Thread regarding Citrix Systems Inc. layoffs

Layoffs are happening right now.

Citrix culture died in the first layoffs. It's been downhill ever since.

Any guesstimate on the cull percentage in FTL?

If the pay off is good then I’ll be glad to go. I haven’t felt comfortable in Citrix for several years since they began carrying out lay offs every few years. You sit there working your a-- off not knowing if you’re going to be there in 6 months time. All the while the CEO pockets $35m for less than 2 years work and Bob Calderoni sticks his snout into $20m last year alone.

Won't such a thing be in contrast with David's statement that there won't be any big event if layoffs?

Some people are asking who may be targeted. I personally don't know but as we saw in 2015, it's everyone. Nobody is safe and it also doesn't help to stress about it. Update your resumes and setup your game plans. This is how it is and it's not personal. The severance will help and the economy is strong. Jobs are out there. Everything will work out. That's just life.

Are any particular departments being targeted? Or is it a general kull so we can afford to keep paying the board members rick star wages?

They are coming in October. Sadly it's not rumors as you will see in the next 7-14 days. . I can confirm that as someone who has been in those discussions as well. It's part of any business and should be expected at any corporate company. Multiple offices will be affected so just sit tight which is all you can do.

Please Don't spread rumors, Citrix is perfectly fine company.

Layoffs are definitely coming. The question is the same, "who will it be this time around." Will it be the "bottom performers?" Will it be "last in, first out?" Will it be someone from the "legacy good old boy/girls club?" Who? If anyone knows how decisions are made at Citrix, it will be the folks who are the hardest working. Those who are part of the "circles" will survive. That's what history has shown us at Citrix. Nonetheless, everyone has an expiration date so it's only a matter of time before those circles break apart. Citrix will soon be brought out so those left behind will be in the unemployment line soon enough.

Big Dave only needs to last another 17 months to get his $35m pay off if Kiril is anything to go by

boohoo, the bottom 10% get cut...evolve or die

You are all f---ed! F---ed I tells ya!

Meanwhile, I will live like a Demi God

Regards,

DH.

I think so. More that it would be ongoing and not a single event.

Didn’t Henshall specifically state there would be no big lay off event?

Until facts can be mentioned, don’t believe a word of this

any particular departments been talked about?

FYI, this is happening all over the place, in companies everywhere.

Spend some time on "Latest Posts" for a very eye opening experience. You will see your situation is not unique, and is in fact the norm since 2017.

The world is changing, the good times are over. Only question is how long it takes to reach your individual doorstep, but it will..it will.

I concurred with your sentiments until you started praising Henshall. Henshall is instrumental in Citrix’s demise and perhaps the one who stabbed Mark T in the back.

It makes sense to leave the sinking ship. The fact that Carlos Sartorious is retiring means that the wily old fox believes that he can no longer flog the increasingly useless software. Carlos is an astute and cunning fellow. The heavy discounting over the past few quarters indicates that Citrix just wanted to make some good numbers to prop up the share price at the long term expense of the company and people.