Thread regarding Citrix Systems Inc. layoffs

Maybe worth remembering…

The layoffs were / are inevitable as part of the “thesis” that the PE companies create as part of their reasoning for the transaction.

These theses are part of any PE endeavor and are rooted in extracting the maximum value possible from whoever it is that they buy.

Being told “there is no Vista playbook” is a lie. There is, and always has been. That’s how they’ve become what they’ve become.

If you’re impacted by the layoffs, it’s not your fault or because you’re not good at what you do. It’s because you’ve been sacrificed to meet the goals of the thesis. It’s tough, but that’s the bottom line.

You’re gonna be ok. Trust the process.

It’s also worth remembering that there are more than 30 financial “players” in the take private deal. It’s not “Vista’s money”. It’s not Smith’s money. Far far from it. It’s a syndicated debt that the banks took a beating on.

This is pure good old American capitalism at its finest. There’s nothing to be ashamed of if you’re let go. The game is the game. It’s all about dollars.

Keep strong and positive. Move on.

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| 1691 views | | 11 replies (last January 12, 2023) | Reply
Post ID: @OP+1kDex11o

11 replies (most recent on top)

Nah. It was nice to have a no-show job for three months, and a nice package to depart with

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Post ID: @1uim+1kDex11o

" It was tongue in cheek." - okay, but understand that some of us have a low tolerance this week for comments that are open to interpretation.

But o worries, I've just taken my daily tequila shot and my CSG frustration has subsided. Damn, this injustice just makes me inclined to vent my emotions. My sincere apology.

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Post ID: @gyz+1kDex11o

My suggestion to all. Let it out man!! Do what you need to do to release the pi---d. If it helps I am all for it...Citrix fricken sucks ss!!!! TK's head is up Vista Partners Bu*.
Please don't take it personally. Citrix is not the only company that found itself in an aging market (VDI in this case) with modern alternatives causing competitive pressures and having reinvent themselves to stay valid. They had little choice to go private as the strict regulations of a publicly traded company would slow down the much needed changes. The staff reductions where introduced as part of the acquisition negotiations over a year ago.

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Post ID: @mtz+1kDex11o

OP here. Lemme just add some color and clarification (due to the comments):

  1. The point about "at it's finest" was intended exactly how the other comment stated / clarified. It was nothing to do with how America was / is viewed or built. It was tongue in cheek.
  1. "Trust the process" was about the healing and finding a new role "process" for those impacted. It takes time, but it is a process. It had nothing to do with TK, CSG or any "process" for RIFs.
  1. OP is one thousand percent not a TK minion. You can rest assure of that.
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Post ID: @ubv+1kDex11o

""Nobody said it's good for society." go back and read this drivel again; that's exactly what was said and I don't accept that it's pure or good. It's morally wrong, and we can do better than rationalize or explain that what Vista did yesterday is merely a thesis. It's not okay. "

That is not what the OP said. You re-read it. Do you understand English? He's simply telling you how Vista looks at it. How do you not understand what people write?

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Post ID: @ycr+1kDex11o

"You’re gonna be ok. Trust the process."

Trust who? This post came from one of TK's minions. Fu-k you!

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Post ID: @ypf+1kDex11o

I agree, and reject their lame thesis. It doesn't have to be this way and it's wrong to accept it as a fact of Capitalism. We should expect better behavior from those who acquire companies in trouble. There should be new legislation to stop these greedy vultures.

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Post ID: @tug+1kDex11o

"Nobody said it's good for society." go back and read this drivel again; that's exactly what was said and I don't accept that it's pure or good. It's morally wrong, and we can do better than rationalize or explain that what Vista did yesterday is merely a thesis. It's not okay.

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Post ID: @epn+1kDex11o

I think the OP meant by "finest" is that this is capitalism at its core. And he is right -- this is what companies like Vista do. Nobody said it's good for society.

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Post ID: @yff+1kDex11o

"This is pure good old American capitalism at its finest."

You are sick in the head if you believe that what happened yesterday is pure or good. Brutal and heartless isn't what made America great in the eyes of the rest of the world.

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Post ID: @xpo+1kDex11o

Spoken by a person who sees us as victims. But were we really martyrs?

Maybe we were complicit participants in the downfall. Let's at least be honest with each other. It is somewhat our fault if we chose to stay when we knew the prior leadership was fraudulent. How can we be strong when we all know that we were foolish to have stayed at Citrix? Sorry, but I can't accept we're innocent victims. We should have left last year when we had the chance. That's my regret, and I'll own it - I'll take responsibility for my actions and poor judgment in hindsight. Lesson learned.

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Post ID: @gbi+1kDex11o

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