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Citrix and VMware Slowing Down the Hiring Train

ComputerWorld is reporting that both virtualization companies, VMware and Citrix, are slowing down in their hiring practices. 

Citrix Systems Inc. said on Wednesday that it is slowing its hiring pace in response to economic conditions. It is the second IT vendor this week to cut the tempo of hiring, following VMware Inc., which said it was taking a "pause" on gaining new employees.

Both firms, in separate calls with financial analysts, cited a growing sense of spending caution among IT customers. Indeed, when Mark Templeton, president and chief executive officer of Citrix, was asked on a call Wednesday with financial analysts to provide an anecdote to illustrate the trend, he was able to describe a firsthand experience with the changing mood.

Templeton said he spent June in Europe on business. Over the course of just those four weeks, he said he saw increasing amounts of caution in response to news headlines and fuel price increases. "It was remarkably different when I left Europe than when I arrived," he said.

...

Paul Maritz, the newly appointed president and CEO of VMware, said Tuesday that although the company had hired 2,000 people in the last year, it was now putting in place a "hiring pause," limiting new hires to the most strategic. VMware currently employs 60,000 people.

Maritz did not say that this pause was related to the economy. Instead, he said it was needed "to make sure we have properly digested our growth."

Read the entire article from ComputerWorld.

Published Thursday, July 24, 2008 6:27 AM by David Marshall
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