Thread regarding Citrix Systems Inc. layoffs

Congratulations! We did it (CTXS is <100)

The results are out. Market never lies. Congratulations leadership, on the amazing achievement and ruining a great company. The conservative and lower than last years’ target is also missed. WTF!!!

For heavens sake, don’t bankrupt the company and course correct before it’s too late. Don’t sugarcoat the bitter reality anymore.

Here are few obvious things to do -

Fire incompetent managers, who have done nothing but taken the company to a disastrous path. We don’t need talkers but doers. Many great employees have left due to toxic env created by few. Fix it before others are gone too.

And if anyone from board is looking, start by firing DH. The accountability starts from the top.

Relook at our strategy. A few folks are driving Workspace vision just to satisfy their ego, while in reality there is no future for this vision. Workspace is a futile idea and at best will ki-l our legacy products too. Stop Workspace right away and redirect the focus to make established products better. Enough is enough is enough !!!

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Post ID: @OP+1c4WIz5a

7 replies (most recent on top)

Anyone know why the bonus went into buying another company while CEO cashed $1.6m in stocks before the stocks took a dive?

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Post ID: @tlvr+1c4WIz5a

Elliott Management cashed out during Q2 - 2020, and as predicted by many employees left a mess after them.

Now the existing investors will have to clean up the mess..

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Post ID: @1mrw+1c4WIz5a

Wow, what a disgrace. How could a company that promotes remote work during a pandemic NOT knock it out of the park? Glad I sold my stock when I did, albeit for what I considered a low point not that long ago. I was concerned it would go lower than $100, and here we are...

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Post ID: @gaf+1c4WIz5a

Fantastic, this ship of management fools has FAILED spectacularly.
Fire all the management especially the over bloated, d-mb and in-cestuous VP layer along with all their cronies.
Judgement day is here...

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Post ID: @kgj+1c4WIz5a

Let's revisit the poll, some words of wisdom there with the strategy:

https://www.thelayoff.com/t/1b8HERPL

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Post ID: @tgc+1c4WIz5a

Two words - Elliot Investment Management (oh, that’s three).

Their handy work has destroyed this company.

Bring back Mark Templeton or someone of his stature or it’s over.

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Post ID: @wgl+1c4WIz5a

Well said layoffs are coming that's how the top trys to fix this every time.. Chop off the top!! Elliott tried made it worse and didn't finish the job..

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Post ID: @hyv+1c4WIz5a

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