Thread regarding Citrix Systems Inc. layoffs

Elliot is back?

Hearing that Elliot is back and demanding increasing valuation and stakeholders returns, again. Is it true or rather a gimmick to improve the stock price that has taken a beating over the last few quarters?

If Elliot news is true, it brings back the painful memories of the past for employees. I am afraid the other recent posts talking about layoff will indeed become a reality.

I can only hope incompetent leaders are shown the door before any employee is impacted, as improving profitability almost always equates to mass layoff.

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Post ID: @OP+1cJWfDVj

5 replies (most recent on top)

Well, one highly incompetent leader (HIL) in my org has repeated failures as outcomes - slow pace of innovation, decline in product quality - every product the HIL owned, slumped big time, massive attrition of talent in tune of 16-18% with many top talents leaving in frustration and openly ki----g diversity - 90% of replacement hires are from a particular race. But the HIL is good at singing SAFe song and drumming culture BS, which is enough to cover for the incompetency.

A company’s result only rises to the level of leader it invests in. Unfortunately Citrix has done a poor job with many critical leadership roles. If it was any other technology company, I would be surprised if the HIL could keep his place for more than a month before getting exposed of the level of incompetency.

But who cares here? The price can and shall be paid by slashing hard working employees. This will make the shareholders and Elliott happy for next 2-3 years. Till then HIL continues fooling around after which the cycle repeats again.

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Post ID: @3oip+1cJWfDVj

Good times with massive layoffs are coming to this den of fools
Hope to get a good package this time

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Post ID: @1psh+1cJWfDVj

The market has reacted well to this news. Shareholders rejoicing, and stock up by 8% in early hours.
Minus 20% looks like a certainty :(

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Post ID: @mpp+1cJWfDVj

They never lay off the lions, only the lambs and it's probably coming with Elliot sharpening their axe.

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Post ID: @ylh+1cJWfDVj

CNBC ran the same story, source Wallstreet Journal: "Elliott Management Has a More Than $1 Billion Stake in Citrix Systems".

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Post ID: @thx+1cJWfDVj

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