Wall Street was thrilled over reported Q1 profit by OpenText, largely via layoff in May/June, now Banks are pressuring Mark to do RIF in the US, have the Indian teams replace the more expensive workforce. One firm reportedly talking to OpenText is... — read more
Topics regarding layoffs at Open Text Corp.
We're being laid off. It appears to be OT is shedding most of its U.S. employees and eliminating remote work after bragging about how great it was for the company. Bulk of layoffs are to Core and replacements are in India and Canada. If any of you... — read more
The company is laying off people from its core side, and adding new roles, and asking its acquired companies teams to pick those roles. In the end, its headcount is getting reduced, but company will have the same number layoff against new hires.
Is this still going on and has it been completed globally?
Layoffs were announced last week. WFH is being monitored by the company for utilization. If you’re not working, you’ll get laid off! If you’re not working because of declining bookings, you’ll still get laid off!! Be careful, big Canadian brother is... — read more
As per title, as with all other previous acquisitions the layoffs have started.
It might not be immediate but I would recommend searching for new opportunities while your wait for your RSU's to vest. You won't have anyone directly tell you your job is on the chopping block though read the countless Glassdoor reviews of how all... — read more
Currently working (remote) at Carbonite. We've just been acquired by OpenText. What's ahead? Worth staying with OT or start looking for new opportunities?
We all know more layoffs are coming to Open Text, but that seems to be about the only thing we know. Is there anybody who has any additional information on this - mainly when we can expect more layoffs and what will be hit the most? Even a rough... — read more
It’s like a slaughterhouse right now! They have outsourced our jobs to Manila and Ireland. Be cautious—if you are a newly acquired employee, it would be wise to dust off the resume and start looking. Over the few years since the acquisition, they... — read more
Heard that many offices are being consolidated into only a few. Former acquisition and virtual staff are the most vulnerable under the reorg. Other changes include merit increases being deferring until the new year, removing of the work from home... — read more
More layoffs have been announced as part of OpenText's semi-annual RIF. The management team, especially the CEO, in incapable of making any cuts to costs that are not headcount related. Worst management team on the planet. No talent what's so ever... — read more
You are just a number - deal with it... OpenText stopped being a software company when Barrenechea took over. It operates nowadays as a private equity firm driven by M&A not innovation because it's cheaper to borrow money and acquire than it is to... — read more
OpenText has continuous travel or hire freezes -- that usually precedes job cuts which happens fairly often - nobody should be surprised about this... Each time OpenText acquires more companies, there are rounds and rounds of layoffs. I dodged at... — read more
I've heard some Documentum people are being asked to go to Ottawa the week of July 3rd, possibly related to downsizing. Anyone else hearing anything?
Getting rid of the skilled software developers who know how to make the software work and shipping it all to India. Quality will suffer, but execs will get a huge payday while customers pay out the nose for maintenance on a sophisticated application... — read more
Former ECD employees are being laid off today.
5% layoffs coming due to buyout of Documentuum.
Getting acquired by OpenText and it seems like many have commented about no bonus or getting cheated out of their bonus. Anyone have experience with this?
I work for a software company in Irvine and we had layoffs - do you have openings for junior developers with C++ skills?
I was with Vignette and OT acquired us, many of us were let go
Layoffs coming in Sept/Oct like they have in each Sept/Oct for the past decade. The only question is if it will be 5, 10, 15, or 20%