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back to article Citrix – Sorry, we didn't realise job cuts would knacker results

Citrix dropped the ball in Q1 by underestimating the short-term effects of chopping hundreds of staffers as part of a company-wide restructure, and the challenge posed by the swollen dollar. The firm previously warned shareholders and Wall Street analysts a fortnight ago that sales and earnings per share would come in lower …

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  1. DNTP

    $28.8m, versus $55.9m last year

    Management Exec: "Any job being done here by two people can be done instead by one person for half the money!"

    Investors: "You didn't tell us that the 'money' in your proposal was the PROFITS, not the payroll expenditure!"

    Exec: *WOOOOOOSH* *CA-CHING* (goldenparachutes to another job before SHTF)

    1 0 Reply
    1. Tom 35
      Reply Icon

      Re: $28.8m, versus $55.9m last year

      But cutting jobs is always the magic way to maximize shareholder value. Maybe they need to cut more, or maybe buy another company, then fire more people.

      2 0 Reply
      1. Captain DaFt
        Reply Icon

        Re: $28.8m, versus $55.9m last year

        This type of thinking always struck me as the farmer that claimed, "This tree would support so much more fruit if I cut off all those useless roots."

        1 0 Reply
  2. Anonymous Coward
    Anonymous Coward

    Welcome to the Busch League!

    This company has been a joke for several years and will continue to go downhill. The senior management team has no experience or skill to run a company like Citrix. So, grab your popcorn and enjoy the show! The ship is going down!

    0 0 Reply
  3. happycamper247

    I'm glad that people are finally starting no notice the game of charades that this company is playing.

    0 0 Reply

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