Thread regarding Citrix Systems Inc. layoffs

What We Know So Far

It is a fact that Citrix publicly stated 1) about spinning off Goto family instead of selling like Elliott publicly recommended them to do. 2) That in July Citrix publicly talked about selling ByteMoble. 3) Elliott Management called for shutting down ByteMobile, CloudPlatform, and Cloud Bride and if these are shut down instead of sold / spun off that means the employees on them are no longer necessary and large percentage would be let go. 4) Elliott Management also called for reducing operating expenses from 65% to 55%. So once products are shutdown or spun off they will still want the operating expenses of what is left tobe reduce from 65% to 55%. Salaries are a big part of operating costs so to reduce it overall by 10% it is reasonable to expect them to let go some people (just like the did in February to boost profitability by reducing operating expenses (salaries they had to pay). The move to sublease the building the Santa Clara instead of moving over to it is probably do to this also. 5) They sweeten the golden parachute for Henschall and Friedman if they are let go before Dec. 2016 6) Nov. 17th they are telling investors the results of their strategic review and their business outlook for 2016. So basically they are going to tell everyone what product lines they are trying to sell, what ones they are going to spin off, what ones they are going to shut down and how they plan to reduce operating expenses. So something is happening just the exact details are not know and the rumors are about the details not that fact that something is happening. The broad picture of what Elliott Management recommended Citrix to do was publicly stated in their letter back in June.

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| 664 views | | 1 reply (November 16, 2015) | Reply
Post ID: @OP+Eu2K59u

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No need to reconsider your career. You just need to do your homework, be one step ahead, and plan for turmoil every 5 years. That requires forego the notion you can make a life-long career at one company (specially in a tech-deficient place like South Florida.) And that has been the case for more than two decades. You have to be living under a rock to not know that. Adapt or perish.

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