Thread regarding Citrix Systems Inc. layoffs

Culling coming in December

The senior execs are upset the CTXS stock price has dropped to the exact spot from a year ago while the rest of the peer market has risen 70%.
This has severely negatively affected their bonuses and they are not happy.
The only way to get back the bonuses is with a massive culling across the company.
Insiders say a huge culling unlike anything seen in CTXS history is planned for December
Pray and good luck to all

by
| 3355 views | | 9 replies (last )
Post ID: @OP+17HP5eGE

9 replies (most recent on top)

How'd this prediction pan out? mo–n much? No layoffs in December...

by
|
Post ID: @Ynli+17HP5eGE

cost savings and employee reduction planned for emea. confirmed.

by
|
Post ID: @Tlwj+17HP5eGE

A large culling? Probably not. Instead, I’ve been hearing that the plan is to flatten the org and move to a vertical & geo model.

There will be large layoffs but they will be tactical so as to not upset the masses. Be ready for anything.....

by
|
Post ID: @Sjyp+17HP5eGE

Very unlikely for that to happen this year. We are still making money and many areas have surpass their goals already.

Next year may get scary mainly to the continuation of shutdowns due to covid and new policies that may come from the elect president. That will have a bigger impact than anything internal at Citrix.

Yet, Citrix continues to benefit from the stay at home practices from many companies but at the same time many of these customers will be force to significantly reduce their budget.

I think overall, we are in a better place than the other 90% of tech companies.

If anything the real damage will be seen by Q2 2021.

by
|
Post ID: @obhy+17HP5eGE

In the hallways of your house? Everyone is working from home. Stop spreading false rumors.

by
|
Post ID: @htve+17HP5eGE

I personally don't think there will be a major culling due to the fact the company hasn't made a big one for years. Those days are over...

But I am 100% sure they will continue to cut down, and it is an ongoing activity. It will happen but not like the old good days.

by
|
Post ID: @8njk+17HP5eGE

Fall is the best time for a good olde fashioned CTXS culling

by
|
Post ID: @1aeo+17HP5eGE

It seems inevitable to have a huge culling just before the holidays, like all the previous years....

by
|
Post ID: @1evn+17HP5eGE

I’ve heard this whispered in the hallways

by
|
Post ID: @upj+17HP5eGE

Post a reply

: