Thread regarding Micro Focus layoffs

Results are out for 2021 (Feb 22) - cost management coming

The results are out since today for 2021. The company continues to shrink. Revenue declined 3.4% on a statutory basis to $2.9bn. On a constant currency basis the decline was 5.3%.
For the 2023 plan they committed to reduce the cost base by another 500m$. This will look at headcount and employment cost.
The world still wonders why did they buy HPE Software? Now we must think the objective could not have been to grow the company. That did not work out as we know today.
On top the money they had to borrow to make this sale raises the concern even more on how this leadership continues to be in their seats.

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Post ID: @OP+1fcxVXg0

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I heard product operations - "process and capabilities" has been hit - longtime employees. It's a shame because MF has none. Now no one to keep the lights on.

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Post ID: @mioj+1fcxVXg0

Maintenance represents 61.2% of all MF revenue, which is the highest I've ever heard for a software company. In FY22 maintenance declined by 8.7% from the previous year. It doesn't take any financial skills to see this is a company quickly going out of business.

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Post ID: @3ohe+1fcxVXg0

You've got to laugh when MF state, on the very first line of their FY22 results just published, that their revenue only declined by 5% compared with 10% in FY21, so they're getting better. To quote: "the rate of revenue decline has
halved in the period, demonstrating the progress we are making." If that's progress I'd hate to see failure.

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Post ID: @3nsp+1fcxVXg0

People are confused that my last name is Loosemore. Really it is LoseMore and that was my objective in purchasing the HPE Software business unit. I got my large payout for completing this deal. Could care less about the rest of you.

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Post ID: @nsj+1fcxVXg0

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