Thread regarding TIBCO Software Inc. layoffs

So... what?

A few considerations to make after this funereal all hands.

Patronizing people to return to office because "it's better for them", while being a person that prides himself on making data-driven decisions, tells me this fellow doesn't have much of a word. Using the argument "that we are all adults here" to justify such action, is a paradox. We are all adults here, and we know what's best for us on an individual level. We shouldn't need you to tell us how to feel about covid, or tell us how to make our already complicated daily routines work for us. This sounds to me to be more about supervision than anything else.

TIBCO had a great run the past couple of years, great CEO, and was doing well financially. Vista must hate TIBCO. They have held on for too long and instead of giving us a nice exit, used us as worthless financial leverage to close this massive junk merger. Now we have to pretend we are a failing business together with Citrix and adhere to an authoritarian approach of leadership. We learned from Dan a great example of empathetic leadership. There was a sense of belonging at TIBCO. What we saw yesterday was just sad. I'm sure Citrix folks feel the same.

Perhaps he has not led a modern software business before, but throwing two modern software companies back to 1998 in such a violent authoritarian leadership manner, cannot lead to anything good. Sure, maybe the company will be successful in the long-run, but who cares, if we are all gone?

I will wait to see how things play out, but this is not a company I want to work for. ELT has 16 men and 2 women as well, we are back to the 90s.

by
| 4353 views | | 11 replies (last March 1, 2023)
Post ID: @OP+1j3emFJs

11 replies (most recent on top)

Maybe the RTO thing is a smokescreen, so we focus on that instead of the real problems

by
|
Post ID: @2nsef+1j3emFJs

If you're still at TIBCO, and you have been at least 3 years, you have to agree... feels weird, I mean, Tom B is still there... and I don't mean to rant, but did he not realize what he was getting us into when agreed?
We've been told this fantasy for years now that VISTA spinning us, that 5 years was more than their average... "might be an IPO"... Then we get rumors in 2019 that Broadcom wants to buy TIBCO (google it).
The deal doesn't go thru, we try to aquire blue prism, doesn't go thru, we acquire IBI for like a billion... then the former Broadcom Ceo becomes Ceo? What a coincidence... We merge with a 4+ billion valuation in 2022, when Vista bought us out for 4.3 million back in 2014?... so even after aquisitions (jaspersoft, statistica, IBI, etc.) we had a lower valuation than what we were bought for in 2014? (article link below)
If that's true, how does that make sense? And we are merged with a company that has billions in debt? Have we all lost our minds? I hope vista executives sleep well at night, we surely don't... either I'm extremely stupid or we've been gamed, either way, seems like both citrix and tibco are totally adrift. Sad to see so many talented colleagues leave, but sincerely happy for them.

https://www.ft.com/content/ceff8fd1-a3ef-4bce-9955-59a74bc0d226

by
|
Post ID: @12amp+1j3emFJs

ex-Broad-CON and CA guy here... Herr Krause is Hock Tan Jr. Same scorched earth playbook. And yeah that comment is absolutely do as your told or GTFO. You see, these guys view employees AND customers as a LIABILITY. So reduce everything to lowest common denominator. And you know what, that's what happens in commoditized domains. Let's face it, a lot of enterprise tech is commodity.

just look at the CA page and VMW pages, same old story. that's what your future looks like. Would not be surprised if Tan acquires you guys 2-3 years from now.

Bottom line. If you're under 50, get out while there's something left of a job market. If you're 60+ hang on as he may provide some great financial incentives.

by
|
Post ID: @Vlyf+1j3emFJs

This post summarizes it. So sad that vista did this to us. No shame

by
|
Post ID: @Vens+1j3emFJs

It's a joke of a company now. Get out while you can. Total layoffs will reach 3-4k very easily

by
|
Post ID: @1umy+1j3emFJs

Bad leaders still exist. TK is not alone https://vm.tiktok.com/ZMFFwXQgs/

by
|
Post ID: @jlb+1j3emFJs

Citrix person here. Agree 100%. This is all a ploy to abuse, demoralize, and bully until we quit so they can steal our money. It’s all a giant, legal ponzi scheme. We all know a huge portion of us are going to be laid off in the next few weeks and months, yet every all hands meeting starts with what a great opportunity this is for us. It’s not tone deaf, it’s absolutely intentional. It’s immoral and it’s disgusting. We used to pride ourselves on being a family at Citrix. Now we are under the helm of a serial abuser.

by
|
Post ID: @yfx+1j3emFJs

Citrix folk here. Yes, we all feel the same as you, word for word.

by
|
Post ID: @dpe+1j3emFJs

Krause inadvertently let the cat out of the bag regarding what he is doing. When someone asked a question about having a holiday party, and he joked "Am I invited?" Yeah, ha ha, but he knows very well that he's here to be a bully and disrupt everyone's lives.

by
|
Post ID: @uzx+1j3emFJs

Vista and TK think of themselves as Masters of the Universe. All that matters is making as much money as humanly possible. Nothing else. Like George Carlin said, "It's a big club and you ain't in it."

by
|
Post ID: @ghu+1j3emFJs

"We are all adults here" is code for "I'm in charge and you'll do what I say if you want to keep working here." Yes, quite an adult attitude.

If the overwhelming evidence was that WFH is unproductive, then fine, but that is simply not the case. The reasons for RTO have nothing to do with productivity, but I guess "complete transparency" doesn't apply to everything.

by
|
Post ID: @jbb+1j3emFJs

Post a reply

: