Fewer than five employees at Citrix Systems Raleigh office will be affected by the company’s plan to lay off 900 workers, a Citrix spokeswoman confirmed Thursday.
Citrix announced the cuts last week in conjunction with the release of its fourth-quarter earnings. The California-based company said the cuts would boost profitability and enable continued investments in growing areas such as mobility, could services and networking.
The layoffs of 700 full-time employees and 200 contracts is expected to generate annual pre-tax savings of $90 million to $100 million.
The minimal cuts in Raleigh come after Citrix executives praised the performance of its ShareFile business, the primary focus of its Raleigh site.
Citrix software enables a company’s employees to work from anywhere online. The company moved into the Triangle in 2011 when it acquired Raleigh-based ShareFile for $54 million, and its local operations have grown much faster than the company expected.
When Citrix announced expansion plans in 2012 it committed to having 479 workers in Raleigh, which made it eligible for state and local incentives worth more than $9 million. It has already exceeded that job target by 25 percent.
For all of 2014, Citrix revenue rose 8 percent to $3.14 billion. Its net income was $252 million, or $1.47 per share, down from $340 million in 2013.
The company’s shares closed Thursday at $61.66, up 48 cents. The stock is up 14 percent over the past year.
Staff writer David Bracken