Do you think there will be Citrix Systems layoffs? Any chatter, news or rumors?
13 replies (most recent on top)
I heard Jan. 9th is the day
Complete transparency. ;)
He actually does. It's a Tibco email alias. And presumably, tomorrow he'll have a CSG alias like the rest of us.
Krause has to hide behind a non email address. The chicken sh-t does not even have a valid email. Look it up!
"Krause has been silent for a long while."
Hope he stays that way.
Obviously things are taking longer than expected, which really isn't a surprise. Krause has been silent for a long while. Blowing up the organization isn't easy!
Originally TK said we would all know our status by the end of November.
Its the 28th - 2 more days to go, no word about anything except all the changes coming on the 1st of December.
"Over 1000, some time in January 2023, probably around the 20th. "
In other words: you have no idea and this is just a wild-a-s guess?
Over 1000, some time in January 2023, probably around the 20th.
They have publicly stated their intent to save $357M per year by laying off approximately 1000 people for a one time cost of $200M. There will be more layoffs. I am shocked they have not all occurred yet.
Perhaps they will sell legacy Citrix assets to pay off some bank loan debt, rather than cut more employees. Just a thought about the potential options. Let's wait and see.
Krause has to follow the direction of the PE owners, as they will decide when they're done with adjustments to CSG's balance sheet. They need optimal cash flow to pay off the bank loans. Headcount is where they'll choose to cut. And so it goes...
Huh? They have barely begun with the 2022 layoffs. Some could stretch into 2023.