Citrix cuts 900 jobs from global operations

Vendor expects to save up to $100m which will be invested in mobile and cloud tech

Citrix plans to get rid of 900 staff from across its global operations as it looks to boost its investment in cloud, mobility and networking tech.

The firm announced its intention to axe 700 full-time staff and another 200 contractors on a Q4 earnings call last night. According to Forbes, as of last May, Citrix employed just over 9,000 staff. Citrix said the job cuts will result in annualised pre-tax savings between $90m (£59.52m) and $100m.

US staff affected by the cuts will be notified shortly, while those in other regions will be told in accordance with local law and regulations.

"Over the last few months, we've simplified our software-defined workplace strategy, a unique perspective and approach that is resonating well with customers and partners," said Citrix's chief financial offer David Henshall, speaking on the call which was transcribed by Seeking Alpha.

"Internally this is driving organisational realignment, clarity and focus. In addition, the actions announced today will drive operational efficiency while enabling continued investments in the areas that will power long-term growth, such as mobility, cloud services and networking."

Citrix would not be drawn on exactly which areas of the business would be affected by the cuts but said the decisions made would be "consistent with the strategy that we have talked about to focus on core product areas".

For the three months to 31 December, net income at Citrix fell 31 per cent year on year to $95.2m on sales which grew six per cent to $851.4m.