{"id":11692,"date":"2022-02-10T07:10:07","date_gmt":"2022-02-10T07:10:07","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/10\/citrix-reassures-staff-their-benefits-are-safe-the-register\/"},"modified":"2022-02-10T07:10:07","modified_gmt":"2022-02-10T07:10:07","slug":"citrix-reassures-staff-their-benefits-are-safe-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/10\/citrix-reassures-staff-their-benefits-are-safe-the-register\/","title":{"rendered":"Citrix reassures staff their benefits are safe \u2022 The Register"},"content":{"rendered":"

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Vista Equity Partners and Evergreen Coast Capital, the two private equiteers behind the plan to take Citrix private and merge it with TIBCO<\/a> have given assurances to Citrix staff their benefits aren’t in immediate peril \u2013 but warned workers on H-1B visas they’ll likely face a review<\/p>\n

The warning for staff employed on H-1B visas \u2013 the sometimes controversial permit that allows skilled foreigners to work in the USA \u2013 comes in an updated FAQ for employees<\/a> filed on Wednesday to ensure investors are informed about activities at the company.<\/p>\n

The document is largely unchanged from a version published on January 31, so the following explanation of the transaction’s intent remains in place:<\/p>\n

But elsewhere in the document, staff are told the master plan to deliver on the above is a work in progress. Here\u2019s the relevant section.<\/p>\n

Also unchanged are references to the possibility of redundancies, along with assurances that talented techies are in short supply \u2013 meaning Vista and Evergreen recognise the need to retain as many Citrix staff as possible.<\/p>\n

Which may be why the updated letter includes five new questions and answers pertaining to just what staff can expect once the transactions conclude.<\/p>\n

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