Thread regarding Micro Focus layoffs

Fitch Affirms Micro Focus, Revises Outlook to Negative

Fitch no longer buys this:
https://www.fitchratings.com/research/corporate-finance/fitch-affirms-micro-focus-revises-outlook-to-negative-removes-uco-30-09-2021

The turnaround plan will not fly according to Fitch. Will be interesting to see if MF will now try to come up with another longterm plan hoping to gain market trust again.
The damages over the past are massive which continues to put a strain on the workforce, customers and clearly investors.
The acquisition had only one objective in mind: grow installed base. This did not turn out with increasing churn.

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