A restructuring at Citrix Systems will result in the elimination of 1,000 full-time and contract positions, the Fort Lauderdale-headquartered company announced Tuesday.
Citrix will spin off a group of its best-known technology tools and exit other businesses. The layoffs and other restructuring actions will take place in November and January, Citrix said.
Citrix didn't say how many jobs would be affected in Fort Lauderdale. Spokeswoman Stacy St. Louis said Tuesday that she could not disclose further details.
The 26-year-old Citrix is one of South Florida's largest technology companies with 1,700 employees in Fort Lauderdale alone. The company has 9,100 workers worldwide.
Besides Fort Lauderdale, the company has major operations in Santa Clara, Calif., and Raleigh, N.C., as well as sites worldwide.
The spin-off, initially urged by a hedge-fund stockholder, includes GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Grasshopper and OpenVoice. It will be a tax-free spin-off to shareholders in the second half of 2016. Citrix said it also would eliminate, exit or phase out other businesses that don't fit its mobile and cloud-delivered strategy.
"We're getting rid of a lot of the distractions. The company will be focused and it will be profitable," Bob Calderoni, interim chief executive and executive chairman of Citrix, said in a conference call with analysts Tuesday.
Technology from Bytemobile, an under-performing acquisition in 2012, will be adopted by another Citrix company, for example, the company said on the call.
Calderoni also said some operations will be moved to "lower-cost locations," though those were not specified.
Revenues for the products to be divested were $600 million for the last 12 months, Citrix said.
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