As per Times of India Report, Around 150 to 200 persons laid off in Bangalore. NetApp, a company synonymos with an awesome work culture will be giving 2 months' severance package and around 8 months of basic pay (Depending on the seniority level)
Othe companies like Juniper, Citrix Netscalar team are hiring. One Silicon Valley funded startup is also looking for NetApp guys. Check out this job http://goo.gl/1XBWlG
Citrix axed half their company last year and shrunk their number of buildings.
Not accurate (I'm a current employee of Citrix and ex-employee of NetApp). Citrix spun off the gotomeeting division. That division was making profit on its own, so the new company will not lose people (atleast no to start with, after that they are on their own).
Citrix did have a layoff, sadly. But the NetScaler division has been doing very well and was least impacted (almost no one in engineering actually, few folks in documentation and few in sales / support).
Citrix axed half their company last year and shrunk their number of buildings.