I wouldn’t like to spread panic, but I expect the worst. Is there anyone who has some insights about cuts? Could they be happening soon?
I would most like someone to tell me that there will be none in the near future.
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Estimated cuts of approximately $600 to $800M are expected in the next 6 to 9 months. Both Citrix and Tibco will absorb the cuts. Approximately 15 to 20% will be real estate, bonus and stock consolidation, consider it pay cuts, selling buildings, headquarter change and office closures. Rest of the cuts would be US, Europe and India layoffs and move staff to cheaper locations. China and Greece mainly. Welcome to the PE management.
CEO has the trust of both companies.
The new CEO said that he would finalize his leadership team by the end of September and that all employees would know if they had a job by the end of the year at the employee meeting.
I would assume that with each org announcement/configuration there would be cuts. If I had to speculate the bulk would happen at the same time as last year which is right before Thanksgiving.
The PE owners of Citrix (and their loan Bankers) are considering all options to reduce costs, beyond further planned headcount cuts -- See the new Bloomberg story "Citrix Bankers Weigh New $15 Billion Debt Plan to Stem Losses"
Any guess when this layoff going to happen ?
Fact- Major cuts are going to be required to balance departments and increase short term profits. Hopefully, this time it’ll effect lower- middle management and not the tech workers.
Yes but what will the criteria though? Tibco is a smaller company with a different operational structure.
There will be cuts when the deal closes. They have been up front about that in the global employee meetings. Any overlapping functions with Tibco.
No need to start rumors. Trust your leadership.
Yes no more snacks in the office
Are you sure you're not trying to spread panic?