Life pro tip… sometimes managers have their calendars open. If not, at least you can see when they are busy. If nothing else, if you see a lot of small appointments they don’t normally have it may be an indication of changes coming. Do it now... — read more
No layoffs for a while?
Somebody told me we should be good on layoffs for a while, but it sounds a bit too good to be true. Is there any truth to it?
Let's be honest
If you are a US based opentext employee. It's over. You have no more than one more fiscal year left if you are lucky. The Fort Collins office closed in March last year and they laid off half the staff in July. The remaining teams are seeing India... — read more
It's Friday nearing the end of the fiscal year...
Any new 15 minute meetings scheduled for anyone?
Companies reducing their holdings
Share holders are loosing hope on MB https://www.defenseworld.net/2025/06/07/open-text-co-nasdaqotex-shares-sold-by-ameriprise-financial-inc.html
OPENTEXT BOARDROOM: BECOMING THE MSP OF THE FUTURE: NAVIGATING THE AI-FIRST LANDSCAPE
https://www.pax8beyond.com/pax8beyond-agenda/ Does Pax8 think that OpenText has “integrated their AI-based products and processes”? And I guess “flexible” pricing models means having no solid pricing structure at all. OpenText definitely does not... — read more
Just leave
Seriously. How many more years of worrying about keeping your job can you stand? Go work in a book store, a gas station, anywhere. Just go anywhere doing anything else other than making more money for that human bloat MB.
Opentexr to acquire ?
Rumours have been swirling advanced talks with SNYK and Insight that owns TRICENTIS. Opentext wants to dominate the SAP space
Is it tone deaf to have a HUGE party in Waterloo?
After laying off 1600+ employees, is it tone deaf for Mark and friends to publicize a huge 35th anniversary celebration with live music on LinkedIn?
another wave of layoffs?
I thought they're done with layoffs for this year, but apparently not. just found out that two IT people I closely worked with got canned today, both from the UK.
Even in 2017 - Mark was saying wwhhaattttttt?
This really says it all - https://www.youtube.com/watch?v=jNN4BdBcwhA
What would you tell an OpenText intern/co-op looking for a full time position?
https://www.reddit.com/r/OpenText/s/qUq4zgM33f I would tell them no, even in India.
Reduction of our real estate footprint...
From the OT Q3 FY2025 Financial Results at https://www.prnewswire.com/news-releases/opentext-reports-third-quarter-fiscal-year-2025-financial-results-302443218.html?tc=eml_cleartime It's happening in Provo, consolidating to two floors, closing the... — read more
Terminated Employees are asked to sale Shares and also loosing vested RSUs
This is ridiculous. A promise, they are taking back.
Monument Peak Ventures, LLC v. OpenText Corporation
Anyone know what this lawsuit is about? https://www.pacermonitor.com/public/case/58033791/Monument_Peak_Ventures,_LLC_v_OpenText_Corporation
One of the board of directors just sold all their OpenText shares
https://www.gurufocus.com/insider/260811/deborah-weinstein Deborah Weinstein Form 4 Trading Tracker According to the SEC Form 4 filings, Deborah Weinstein has made a total of 1 transactions in Open Text Corp (TSX:OTEX) over the past 5 years... — read more
What is a Company Owner at OpenText?
https://www.linkedin.com/in/george-ochieng-aa47b4363?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app
Why did OpenText retire the Zix brand?
As an employee that came from Zix, this makes me sad. Zix built a world class email encryption product with brand recognition throughout the cybersecurity sector. Now it under Webroot which is security software that comes as a free trial when you... — read more
It’s time to speak up!
Over the past few years, OpenText employees—some of the hardest-working professionals I’ve ever known—have been treated with shocking disregard. We’ve seen: • Long-tenured employees laid off with minimal severance and no appreciation. • Workers... — read more
Thanks for nothing, Mark.
“Stay committed and you’ll get a cash award.” “Deliver results and your bonus is secure.” Then the layoff hits. Everything vanishes. No early exit. No negotiation. No respect. Just empty promises and locked calendars. Mark talks about values. What... — read more
Entire FinOps org was cut in OpenText
Yep. Mark is putting all his chips(no not potato chips) on AI.
Chop shop
It sounds like absent an acquisition they need to raise some cash. What else do you think they might jettison? Someone said Cybersecurity. Does that include the MF stuff, Carbonite/Zix, Encase or all the above? Fax Modernization? Group wise? I just... — read more
7 myths about AI and cloud—busted
Wow - we think we have all the answers, but we aren’t doing this internally… do as I say, not as I do https://www.opentext.com/en/media/ebook/7-myths-about-ai-and-cloud-busted-ebook-en.pdf
OpenText layoff are because they need to focus on transforming the future of fax
https://youtu.be/yixtalJ0R9o?si=0rMPl48ZRFWhKQTc
How do I get my OT paystub if I've been let go?
I try to call the HR number in my separation materials but no one answers, nor do they reply to email. I no longer have access to TalentCentral. I don't need my paystubs from Ceridian/Dayforce because that was for 2024 only, I need my pay at the... — read more
Expert found critical flaws in OpenText Enterprise Content Management System
https://securityaffairs.com/141157/security/opentext-critical-flaws.html?amp
OPENTEXT MAKES AI “NUMBER-ONE PRIORITY” AS COMPANY SLASHES 1,600 JOBS
https://betakit.com/opentext-makes-ai-number-one-priority-as-company-slashes-1600-jobs/ “The work still needs to be done, it’s just going to be done with a machine via AI,” Barrenechea said. “AI is a step function to be able to reduce expenses in... — read more
SAP Big Picture Architecture - sign OT is to be acquired by SAP
https://www.sap.com/canada/documents/2025/02/1288d9d0-f57e-0010-bca6-c68f7e60039b.html Wonder if OpenText, Syniti (currently owned by CapGemini) and Tricentus (currently owned by Insight Partners) are possible acquisitions by SAP
are there any take aways from the all hands meeting?
I did not pay attention are there more layoffs? do we have another round?
Budget cuts, no backfill
New facts: 1000 backfill positions from WFR cancelled Pending offers cancelled No new computers for development until July No travel Most have given up, don't care Trying to make July numbers
There are no more Layoffs this year
The net 2k approved by board on 4/29/25 is complete. It was made up of the 1,200 original from July 2024 with 800 added back overseas net 400, and the 1600 just completed. ☑️ . The only remaining are select management, and those who were notified... — read more
Is OT impacted by tariffs?
"Given OpenText's positioning as a global company with worldwide operations, to what extent is the business actually impacted by recent U.S. tariff changes? While OpenText emphasizes its global diversification as insulation against regional economic... — read more
May/June layoffs
Is that to be a strictly management round or did I misunderstand?
Is Mark Taking Us All for Fools?
Is anyone else completely floored by how BRAZENLY our execs are lying about our "AI strategy"? Like, are they serious with this BS? In the earnings call, Mark went on and on about "AI First" and how we're an "AI-led organization" as if we're some... — read more
If Mark steps down from being CEO will anyone “miss the Mark?”
He did grow the product stack through acquisitions. But he is now like a Christmas Tree still in the living room after January 6th. Time to go. Maybe he should go lead Tesla, I think they are looking for a new CEO and the factory employees in... — read more
Saw posts here wanted to say few things
I am new here and I am coming to know about the layoff. I saw some posts and I wanted to say few things. Impacted team peoples are still staying and helping us. They are giving KT with patience and showed big professionalism. After getting message... — read more
Transforming OpenText: Embracing Efficiency and Innovation for a Brighter Future
Here is the future of OpenText per ChatGPT: As we stand at the forefront of a rapidly evolving technological landscape, OpenText has the opportunity to redefine its operational framework and set a new standard in our industry. To achieve this, we... — read more
For those survived layoff
Is going all-in on Bitcoin a better strategy than implementing massive layoffs? Maybe it's time to take a page from Michael Saylor's playbook.
I thought mass layoff could boost $OTEX
The layoffs didn’t rescue the stock — they just slowed the decline. The stock price has essentially returned to where it was a decade ago. After acquiring a company two years back, the combined market cap now nearly equals the acquisition price... — read more