Topics regarding layoffs at Open Text Corp.

Topics regarding layoffs at Open Text Corp.

I am so happy the Tom Jenkins is laying off (firing) so many people to raise the stock price ...

I see the market was up again today, and the OpenText price ... oh, crud ... down again. This company's outlook is bleak as long as Jenkins, his pupppet CEO, the so-called Board of Directors, Bell, Muhi, Rai, Berry, Cione, Acedo, and all the other... — read more 


What is layoff? OT style

A layoff is when good epmployees are let go due to bad business decisions. The employees were forced to support and try to make those decisions work, and are then fired. The executives who made those decisions stick around, say they hated to do it... — read more 


Ayman + The Board directive

Ayman was given the okay from the board (including approval on HUGE spend) for what is unfolding now for F27. The caveat is that these investments must grow the business in each product group by 2%. To be clear, not an overall %, but each sales BU... — read more 


Awarded Canada’s Best Companies

Winning ‘Best Company in Canada’ after shrinking from 35,000 employees to 20,000, spending a decade dismantling products, and still paying for awards… now that’s commitment to the wrong KPIs. I guess the award was based on marketing, because it... — read more 


All the LI Activity - bragging, announcing the New Opentext, BIG pay increases

The SLT received HUGE comp increases for the new opentext and many are on LI announcing their promotions and sharing endlessly about their many accomplishments. Others are publicly talking about the new GTM model , clearly excited about their new... — read more 


I was let go today along others

I was let go today along with many others at the Waterloo office. Many good people. All very senior, so it is all about cutting cost as much as you can. Happy to leave. Dead products with no future growth.


Thank you

To the folks that have knowledge of the layoffs and willing to share. It’s su-k being laid off but at least you are prepared for it and not blind sided one day. Gives you time to look for other jobs and get your finances in order.


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