Future is cloudy at the Cloud Software Group
After months of speculation, job cuts appear to have commenced at the Cloud Software Group the company formed by the odd couple merger of Citrix and Tibco.
Tibco has been owned by Vista Equity Partners since 2014. In 2021 Vista swooped on Citrix with a $16.5 billion bid. Then it announced the two would be combined as CSG, with former Broadcom Software supremo Tom Krause signing up to lead the new entity.
The transaction concluded in September 2022 and speculation quickly emerged about job cuts. Which was not unreasonable, because when organizations merge they almost always have some duplicated back-office functions.
But staff at Citrix also speculated that some of its products could be axed, de-emphasized, or spun out, and that those actions could be the source of job cuts.
As the deal closed, The Register kept an eye on sites like The Layoff during the weeks after the merger concluded.
