Thread regarding Open Text Corp. layoffs

OTEX Stock down 37.45% past 6M, 59% past 5 Yrs

But sure, the market l o v e s us...


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Post ID: @OP+1kvts7c0w

6 replies (most recent on top)

@kk I think the only purpose of the employee share scheme (or is that scam) is to use it as a means to say "you did a great job this year, here are some shares (that you don't get for a few more years)" rather than give a proper salary increase.
The shares are a bleeding joke, too. Instead of a salary increase at a promotion, give the employee a stupid number of shares (138, let's say) and tell them that by the time they vest they will be worth more than the raise. But heck, they vest in four years and you only get them if you still work for OT.
They use this employee share plan like this to rip off and underpay people. That's all it is for.

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Post ID: @pa+1kvts7c0w

Does anybody actually take part in the employee share scheme and is there any point them offering it anymore.

Got a pants job how about chucking some of your wages into the fire pit to boot.

Me can I burn my money too, PMSL.

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Post ID: @kk+1kvts7c0w

@av no PE company will buy us due to the debt

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Post ID: @c5+1kvts7c0w

@av Bravo to the ELT for leading us into being irrelevant.

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Post ID: @ay+1kvts7c0w

Well, the stock price sank below $20 yesterday for the first time, breaking that key psychological level. From here, downward pressure is likely to intensify, and we’re almost certainly on the radar of private equity firms like Thoma Bravo. Mark my words…

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Post ID: @av+1kvts7c0w

Agreed, the stock is acting strongly and is holding up well

The markets love our story and are supporting us

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Post ID: @a6+1kvts7c0w

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