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Citrix Cutting 900 Jobs Worldwide


Citrix will lay off 900 employees across its offices around the world, a “restructuring” in the face of projections for decreased revenues, executives told investors this week. The tech company — which had more than 9,000 employees at the end of 2013 — will cut 700 full-time jobs and 200 contractor positions, and also plans on reducing its number of leased buildings. A company spokesperson declined to comment on how many of the 600 Goleta-area employees could be affected and if any of the facilities here would be consolidated.

The cuts will make way for a focus on three branches of Citrix products — Workplace Services, Delivery Network, and Mobility Apps — and save the company money as it anticipates a drop in revenues for the start of 2015 compared to the end of 2014. The last quarter of 2014 brought in $851 million, a slight increase from the previous quarter; the first quarter of 2015 is expected to draw up to $790 million. Executives estimate the restructure will provide $90 million to $100 million in pre-tax savings. The top brass said they will distribute approximately $50 million in severance pay.

Last March, 65 employees within the company’s worldwide online-services division lost their jobs. How many were cut from the Goleta offices — whose focus is solely on that division — wasn’t disclosed.



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