It’s confirmed to happen this month. TK needed more cost reductions to pay for his fat loss treatment like the baron harkonnen.
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The site is correct. There were layoffs.
June is just about over. I'm shocked that this site had bad information.
Yeah, I think there is no question that they will wait a few months to scr#w Citrites out of the traditional severance package. Tibco packages were not as good as Citrix (e.g. one week per year.)
Until November 1, I think it will only be legacy-Tibco people and others not entitled to the Citrix severance package.
I had assumed they’d wait till November for the next round so they are no longer bound by the legacy Citrix severance policies, making the layoffs less expensive for them.
This is what was planned when leadership was having champagne and caviar in Monaco several months ago.
I wish it wasn’t true, but it is…
All areas are subject to reductions, but I know for sure that HR will be impacted again as it is considered to be bloated with employees still.
If not in June 2023, then when is the next layoff? Surely, there is more to come.
It's clear to everyone here that the CSG customer base is shrinking each quarter. Profitability is in decline, even hiring new replacement employees that are paid less to do the same work isn't sustainable. Layoffs seem unavoidable. So, if June is false, it's only a matter of time. And I'm not hopeful I'll survive another round of cuts.
This is false. There are no mass layoffs happening in June 2023.
how can there be layoffs when there's barely anyone left? everyone I know is doing the job of 3 people now... with the same wage. I "understand" cutting staff to please the indebted banks, but I feel like we are reaching a breaking point where enough people are resigning that layoffs would be crazy...entire processes come to a halt.
I can't seem to find a single person who is optimistic about csg... new hires (who managers have to find, since recruiting is gone) take one look at glassdoor and want to run away, talent is supposed to be found in fort lauderdale only ... how they expect this to work?
TK doesn't discriminate, all department are likely to be impacted. Just as the prior rounds of layoffs. Maybe HR will be spared this time, because the ELT needs enough people to process the soon to be ex-employees. Lesson learned from the last round of terminations.
What departments are affected?
ELT.
Oh, thanks for the detailed explanation of where the information came from.
ELT.
Confirmed by who?
The private equity owners are likely adding pressure to reduce costs. I read that the whole PE sector is reported to be struggling with rising interest on the loans they used to buy failing companies, like Citrix and the other CSG tech remnants.
I wish that I followed my instinct to leave this sinking ship last year. TK is inept as a leader, and unable to fix what's clearly broken and obsolete in the company's remaining products.