Thread regarding Citrix Systems Inc. layoffs

History Repeats

In 1970 the average manufacturing worker made the equivalent of $42 per hour with an excellent benefits package. By 1990, US manufacturers moved operations off shore to reduce labor cost, taxes, overhead, and environmental regulations. Investors made billions by using hostile takeovers and lax regulations that accomplish this. Now there are comparatively few manufacturing jobs in the States.

We are witnessing the next great transformation of wealth as investors (for the same reasons) are using the hostile takeover approach to moving jobs off shore. In the next ten years there will be few tech jobs available in the US and those jobs will pay significantly lower salaries than the current industry average.

Citrix is only one of dozens of tech companies who are experiencing this exodus. The RTO is only one strategy to reduce the workforce and set a new standard for exploitation.

Hostile takeovers are as unethical as they sound and should be illegal.

by Anonymous
| 1551 views | | 8 replies (last October 5, 2022) | Reply
Post ID: @OP+1j3c3TqU
Comment! It's anonymous!

8 replies (most recent on top)

https://en.m.wikipedia.org/wiki/Edgelord

by Anonymous
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Post ID: @duy+1j3c3TqU

Everyone on here is either current or ex- Citrix. Why else would they spend time here?

by Anonymous
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Post ID: @eqe+1j3c3TqU

It would be nice if we could confirm who is a Citrix person and who is not

by Anonymous
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Post ID: @ygv+1j3c3TqU

I love how a U.S. Citrix person is complaining about offshoring; meanwhile, many of his colleagues in India have their jobs because of offshoring.

by Anonymous
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Post ID: @mij+1j3c3TqU

You think offshoring tech jobs is a new thing…?!

by Anonymous
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Post ID: @aoo+1j3c3TqU

Every time one of these transformations happen there are more, newer, better jobs available than the ones that went away.

There might be some short term pain, but anybody who is a little resourceful will do fine, and everybody who isn't shouldn't have been here to begin with.

The main thing is, make sure that you're getting compensated for the value you create. Don't give up the goods to some PE ja----s who's never _created_ anything. They can only get away with it if you're leaving value on the table.

We lost this round. Lick your wounds and make some money somewhere else.

by Anonymous
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Post ID: @gbu+1j3c3TqU

Never stop learning new (currently in demand) skills, and find a market niche that is less likely to become a commodity. It's difficult, but not impossible.

While this approach is not the antidote to PE exploitation, it improves your odds of being somewhat resilient to shifts and changes in market demand for talent.

by Anonymous
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Post ID: @vxt+1j3c3TqU

The unfortunate reality is that the benefits of globalization that we enjoy: relatively inexpensive products we buy, also means that jobs can move away as well. And we continue to reduce the quality of our workforce by diluting education, lowering standards of achievement and allowing mediocrity to be acceptable in school while the real world is far less so.

Then we complain about things like RTO when the worker in China, India or Eastern Europe is coming into work for 8-10 hours.

Let’s get real. Yes, the investor class is cruelly maximizing return on their money. What are you doing to maximize your value?

by Anonymous
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Post ID: @cgx+1j3c3TqU

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