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Next town hall with ELT

In our upcoming town halls with our ELT leaders, we have an opportunity to engage with them directly about their contributions to enhancing OpenText. We must ask vital questions: What steps have they taken to drive improvement? How have they earned the privilege to report to a CEO of a public company? What compelling reasons do they offer for us to unite behind their vision?

It's time to break the pattern of silence that has enveloped our leadership. We deserve to understand why we should be motivated beyond just getting a paycheck.

If our ELT leaders are merely a figureheads focused on reorganization and headcount reduction, we risk falling into a cycle of complacency where the bare minimum becomes acceptable.

If there is nothing to be excited about customers and good employees will just leave until what’s left are customers with weak IT staffs that stay on old technology forever and employees that don’t give a damn.

Our company needs an en--a or our fate will be drowning in our own waste.


Latest award

DXC on list of Americas most innovative companies by fourtune, which btw is not pay to play at all🤣🤣🤣. Raul responds on a post saying we are just getting started. My God they are really having a laugh and blurring the line between satire and reality


At least President's Club is still on

Reading the flurry of posts here is tough for me as I'm sure it is for many others with survivor's guilt. Can't help but want to leave ASAP from this sinking ship. FWIW, here's what I learnt about the situation today (some of it repetitive of what's already been shared).

This is a pilot initiative affecting CIO, Dev and PS.

Affected capital markets solution groups for pilot = IAM (InvestTran, InvestOne) and Data (DIM, PIM, CAM).

Cap markets pilot is just for these solution groups in 2026, with full rollout planned in 2027 across others. Obviously these timelines are subject to change.

LoB (line of business) was kept in the dark until this week.

Effective immediately: people being RIF'd (backfilled in Zensar) and rebadged (moved under Zensar). RIF announcements were made today.

RIF vs rebadge is based on employee grade and where Zensar has offices to take on ex-FIS staff.

But hey, glad that didn't stop the company taking its top brass and the 2025 leading sales performers (and their +1s) to a fancy resort in Switzerland via business class for a week.

For shame, FIS leaders. It's not that we don't understand shareholder primacy, it's just that this all feels like it was so avoidable.


Don’t be Fooled

The recent surge in share prices are not a reflection of the market now thinking Phillips 66 is a better investment than peers.

YTD we are trailing all refiners, including PBF, Delek, and even CVR and are right in line with the broader S&P energy index. Bets on refining were made with the start of the Iran war and we did not benefit. We just followed the inflow of money into energy.

We still have a long way to go before we earn the trust of investors. We must deliver Q1 results given the current favorable margin environment.


Epic Games Cuts Over 1,000 Jobs Amid Engagement Decline

Epic Games is cutting over 1,000 jobs across the company. This decision follows a decline in user engagement for Fortnite. CEO Tim Sweeney stated the company is spending significantly more than it earns. Industry-wide challenges also contribute to the financial situation. The layoffs are part of broader cost reductions exceeding $500 million.

Cary, North Carolina

https://www.carolinajournal.com/cary-based-epic-games-cuts-20-of-employees-after-fortnite-slump/


Please please someone call the news!

Yes, I am “safe” but I am sick to my stomach how all this was handled but yet nothing in the news. This should be all over the news, FIS should be on a shame of wall for the way they handled things! Please someone who was affected…please call the news!


Are we Ffff..ed? Are we really going to $300?

We keep beating the street how can we continue to drop? how can we hit our tranches

https://www.tradingview.com/news/zacks:521f6a3db094b:0-can-axon-sustain-ebitda-margin-momentum-amid-cost-pressures/

https://www.trefis.com/stock/axon/articles2/594682/axon-enterprise-stock-to-323/2026-03-25

https://www.tipranks.com/news/catalyst/why-axon-enterprise-stock-is-tumbling-today


Delaware North Cuts Jobs Amid Business Model Shift

Delaware North is cutting an undisclosed number of jobs. This action stems from a strategic shift in its business model. The company is moving away from contract-based operations. It now prioritizes owned and managed assets globally.

https://buffalonews.com/news/local/business/article_0f3b8aa1-8200-4061-ba0c-f9aad86d4bc9.html