I honestly can't believe this... And paternity is slashed to 4 weeks globally!!
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@mt I'd say you're spot-on. The plan was always to zombify the organization by shedding talent & scrapping decades of institutional knowledge, keep the zombie walking long enough to wring out every last drop of value by keeping only big enterprise accts too dependent on Citrix to go elsewhere anytime soon, and then toss the empty husk on the fire. Private equity is a pox on the business landscape.
pathetic of them
When they stop giving raises it indicates cash flow problems.
To be candid, the talent pool within CSG appears significantly diminished. The TIBCO of today is a shadow of its former self, as many of the individuals who once drove its success are no longer with the company—a trend likely mirrored at Citrix. If the organization were genuinely focused on growth, it would actively pursue cross-selling opportunities across its broad customer base. However, this approach would require meaningful investment in sales, pre-sales engineering, and support—areas that do not seem to be a current priority.
The prevailing strategy appears to center on converting customers to subscription models while reducing investment in engineering and support. This may prove viable in the short term, particularly with customers whose operations are too dependent on CSG technologies to justify the high cost of migrating or rewriting critical applications. That said, this trajectory raises questions about long-term sustainability.
I sincerely hope my assessment proves to be overly pessimistic—but time will tell.
Honestly, are you really surprised there's no merit increases this year? Wait until you see the haircut benefits take during the next open enrollment.
The ship has been sinking for 3 years now, I was personally hoping being a die-hard I'd expect to see some kind of payout or miracle merger with a real innovative software company. I thought 2024 was pretty bad, I was wrong, 2025 is worse! Time to pivot your careers it's like this everywhere.
Early stages of a dying company.
No monies? Even for men who worked hard and made babies?
Be happy you have a job. The company is drowning in debt.
There are serious debt issues and it can only be spun so long. Expect to be let go soon and start preparing as further benefits are being cut including severance.
Its being spun as a "not everyone will get a raise, some will, some will not." They say the money this year is being used to level the salaries and bring up those who might be somewhat underpaid. But on the other hand.... what a great way to show your appreciation for those who have tenure, and worked hard to get ot the level they are at, not. Guarantee its a cover for them not to spend as much, and target long tenure employees.
Nothing surprises me anymore. Execs and PE do not give a fu-k about you or your family.