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.