Thread regarding Citrix Systems Inc. layoffs

Gut Feeling Regarding Layoffs?

I don't know anything, other than the certainty of pending layoffs and positions being eliminated. I don't like the uncertainty of the wait and see but I think I have a running theory on timing. I went back to read through the Tom K next steps and noticed this, "By the end of September, he will announce both the leadership team and the corporate organizational structure for the new company. " We also have the deal finalizing on 9/30. The following week, some sort of RTO that still hasn't been clarified and a Cibco or Tibrix or whatever we are called All-Hands on 10/4.

My gut is telling me that the hammer falls between this Friday and next Monday and those left behind get to hear the details of the future at the All-Hands.

by Anonymous
| 2531 views | | 5 replies (last October 3, 2022) | Reply
Post ID: @OP+1iT0xAWa
Comment! It's anonymous!

5 replies (most recent on top)

@8uin+1iT0xAWa it has been publicly announced to investors that they will layoff 955 people to save 357 million dollars a year, at a one time cost of 200 million dollars which they will get from the 1 billion dollar credit line.

What part of that is Noise + panic + fake news?

by Anonymous
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Post ID: @8afp+1iT0xAWa

Noise + panic + fake news… Monday 10 am est and not a single person reporting being layed off… all this created by people that dedicated their time to spread false rumors and panic… pure b.s. yes there wil be lay offs but preety sure very far away from what the “gurus” that post here say it will be

by Anonymous
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Post ID: @8uin+1iT0xAWa

The combined company will keep the TIBCO fiscal year, meaning it ends at the end of November, instead of December 31 like normal people. That is why all budgets have to be set by December 1.

by Anonymous
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Post ID: @2lpl+1iT0xAWa

When the company is private, they don't have to follow specific deadlines. The deadlines before were coming mostly from outside. Citrix had to give the guidance every year.

by Anonymous
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Post ID: @2jhf+1iT0xAWa

Next couple of weeks will be one phase. Then there's the December 1 deadline for budgets - that will mean more heads rolling as each department figures out who they can afford to keep. Then there will be some transition people . But I agree that one hammer is going to come down relatively soon.

See the thread about "too much time spent here". That has an insightful post.

by Anonymous
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Post ID: @oek+1iT0xAWa

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