does anyone think Citrix is going to be a place to work? Krause the corporate butcher’’s hiring is the loudest message about the bloodbaths ahead! So while the comments about strategy may be above the heads of some, the message is intended for mature audiences…

by Anonymous
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Post ID: @1ncz+1hGLLxCA

The layoff website is my go to for bouncing ideas around corporate vision and strategy. 🤡

by Anonymous
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Post ID: @1iqc+1hGLLxCA

I doubt they hired Tom Kraus to sell all of Tibrix to Broadcom. They brought him in for his PE like experience inside Broadcom. So while he may sell some parts off, I suspect Broadcom itself may want the DaaS piece after they absorb VMWare, even though there is a small overlap with the flailing DaaS business inside VMV.

by Anonymous
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Post ID: @kpt+1hGLLxCA

You could be right that the eventual destination of a large part of what Citrix is now will be with Broadcom. Like when we got Kirill Tatarinov for the CEO job in the hope of Microsoft would purchase us.

by Anonymous
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Post ID: @jtj+1hGLLxCA

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