Extremely credible sources claim that roughly 1,000 employees were laid from all over the company, HOWEVER, Karen Master from Citrix's investor relations arm claims that "only about 50 people were laid off from the Raleigh office." Citrix, it appears, is clearly lying to, or at the very least, misleading investors. This is a textbook definition of securities fraud. Would love to hear some legal POVs.
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To the dope in this thread calling the Citrix securities fraud case a lie and bullsh!t, here ya go. Yesterday a securities fraud lawsuit against Citrix was filed in US District Court for the Southern District of Florida by one of the top securities fraud litigation firm's in the US:
https://www.google.com/amp/s/www.barrons.com/amp/articles/shareholder-alert-bernstein-litowitz-berger-grossmann-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-citrix-systems-inc-01637363743
https://www.google.com/search?q=Director%2C+Global+Security+Assurance+Citrix+linkedin
From an intern, fashion, to Director of Security. Yup makes sense
AR???
WOW.. I am honestly shocked that AR is a Director now after only 4 years with the company and absolutely ZERO experience. You can thank the former CISO SB and his former right hand MO -- who also had zero experience -- for hiring her... Funny.. SB seemed to have a knack for hiring bullsh*t artists. Remember that buffoon JV??
The only thing that AR was good at in my observations was kissing rear ends, socializing and handing our her dad's hand sanitizer.
What do you mean? The security community hour is a huge success where people can come together and share articles.
Its not the squirrel in combat boots you need to worry about its the 26 year old incompetent and once praised chief of staff to the CISO, AR in her newly minted role of Director of Governance Security and Assurance with zero experience in the domain. Very disrespectful to those that have been in the grind that now report to her.
I totally believe there could be fraud around Wrike. It was such garbage. I remember logging in the first time and laughed.
I was impacted and I know it was a larger layoff than they are saying. I feel it was around. 1,000 people total.
Citrix also rebranded a number of products as "Workspace" or considered them part of the Workspace bucket (like ShareFile, Workspace app, SSO etc.) and now I'm wondering if that was just to boost Workspace growth numbers to Wall Street. This fish stinks from the head.
I left of my own free will in October and I can confirm I was contacted by a lender firm based in the northeastern United States. I wasn’t sure if it was legit (they left a voicemail), so I didn’t return the call. I might now.
Ah.. the "citrix squirrel" who sat in that poor excuse for a "soc" playing with his multiple laptops...
"There are reports that over 1500 people or 18-20%"
Good... I hope some of them include some of the turds floating around in infosec, including the person who wears combat boots to work every day.
The person calling everyone liars says stop stirring $hit. Hilarious. I don't work at Citrix but I know quite a few people who did through industry partnerships and they were all contacted by said law firm by phone or LinkedIn shortly after they left. That is a fact. The likely reason no one is posting the name of the law firm likely because they prefer to not interfere with the firm's investigation. If anything comes of it you'll find out soon enough.
"Former employees" lol. This sounds like BS meant to stir $hit. Name the law firm.
Besides this, Raleigh is primarily the ShareFile/Content Collaboration product group. If they pulled 50 from Raleigh, then it stands to say that they're still invested in ShareFile.
Go away with these false comments with little fact.
There are reports that over 1500 people or 18-20% of the Citrix workforce are being laid off (I believe the process takes longer in Europe than in the U.S.). The severance budget is $90M.
That survey of "great place to work" must be the biggest fraud ever. Who conducted it?
The shareholders deserve an investigation into the ethics of the Wrike acquisition.
Can anyone share the name of the law firm?
Citrix Has a history of shady practices. I remember when DH took over someone said he was really good at bull sh-----g investors. I don’t know how people who weren’t laid off could stay. Run!!
I know many former employees who’ve been contacted from the law firm about securities fraud separate of the layoff as well. I can confirm what is being said above.
I am a former Citrix employee who left shortly before the layoff. I was recently contacted by a law firm investigating Citrix for securities fraud for reasons independent of the misleading layoff. There seems to be a good case against Citrix already, though will be interesting to see what comes to light in the near future.