Banks losing money on Citrix debt… not a good sign of things to come.
https://seekingalpha.com/news/3884954-goldman-bofa-credit-suisse-seen-losing-millions-from-citrix-debt-sale-report
4 replies (most recent on top)
Yep about a 700 million dollar loss……..
They'll figure out how few people they need to keep the money coming in from current customers. That's not a lot of people. I have no inside information, but would anyone be surprised if the majority of Citrix employees were let go?
Can only cut so much before you really didn't buy anything but a name. We are ALREADY very close to that before they even announce any layoffs.
the higher interest on the debt means there will be lots of job cuts!