Thread regarding Open Text Corp. layoffs

And with the leg cutoff, I can jump higher!

A lotof cliches can be said so I'll spare you the boredom.

They did it again, stakeholder value was retained for a quarter at a cost of competency.

We knew this comany is not here to innovate, I mean the top product is a cheap SharePoint variant and the latest innovation is AI tool that saves you time in copy-paste, if you are willing to spend 6600$ a month to host it.

No one in OT asks themselves why other companies make money while we are not, they ask how can we milk a 30 year old tech with minimal effort and here we are, 2% down anda new announcement that now, this time, finally, for sure - will succeed because the problem was expensive employees not 8ncompetent accountants.

Ever heard about 3% YOY growth that never happens? Yes!
Ever heard about analysts that get fired for getting it wrong? No!
The OT way.. a graveyard for auccessful tech for sale.


by
| 1660 views | | 2 replies (last ) | Reply
Post ID: @OP+1kx1gheh5

2 replies (most recent on top)

Look at their stock price. OTEX is no longer a highly profitable or growth company...simple as that

by
| | Reply
Post ID: @ab+1kx1gheh5

Post a reply

: