Thread regarding Citrix Systems Inc. layoffs

Really bad execution of the layoffs at Citrix. "Leadership" ignores questions around the restructuring and is busy distributing lies to the field in order to justify their actions.

Many people I've spoken too, couldn't be more frustrated about their workplace.

There's a mood of:

"Offer me a package and I'm out of here"

"I just sit here with minim effort and take all money I can grab"

This is shocking, for all people know how engaged, loyal and proud Citrix staff always have been.

While not everything was running perfect at Citrix in the past, Elliot basically destroyed this company in a couple of month.

My lessons learned; For my next job in addition to the actually work, the team and the products, I'll do a investor check... or may be go back to a startup / private owned company.

They were let go because Sydney was the highest cost per head. Not to mention the real estate expense. The Linux VDA was suppose to be ready almost 2 years ago. They failed to deliver for over a year after promising. Still not ready.

I heard they just laid off the whole Linux apps and desktop engineering team, which was gaining some good early traction with customers. Just wiped out all Linux expertise. Happy days for VMW.

I believe Elliot also have an interest in VMware...I wonder if they're Grinding Citrix into the dirt so that VMW becomes the only real option in this space. Or maybe Mr Dell is behind all of this, does he have any relationship with Elliot? Either way , inflating the VMW share price helps Elliot too.

I believe Elliot also have an interest in VMware...I wonder if they're Grinding Citrix into the dirt so that VMW becomes the only real option in this space. Or maybe Mr Dell is behind all of this, does he have any relationship with Elliot? Either way , inflating the VMW share price helps Elliot too.

This company won't be around anymore in few years.

I hope this clarifies a thing or two: Vulture firms are after CASH FLOW, plain and simple. They buy companies with loans and they do everything possible to extract cash flow to be able to service the loans. As time goes on they load companies with debt which in turn they use to pay themselves (there is a number of financial tactics that can be deployed to turn borrowed money into payouts for them). Citrix, with a broad and captive customer base is a perfect cash flow engine but they need to take care of the expense side in order to free up as much cash as possible. You should be able to figure out how the expense side works at Citrix, a huge majority of our costs stem from labor expense - so, let's hit R&D, hit development, support, sales, etc.

In short, Eliot is not here to grow sales and build the company - this is a 3 to 5 year gig for them and they are really just interested in cash...

Hard to say where the information is coming from, but it makes a lot of sense. Elliott is not a software company, they are an investment firm. they aren't trying to build the software, they're only interested in pumping the stock price up and getting their money. they're going to do this focusing on operations. read their letter again and you'll see Nov-Jan changes are just a top of an iceberg.

the stock market is going down. the GoTo spin-off will push the Citrix stock price down much more because we're splitting, not selling. to deliver on their promises, Elliott will have to speed up and push harder.

If this is really true (and glassdoor and sites like this will lay it bare)...why would ANYONE work for Citrix? Especially in tech when there's a battle for talent.

Last few times, a bunch of our best people left a few weeks after. Had stuff lined up thought would wait for the chance of a pay off. Can't see why the good men who can get another good job would stay around to do more with fewer people of lower quality.

Where is this information coming from? I smell something

Wouldn't it be great to have access to the parallel universe where Elliot never had any involvement in Citrix and compare how they did in 5 years time.

In this type of situation I think the entire global workforce should down tools for a week or two to show these bully boy investors that the real value of every company is it's employees. A couple of weeks of zero productivity, lost customer trust and investor panic would soon make them realise where the true value of each company lies.

I was cut last year (seriously no hard feelings as I pocketed my severance took 3 months off and then started a much more rewarding role), but at the time I had a full calendar and was involved in an area of the business that had brown from 15 to 50 million inside of three years. Sometimes there are good reasons to trim the workforce but I would not count much of what Eliot is doing as particularly constructive. The requirement for Windows desktops and apps are dwindling year on year, eroding the Citrix value proposition and I don't see any real evidence that concentrating on 'core', instead of investing in new technology streams that will deliver a longer term future, is a great solution.

I worked for a company 15 years ago that had a monthly RIF for nearly 2 years. Morale and trust were destroyed, no-one did anything more than the absolute minimum required an it became a miserable and soul destroying place to be.

......but I'm sure the investors were as happy as pigs in doodoo.

Where did this information come from or just guessing ?

This is great news (said noone ever)