Based upon company performance, I’m thinking yes. But just curious if anyone is hearing anything. Apparently some have already happened last week.
How does the exec team still have jobs?
Stock Past 5 years OT down 40% IBM up 72% Oracle up 222% Accenture up 81% Salesforce up 73% Every good software leader on the planet knew you DO NOT TELL YOUR CUSTOMERS THEY MUST GO TO THE CLOUD. But OT tried... — read more
Poised to sell off cybersecurity
Muhi moving to cybersecurity unit focused role gives OT opportunities to offload with leadership team in place.
Layoffs coming after Feb 2025 earnings call
OT will announce layoffs after this quarters investor call. Reasons will be automation, AI, and poor performers.
Open Text - Public Sector Business - any layoffs?
How is the Public Sector business doing? I am interviewing for a position. Is it stable?
Please, offer VBO
Some of us are still here mostly because we're waiting for severance. Letting us volunteer would be a smart move.
OpenText ripe for acquisition?
Is there an opportunity for someone to come in while the share price is so low, who do we think would go for it?
More Layoffs Coming
Looks like the company is about to do another round of layoffs. Maybe get rid of the excess managers who like to micro manage!
$otex is plummeting
it reached 52-week low, and 10-year low today, what a disaster!
Will the Grench steal Christmas?
Rumors of layoffs in December.
Upper management took the money
The legacy products were number 1 or 2 in the industry at one time. Upper management really didn’t care about the software evolving. They really don’t have a visions of the SMEs. All they really care about is money in their own pockets. They traded... — read more
Sinking Ship
How do you interpret a new PS SVP coming in who seems to have their act together and then departs in less than 8 weeks? I’m guessing his ability to sniff out mediocrity and bad ELT leadership in CSO and above was exceptional. Not to mention a... — read more
Be aware next wave of lay off is comming!
I hope this is rumour but they want to target EMEA again! Can someone confirm on it?
has $otext bottomed?
the entire market is in panic selling, $otex is in green
Massive hacking of major US based banks at OpenText
Smart Emereonye is a director at OpenText, his group has done an extremely bad job leading to hacking of multiple banks ( BOA, Citibank, US Bank, 53Bank, Capital One), yet he was not fired? Time to call Mark to terminate him ASAP. ... — read more
more layoff coming?
the stock price is going to the toilet after the earning call, will more layoffs be coming?
Earnings Call
Their first miss in a while.
They're delaying merit increases
This was tucked away in a Perfomrance Management email: To optimize and reward employee performance, we are introducing a change in timing for our new, harmonized merit cycle. The new effective date for merit increases is January 1 and sets the new... — read more
UK Layoffs Start tomorrow.
It's an eyewash with pre selected people being targeted while running a sham of a consultation process. There is a excel sheet that managers have been told what to fill with for performance evaluations. And there are unique roles they called out -... — read more
How are you coping?
I avoided being laid off this round, but this whole situation made my anxiety go through the roof. I lost some great colleagues, and I feel like sh-t for still being here, because some of them couldn’t afford to lose a job. I hate this place, I hate... — read more
why is it so quiet here during the #OKO25 day?
nobody is talking about layoff
looks like hiring freeze in US
of the 190 openings globally, only 17 are for Software+Engineering, all of them are in India https://careers.opentext.com/search/?q=&q2=&alertId=&locationsearch=&title=&location=&department=Software+Engineering
Let them eat cake
During a company meeting when MF deal closed someone asked Muhi if they can work at home he replied: I go to office everyday because I can’t afford Palo Alto so I have to live in Marin. Then worker asked “can I come to the Menlo Park office to which... — read more
I sometimes wish I could switch of empathy
Like corporate leadership does. Tho, I somehow have a feeling they had none to begin with. I find their stage of greed, incompetence, and the lack of capacity to be in touch with other human beings astonishing. I guess normal, socialized and well... — read more
The writing is on the wall (US folks only)
The vast majority of folks affected were US while India and the Philippines weren't touched at all. The whole "re-hire 800 new folks" is bullsh-t because all of those jobs will go to India guaranteed. I know of teams that were decimated with... — read more
More layoffs tomorrow?
Holiday here in the US today, final round of layoffs tomorrow?
Hey Damage Control People
We know OT damage control is reading all of this. Just remember, this is not ONLY about our fellow team members who just lost their jobs due to incompetant leadership. This is about past employees too, who gave their all and got the same... — read more
Not easy to deal with being laid off
Regardless of the circumstances, context, company, state of the job market, your financial situation or employability. It’s a personal hit. Guys, keep your heads up, allow yourself some personal care, give yourself time if you can afford it, then go... — read more
Private Equity
I hope people that were laid off will find something better soon. Like others have said, this is not a software company, it is being run by like private equity with no organic growth. Debts are getting expensive to service so only way to keep it... — read more
So sorry for all already affected
Also sorry for us staying for now. Consequences will fall on us. We will be expected to pick up after those who were laid off. There will be mess and chaos. And none of us will get anything for taking on more work. Best case scenario is to be lucky... — read more
Is it over?
With new announcement of F25 do we expect more to leave?
I should have been laid off
They should have given some of us a chance to volunteer. I'd have happily accepted. As it is, I'm still here and miserable and somebody who wanted to stay is out of their job.
loss of competence
The only objective is to reduce the cost of salay. Replacing people with high skills with juniors. With the idea that selling software is like selling tomatoes.
https://www.stalbertgazette.com/national-business/waterloo-software-firm-opentext-cuts-1200-jobs-as-part-of-business-optimization-plan-9170559
https://www.stalbertgazette.com/national-business/waterloo-software-firm-opentext-cuts-1200-jobs-as-part-of-business-optimization-plan-9170559
Packages
What are they giving?
It’s what happens when you have a top-heavy company
Everything went to mark. Every little decision. The people below him were just sycophants. The company buys and gets rid of the top talent and is left with cheap mediocre drones.
1200 job cuts to rehire 800
you can Google for press release. The official word is 1200 cuts but to re-hire 800. Just a signal to Wall Street they are replacing employees with cheaper ones if they follow through. Leave on your own terms if you can.
$otex is surging
is it because of the layoff?
OT Utah seems to be hit hard
Just see a few OT Utah people updated their LinkedIn to opentowork, can anyone confirm this?