Did not know we still have teams working on XenMobile. I think we are not even promoting XenMobile now to be customers.
It will be dead as dodo this cycle if Bob does what he said he’d do. Get out of it if you can and as fast as you can (talking of hours and not days).
What about xen mobile? I don't think we're innovating much there and it's already in maintenance mode
Agree with the previous post. It was clear in the message by the CEO too - anything not aligned to growth is a distraction. My guess is if it’s a legacy product and not growing in double digits number is at risk. And also for alignment to the strategy - VDI, ADC or Content will be the factor to decide what takes the hit and what survives.
My guess is there will be cuts in Sharefile, Podio, Right Signature, SD-WAN, ITM and on-prem solutions/teams that are no longer profitable (investment vs revenue).
What about sharefile?
ShareFile is the ‘Content’ in Bob’s message and is likely going to have minimal impact in the short term. Though it’s true that there has not been much innovation and improvements, and revenue is decreasing (courtesy largely to leadership ignoring it over WorkSpace since last few years as others have pointed), it is still generating revenue.
Long term the attrition of talent and apathy at leadership level for ShareFile remain the biggest existential threat. My bet is it will be sold/spinned off in a year .
It is pretty remarkable how many people get promoted to VP on the heels of subpar performance or even outright failures in their previous roles.
Well, it appears that the primary criterion for becoming (X)VPs was to have a SAFe certification. SAFe Advanced Scrum Master certification guaranteed promotion to SVP if not SAFe Agilist can land you a VP job.
On a serious note I believe if anything accelerated the mess we are in, it was the adoption of SAFe.
SAFe may be good for consulting companies where time & efforts are tracked, lack of creative people mandates setting processes like SAFe that encourages micromanagement and spoon feeding, and above consensus is a necessity to manage client's expectations.
However it is ineffective for any product based companies and does a big damage, as we already see with Citrix too. I understand that it's easy to call out any thing when some thing fails but thats not the intent. Many of us really saw the decline in real outcomes and positive behaviors in team members since after we adopted SAFe.
Consider this, everything looks great on PI program board with high-fives done and consensus made for winning the PI, and later these there is a drive to grab accolades at the end of PI for successful execution. But in reality we have much lesser outcomes quarter after quarter since we adopted SAFe. It is an expensive framework, which only helps micro management (there are some folks who wanted it), encourages behaviors that about self proclamation, but decreases agility, innovation, ingenuity in any organization.
Has anyone in leadership wondered why Tesla, Google and many other successful big but agile product companies aren't doing SAFe?
I feel that a few program managers have single handedly taken the company to a disaster and has led to multi billion dollars of net loss .
When are those culprits getting fired?
What about sharefile?
I feel that there is a big risk for teams associated with Podio. Podio is not aligned to ADC, Content or VDI and has huge overlaps with Wrike.
We already made ONE big mistake with the expensive Wrike purchase for $2.25B. Wrike is likely to continue to get the investment the interest company has on Wrike, and the size and functionalities compared to Podio. So I feel Podio is going to be ki---d.
It will be absurd if the leadership continues the redundancy of keeping both Podio and Wrike. It’s does not financially make any sense and Bob was probably referring to these as distractions.
Many people have warned us over a longer period of time.
High performers have been leaving the company during the last two years.
It started with impossible to reach plan numbers...and then the domino effect.
Incompetent leaders entered the space while the good once left....
These are all warning signs...
Cut will happen across the board but some products and locations will be hit more. You are at risk for next 6-8 months if
Any info on which areas or teams are getting impacted?
No one is here to convince you. If you don’t want to believe, you shouldn’t.
But these drastic measures are necessary to keep the company floating. Last few years has been a mega disaster due to incompetency at all leadership level. The outcomes from the Citrix despite having the advantage of technology and domain know how to succeed during pandemic has been far from even ‘okay’.
Unrealistic to cut that much and still grow the company.
As far I am aware (info from a reliable source) it will done in phases, and the overall aim is to reduce the workforce by 15% ie; to ~8000 employees.
US will be hit the highest with 25% reduction overall. Over the first half of next year, 1 out of every 4 role in US will be moved to low cost centers.
Read this thread that had some mention before the CEO’s announcement about restructuring: https://www.thelayoff.com/t/1dBi1k3s
Any guesses on the % of cuts on Nov 17th and which areas are being targeted first?
Will this be a dept by dept "restructuing" through early 2022 to avoid WARN rules?
The sudden Nov 8th vaccine announcement change from legal earlier this week was interesting timing. That would avoid severance and probably WARN issues under the guise of Govt Contractor compliance for a chunk of the planned cuts.
With that now moved back a month+ due to the Jan 4th Slow Joe exec order update wonder if that impacts the timing and level of cuts that will come down on Nov 17?
Who would of ever thought 3+ years ago when Citrix employees were warning customers to be prepared for a disaster aka a situation where employees would need to work from home then a world wide pandemic happens but Citrix sinks. It turns out customers don’t need Citrix. This pandemic has proven Citrix can’t do what it’s core mission is. They didn’t innovate. There are other companies that continue to beat revenue expectations quarter after quarter. They aren’t a virtual desktop company. Very bad leadership fir many years at Citrix!
It is pretty remarkable how many people get promoted to VP on the heels of subpar performance or even outright failures in their previous roles. It's no wonder Citrix is in this situation with a leadership team that isn't actually accountable for being successful.
November 17’th 2021
A company’s success is directly related to the level of leader it hires or promotes. Citrix has done a pathetic job with many leadership roles. Having wrong leaders at the top always lead to incompetency to build up all the way down the chain.
90% of the leaders in my org from SVP to first line managers are also useless. Other than tall talks, they don't have anything concrete to show as results. If it was any other company, I would be surprised if any of these could have kept their jobs after a year of outcomes. But at Citrix they are flourishing and some of them are getting double promotions for talks and no walks.
Now the hard working employees will pay the price for many such missteps by the incompetent chain of DH.
But, this is not going to fix the issue. You need to clean sweep the incompetent leaders to fix it, Bob.
Yikes that earnings call was rough today. Citrix admitted they have unperformed for several quarters and that restructuring will occur in Q4. I feel bad for all the good people at Citrix that was sold a good vision by a bad leadership team!
Has anybody had confirmation that it will be on the 17th of November or is this mostly speculation due to the fact that the all hands is on the 18th?
End of Q4. So, December sometime
17th November!