InfrastructureUS

Citrix Layoffs

January 2023

Citrix announced a layoff affecting 0 employees (15% of its workforce) in January 2023. The company operates in the Infrastructure sector.

People Affected

Percentage

15%

Announced Date

Jan 10, 2023

About

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.