Thread regarding TIBCO Software Inc. layoffs

Bonus preview - screwed again

Not sure how many of you TIBCO people have heard about what CSG is doing to our bonuses. It was discussed yesterday in the all-managers call.

Management and the board have decided to award us 53% of the target bonus. You read that right: 53% of our bonus when TIBCO itself had a great year. CSG's excuse: Citrix did so poorly that it offsets TIBCO's performance.

Think about that for a second. TIBCO management set targets for TIBCO employees in December 2021. Later, we are merged with a bigger, failing company. This merger has been so mismanaged that the two companies are still operating mostly independently. So why even consider Citrix's performance? Even though TIBCO people worked their tails off to meet targets, we are punished for an acquisition that is completely out of our control.

Here's the kicker: CSG will reward us the 47% "balance" of the bonus if we are still employed by the end of FY '23, regardless of performance. Isn't that nice! So they basically admit you've earned that entire bonus, but it's being withheld until they decided you're actually worth keeping around. Tony Gomes had the gall to act like this was generous of the board. Expect a lot of layoffs in October I guess. And the people who worked hard in 2022 get laid off with half of what they're entitled to. This should be a class-action suit; CSG is unilaterally placing ex post conditions on the agreed bonus.

I actually deluded myself into believing TK's BS that the people who remained at CSG would be rewarded. Just more carrots and lies to string you along.

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| 4885 views | | 16 replies (last April 4)
Post ID: @OP+1kGWIjZz

16 replies (most recent on top)

horrible company run by horrible people especially the CEO

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Post ID: @6Dqea+1kGWIjZz

I commented here last year about the awful things I witnessed in my time at Tibco and got flamed by people. Everything is fine, everything is amazing, you must have been fired etc. Do those people still feel the same way now?

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Post ID: @slzu+1kGWIjZz

It’s a lie and TK even said himself we aren’t going to be transparent on the numbers. Citrix was tracking 125% on the VCIP plan after Q2 and everyone in sales was over plan in Q3 and Q4. They had to cut bonus due to cash flow for severance. They also saved a ton not paying the laid off employees their bonus. Bonus is never guaranteed.

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Post ID: @ekfk+1kGWIjZz

I can't speak to the rest of the world, but Citrix North America achieved 101% of it's sales target. So if you are being told that Citrix dramatically under-performed it would have had to come from the other regions.

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Post ID: @aciu+1kGWIjZz

on our first all hands with the all mighty leader he showed us both tibco and citrix were above ebitda for last year. there is no justification for this. they have simply taken it from us because they can.

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Post ID: @9szj+1kGWIjZz

@9iwt+1kGWIjZz Citrix employee here. So far they have told us nothing. VERY little communication from the top at all, except to crack the whip and make threats and talk down to everyone a few times.

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Post ID: @9jpw+1kGWIjZz

So here is a question, what is CSG telling Citrix employees about how TIBCO is doing?

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Post ID: @9iwt+1kGWIjZz

I can’t say how things ended, but I do know at the end of Q3, Citrix was above plan.

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Post ID: @6zcr+1kGWIjZz

Certain BUs and regions came in at 300%+ of plan from Citrix... you're being fed a crock of sh-t if that is the line.

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Post ID: @6esh+1kGWIjZz

Is it legal that they will withhold our bonus until end of 2023? They have scammed us, must be sleeping so well with their millions of dollars. Appalling to say the least

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Post ID: @5wxb+1kGWIjZz

Officially confirmed. They will get a lot of resignations

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Post ID: @4ndn+1kGWIjZz

Yes, TIBCO had a company-wide annual bonus depending on how the year went.

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Post ID: @2jwj+1kGWIjZz

Think about the previous CEO. Nice guy, cared about employees, promoted company culture, interested in good causes, a veteran. Nobody ever said "that guy is a jerk." Now think about the current CEO. I will bet that even his wife barely tolerates him. Nobody respects him, and a lot of people despise him. If only the Ghost of Christmas Yet To Come could visit him.

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Post ID: @1fvs+1kGWIjZz

Gomes is one of the cretins who feeds you sh#t and expects you to like it, while he's eating caviar.

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Post ID: @1qzy+1kGWIjZz

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