1. Tom Krause, Cloud Software Group
Cloud Software Group (CSG) is confirming layoffs impacting 15% of its workforce, including Citrix and Tibco. Tom Krause, CSG’s CEO, made waves this week by announcing the Citrix and Tibco layoffs in a blog.
CSG notified roughly 15% of the Citrix and Tibco workforce that their roles were eliminated or redundant as part of its planning process for the new company. Last fall, Vista Equity Partners and Evergreen Coast Capital completed their $16.5 billion acquisition of Citrix and combined it with Tibco, creating CSG.
Find out here how the Citrix, Tibco layoffs are part of the corporate plan.
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