Citrix, Tibco Layoffs: 5 Things To Know
Wade Tyler Millward
A person familiar with the situation tells CRN that cutting 15 percent of Citrix and Tibco’s workforce, which is what Cloud Software Group CEO Tom Krause has noted as the percentage of employees being laid off, comes to about 2,000 jobs.
15 Percent Of CSG Cut
Krause said that CSG cut about 15 percent of its workforce in an effort to make a more streamlined company with cash to invest in products, technology and acquisitions in an increasingly competitive cloud market.
In an online post Wednesday, Krause said that CSG cut redundant corporate roles at Citrix and Tibco and will invest more in “customer satisfaction” and product development—eliminating resources for “other nonessential areas.”
A person familiar with the situation told CRN that cutting 15 percent of Citrix and Tibco comes to about 2,000 jobs cut. The person called the layoffs the “largest Citrix has ever had.”
The source said that Krause—hired from Broadcom amid its bid to acquire VMware—sent an email Friday about layoffs happening Tuesday.
The source received an email from human resources Tuesday morning about getting laid off, with webinars all morning in shifts to explain next steps, the source said.