Citrix Makeover: 9 Sweeping Changes Being Demanded By Elliott Management
9. Hire New Talent
Citrix has been struggling with a well-documented talent flight of over the last two years across all departments. Losing one senior manager after another makes it hard to control the impression that everyone is jumping ship.
Elliott notes the departures "have introduced uncertainty and instability into the organization." Cohn's letter references two of the departed managers, Sumit Dhawan and Bob Schultz, both of whom went to hated rival VMware.
Elliott Management claims the New Citrix Plan will help Citrix start winning back talented managers and engineers who have proven they have the skillsets needed to navigate fundamental changes, and who can impose "stable and confident leadership of its business units."
"Elliott is looking forward to working with Citrix to address its ability to retain and recruit top talent," the letter states.