Anyone would care to chime in with a prediction about potential Citrix Systems Layoffs 2020? Any news or rumors?
5 replies (most recent on top)
Unless there's some major financial collapse at the company level, which is highly unlikely with the current faction of miser-like, penny-pinchers running the show, or a global economic downturn – the days of "mass layoffs" are over. It doesn't fit into the corporate narrative, and the Elliott Management team needs to find a way out of the investment it made 4+ years ago. Volatility, or the perception of such, doesn't fit into anything Citrix/Elliott is trying to accomplish. The ELT isn't stupid, they're just elitist jerks. A "regrettable 3% attrition" is the new black.
Small layoffs have been happening @ Citrix during the last 15 years and also in any other major companies , nothing abnormal here, i worked at MS and Cisco and it was also the same pattern
Small layoffs have been happening every month. Citrix no longer does massive layoffs. In GTS 6 people were let go in July. 2 Weeks were some were let go in Finance department. None of the IT Project managers that were here last year are currently here at Citrix. Yes there are no massive layoffs but Citrix has been steadily firing some and hiring few people.
Best calculation made me laugh way too hard! Just to show you how dumb the stupid posts are while Citrix stock is flying high.
very easy to calculate: Check the post about ' Boxes in conference rooms ' and use the following quadratic equation :
S = −b+Gb2−4 (a x c2- (a−b−Gb2)−4 a x c-2 /a
Where a= ' nb Boxes in conference rooms ' b= 'nb of conference rooms' c= 'Nb of offices' g= 'nb of countries '