Stock free falling now, markets aren't happy with the CEO or divesture Heading to ten bucks a share Earnings Thursday could be the end

It's a sh-t product with a sh-t interface and the legacy knowledge was shitcanned before the KT could be completed. Nobody in OT really knows how it works or how to support it.

And it keeps dropping. This is glorious.

New CEO's compensation package was just detailed in an 8-K filing: base salary of CAD 1.2 million with USD 7 million long-term incentive plan (70% PSUs, 30% RSUs - vests Sep 2029): Target Bonus: CAD 1.62 million Sign-on Options: USD $2... — read more 

Private equity will destroy you, just as it destroys everything else

Personally, I think MicroFocus was already ruined financially before the acquisition, while OpenText has suffered taking on massive debt and legacy baggage that has stalled any momentum we had previously with Cloud and Cybersecurity.

https://pulse2.com/opentext-names-ayman-antoun-as-ceo/amp/ OpenText announced its board has appointed Ayman Antoun as Chief Executive Officer and a member of the board, effective April 20, 2026, positioning the veteran technology executive to lead... — read more 

With Savinays departure, what happens to all the all glitz, glam and promise made during OTW? Databricks partnership is dead on arrival ?

There is something in water brewing with the IBM connection. I found it quite strange IBM speaking at the kick off given the past relationship. It looks quite clear the new CEO has been brought into to facilitate a takeover of some sort by IBM... — read more 

I would expect major layoffs before the new dude starts in April He won't want to be the bad cop straight away so it will be done before then

Obviously. A history of bad calls that go nowhere means PR fluff has no power left. I'll believe it when I see it. Color me suspicious.

Let's see how this plays out.

I'm convinced (and have some evidence) that a big announcement is coming. I think everyone is expecting CEO announcement but I suspect it's were being SOLD either wholesale or in parts.

I've heard that earnings and growth will surprise to the upside next week Anyone else hear this ?

Stock is in free fall How low can it go before OT gets taken over for ten bucks a share

I'm virtual in Europe, do I have a number on my back ? How long have I left realistically

Only in the company a few months. Chaos everywhere, nothing works as it should, layoffs , Reorg and no CEO. People treated like cr-p and MGMT are the worst I've ever seen What a dump , I'm lucky that I've enough savings to last 2 years so I'm... — read more 

Either it’s a mistake or some big changes are coming. Currently the Leadership page has no profiles. https://www.opentext.com/about/leadership

One dude leaves the company and a bit of shuffling around, is that the big Reorg ?

You’re supposed to throw your savings at moving costs, uproot your whole life and your family, just to lose the job a few months later anyway? No chance. This push feels like a strategy to get us to quit. Agreeing to relocate just makes you a more... — read more 

James McGourlay is no longer in my org charts. Have we a new CEO finally?

From the last few rounds, I'm getting the strong impression that if you're in your late 40s or 50s, your job is at extreme risk here. Please correct me if I'm wrong since I've been known to be paranoid before, but I think the pattern in the cuts is... — read more 

So remotes within the radius will be RTO before Jan 2027 What about remotes over the 31 miles ?

• You hold "Tribal Knowledge": You are the only person who understands a specific legacy database script that would break the entire project if you left. • You are willing to Relocate: If you are remote but offer to move to a Hub (e.g., Waterloo or... — read more 

With American tech sector shedding another hundred thousand + jobs this year, what is a techie supposed to do next? Since the planet is on course for a war, how hard is it for civilians to work in the military? Sigint is one of my specialties

The layoffs shattered our workflow and teams don't talk. Management has no vision beyond cutting costs. We're completely stuck and it's so demoralizing.

Hold on to your hats. Pink slips this week Can anyone confirm

There were some off sites last week and it's been confirmed a Reorg is coming Anyone know when ? And if so will there be layoffs or just people moving around

After years of productive remote work, I was dragged back to the dog bone farm, and let me tell you, it’s been a total letdown. All I see are groups of people clustering together, chatting away in their own language, and yapping on their phones... — read more 

"The direction is global, but implementation may vary by country to account for local laws and regulations..." So EMEA is next once they get Work Councils sign off

In my team, some people ignored the whole hybrid thing and come to office once a month, why should I come in 5 days a week Note : nothing happened to that person, they are still working away

Part of messaging to analysts that OpenText is continuing on its promised transformation as announced when MB was fired. This says, we mean business, we are pulling out people in, we have control over their output. When business declines... — read more 

There have been strong discussions that people managers, at every level and in all locations, should lead by example by being office-based. If you are a virtual people manager at any level, anywhere in the world, you should expect your team to be... — read more 

that’s it. I lost access to VPN. Got instruction to reset my password. The instruction is sitting behind the VPN. WTH! I need to open a service support. Opened it, sorry it requires VPN. WTH! I cannot reset the password with the last 24 or 25 times... — read more