Citrix

Cloud Software Group (CSG), the parent company of Citrix, has laid off approximately 1,000 employees, representing about 12 percent of its global workforce, as part of a streamlining effort to build a stronger foundation for future growth. CEO Tom Krause announced the cuts in a LinkedIn post, noting that many of the affected roles in operations, security, and IT functions are expected to be rehired by partners in an outsourced capacity, potentially impacting around 500 individuals. This move follows a previous 15 percent workforce reduction a year ago and is aimed at simplifying internal processes and better aligning resources with business unit strategies. CSG, formed in 2022 through the merger of Citrix and Tibco, operates in the enterprise software industry and serves over 100 million users globally.

Cloud Software Group, the enterprise software company formed by the merger of Citrix and Tibco, has laid off 15% of its workforce, affecting thousands of employees. The layoffs, confirmed by CEO Tom Krause in January 2023, are part of a restructuring plan following the company's formation after private equity firms Vista Equity Partners and Evergreen Coast Capital took Citrix private in a $16.5 billion deal. The move is aimed at cost-cutting and streamlining the combined entity in the competitive enterprise software industry.