layoffs started in marketing last week. many more layoffs to come.
Anyone over 50 yrs is being targeted for termination.
This is a post from @Ybcq1k8-6gpl . Is this really true? Can anybody confirm this as a fact? What numbers are we talking about?
19 replies (most recent on top)
The post that’s states “The more I learn about Sapho and its $200M price tag, the more I'm sure it will end up in the bin just like other failed acquisitions such as Bytemobile ($400M), Zenprise ($325M), Cloud.com ($200M), Netviewer ($110M), Sanbolic ($90M), Ringcube ($32M), Apere, Virtual Computer, the list goes on....”
I wonder who’s making these bad decisions. Hundreds of millions of dollars wasted. Thais is why they hav two lay people off so often because of the bad Investments. So sad.
I know of two people just laid off from the Channel org - one last Friday and one yesterday. One of them a Sr. Mgr and longtime Citrite. There may be more for all I know.
TM Marketing genius, "We're in the business of YES"
To be fair the team that did the rename deserved to be shot not just laid off. So much work to no effect and what now the next six months changing back? So a year with rubbish search and confusing names which could have been spent writing new doc rather than cut n paste names :-( but those higher should go to for allowing.
So much fake news here and the register bought it per usual.
@YhGwm26-3mvp, you have no idea... It's all in here...
https://www.sec.gov/cgi-bin/browse-edgar?CIK=ctxs&owner=exclude&action=getcompany&Find=Search
https://wallmine.com/nasdaq/ctxs/insider-trading
Tclaburn's article in the Register is quite accurate. Unfortunately for Citrix, it will take a lot more than Sapho and Citrix Analytics to compel customers into moving from perpetual licenses + SA/SWM to annual subscriptions.
The more I learn about Sapho and its $200M price tag, the more I'm sure it will end up in the bin just like other failed acquisitions such as Bytemobile ($400M), Zenprise ($325M), Cloud.com ($200M), Netviewer ($110M), Sanbolic ($90M), Ringcube ($32M), Apere, Virtual Computer, the list goes on....Citrix again paid way too much for a very immature product and business. It's amazing how successive management teams keep making the same mistakes.
Citrix is getting squeezed by Microsoft, Vmware, and Amazon and revenue growth rates are in danger of going negative.
The top execs are milking Citrix for about $10 mil each a year. All they care about are stock buy backs to help boost the price.
Very simple. Christine was mistaken in changing product names but Barry and Tim had the power to stop her and did nothing. Tim is not fit to be CMO and is only there because of his friendship with Bob Calderoni. There are many other incompetent senior people in Marketing that are legacyfrom years past and a lot of great people that were not give a chance because the company is all about friends of Innovex or ex Ariba... citrix does well because the product is excellent despite all efforts to f--- it up. Company shoukd focus on core solutions divest of fat (sharefile, podio) and really power up some R and D investment... makes too mich sense
Not many are going to risk weeks of garden leave.
Of course they are not going to comment. If anyone was let go they got severance package and would have to have to have signed an NDA.
Of course the ceo is mot going to comment because if he did confirm he would be contradicting what he told us after the last large layoff when he told us not more layoffs.
@YhGwm26-2rjd Tclaburn from the register, I suggest you vet the hell out of anyone that reaches out to you. 90% of the posts on this board are trolls or disgruntled ex employees making up fantasies. A post the other day claimed 15,000 people were getting laid off. The problem is Citrix only has about 9,000 employees in total.
https://www.theregister.co.uk/2019/03/29/citrix_layoff_claims/
Was the team fired because they let someone else get the citrixadc.com domain? LOL
Anyone with direct knowledge of these layoffs is welcome to get in touch with The Register.
tclaburn (at) theregister (dot) com
Christine Harkin was responsible for the branding reform that killed the NetScaler name. This was highly unpopular with the user community and the product team. It resulted in generic and names like Citrix ADC that didn’t convey any identity and destroyed 20 years of good will. Her initiative resulted in product marketing spending countless hours redoing documents instead of creating new work. Her entire team was a drain on the company. One has to wonder if Tim Minahan is on the way out since he supported this disastrous project.
In marketing the entire Christine Harkin team was eliminated for starters. She had eight direct reports and they were all layedoff. They consisted of two directors and six analysts across FTL and SC. All of them were over 40 and were let go.
Others in marketing at Raleigh FTL and SC were layedoff in this batch. All in all at least 100 across marketing will be terminated.
They will then move to all the other organizations.
The Vice President of Marketing for Networking, Analytics and Security was laid off.
I know of 2 white men over 50 in marketing who where laid off this time and 5 more who were laid off last year. There are very few left.