Thread regarding Open Text Corp. layoffs

Just the facts

I'm not getting all those discussions whether it's now over, the wfrs. You don't listen or what?

We are only two thirds through the costs savings program. One third is still ahead of us. Source: CFO, Q3 investors call.

Do you think one third can be achieved by forcing us to bring our own toilet paper to work?

Profit growth of 10 percent is only attributable to the wfrs. Source: same. Yes, that's the way to huge profits! What else?

P/E ratio is between one third and one half of industry peers. OT is profitable. Normally investors must be queuing up. And still no one wants to buy? Haha, "our investors are patient, they give us time" (source: was that Ayman in the last show?)

Our most important asset is people. Important is attracting good talent and keeping good talent. Source: all hands town calls, those clowns with E- and C- titles. Who of course kick the best people out. Do you really believe them? See a doctor.

Trust no one but yourself. If you do not have financial buffer, start building it now. Start looking for alternatives. Many postings here can be made by those who want you go by yourself, to save on severance. You do not have to, but just make sure you are prepared.


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| 614 views | | 3 replies (last ) | Reply
Post ID: @OP+1kwm8j3hy

3 replies (most recent on top)

@a1 agreed and confirmed 100%. We are the worst company on the planet. All the lies you spew are not going to change that fact. Employees are NOT loyal. We have Z e r o real open positions, we are NOT hiring , we need absolutely no people because all of our customers are fleeing.

The market hates our story and is hoping we file permanent bankruptcy.

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Post ID: @bg+1kwm8j3hy

@a1 all of my reqs were frozen - even after 2 interviews with several candidates. What the actual f-k?

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Post ID: @aq+1kwm8j3hy

@OP agreed and confirmed 100%. We have hundreds of open positions, all orgs are hiring , we need all the new people for the new customers

The market loves our story and is rewarding us

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Post ID: @a1+1kwm8j3hy

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