The post Elon Musk’s D.O.G.E ally Tom Krause exposed for inefficient cost-cutting at other job appeared on BitcoinEthereumNews.com.

Tom Krause, Elon Musk’s go-to man for cost-cutting magic at the Department of Government Efficiency (D.O.G.E), has been slammed for his disastrous track record at Citrix Systems, where he is still an executive. A Bloomberg editorial claims his ruthless job-slashing at Citrix led to many catastrophic security breaches. Now, the Treasury’s payment system, which processes 1.2 billion transactions annually, is within Tom’s purview under D.O.G.E, which is President Donald Trump’s plan to cut over $1 trillion in government spending. The Democrats, like Michael Bloomberg, say Tom’s past is cause for serious concern. “What if he causes our federal data to be hacked by North Korea?” they probably worry. And apparently, they have reasons to worry. Tom Krause turned Citrix into a hacker’s paradise Log in to your remote work system, and there’s a good chance Citrix’s software powers it. With 400,000 clients, including the US Department of Defense, Citrix connects companies to their remote employees. But all that convenience comes with massive risks, especially when critical cybersecurity staff are cut off without a second thought. In 2022, private equity companies Elliott Investment Management and Vista Equity Partners acquired Citrix for $16.5 billion, immediately drowning the company in debt. Tom was tasked with boosting profits by any means necessary. His playbook was to lay off staff and cut operating costs. Citrix’s product security team, which once had 180 members, was cut by two-thirds under Tom’s leadership, allegedly leaving the company wide open to cyberattacks. By 2024, another 12% had been shown the door. Many of those laid off were senior engineers responsible for finding and fixing software vulnerabilities before hackers could exploit them. According to Bloomberg, Tom also rejected proposals from the remaining cybersecurity team to preserve critical roles, opting instead to focus on trimming redundancies. Staff presented data showing how…

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Filed under: News - @ February 10, 2025 1:28 pm