The constant manipulation by management just wears you down until you don't even recognize yourself anymore. Trust me, it's not worth it.
Next non-core unit sold?
With rumors of an announcement this week, anyone have info? Which product line is getting released?
Just bought calls on OTEX
Finally we are recovering, i think this is a great long term hold with our pivot to AI Thank you to our fearless leaders
Stock Price down 50%
How do we get back to break even?
Stock price
Up another 5% today - the market understands that we are hiring and have returned to growth
Layoff list at 2550 and counting
May the odds be ever in your favor.
The big day..
Layoff is commencing July 2 for NA region (since July 1 is a holiday) EU and others will continue the week following. Have been told it’s anywhere from 8-15% of WF. Good luck to all
Hotline #
Anyone got it?
Layoffs cancelled until 2027
Another business unit is being sold next week, can confirm this amount is enough to keep 9% of the WF until next year instead of terminating this July.
Very important news to share
We are returning to hiring and growth.
Where's the accountability?
They always have an excuse on earnings calls. Covid, Presidential elections, war, gas prices, etc. When will analysts call their bluff? They’re so far off from paying off their debt. If they don’t do sell offs, they will continue to cut expenses... — read more
Who the fu-k designed Netiq ..
Never works. Horrid software.
Is there a plan here or are we making this up as we go?
I have been at Open Text for a while, and I still can't tell if leadership has any kind of long term strategy or if we are all just responding to whatever crisis popped up most recently. My previous employer had plenty of problems, but at least they... — read more
brain pivot
it is tough to work here, full stop. BUT i like my manager and peers, i'm happy to be here with them. i hope we win and i hope we can make it work. i see and feel the pain......but let me tell y'all about the company i came from. i hope the opentext... — read more
At least we have time to prepare for the next round
I know people hate the wait, but knowing something major is happening in July is much better than just coming into work one day and being served your walking papers.
We are hiring and returning to growth
The title says it all. It’s great to be an OTEXer and shareholder. Our customers should be pleased.
The morale is bleak with constant cuts
Do they not realize that happy workforce equals profits and unhappy one brings major drops in productivity? It's been proven again and again. What's their aim here? To keep making us more and more miserable until what? We quit? Is that what this is... — read more
What does the future look like
I think revenue will continue to decline, staff numbers will decrease every year and the company might survive as a content company , cloud based with around 8k employees It's also conceivable that content may not even save us as better products... — read more
Today is the day
We are hiring and have returned to growth
Focus on what's good for you
This company isn't it. Gave up on a turnaround long ago. Layoffs are the main event here. I do my job, nothing more. Dedicated exactly to my pay grade. Effort won't be rewarded. Focus instead on your well-being and job hunting. Works wonders against... — read more
Hiring and Growth Posts Don’t Match the Ground Reality
To those posting positively about hiring and growth at OpenText on the threads here. Please do a reality check on how things actually are here and across the industry. If you haven’t done your own research, ask around. Plenty of people will give you... — read more
What happens if no sale for ADM?
What happens to ADM if it's not sold?
We need lots more people
We are hiring for our return to growth We need lots of people fod our new customers
How big in July
Will it be less than 1000 like in March or will it be bigger ?
As sure as the sun rises in the east …
… water is wet, there will be more layoffs. In fact, the layoffs are ongoing, just not in one big axe like in March. The next big swing will be within the next 60 days. They have told you the plan: greatly reduce company size and become nearly... — read more
So far behind in everything
Some managers have less than 5 reports AI is barely being used, if at all Meanwhile companies that will survive are flattening the orgs and making managers have at least ten reports and AI is used everywhere We are so far behind it's worrying
Please tell me what's going to happen
Are there layoffs coming ? Will the business survive ?
Stock falling again
Down 4% already today , a big gap down Up days were on low volume, fund managers are getting out of this stock OT won't be in existence in it's current form in 12 months. At 15 bucks it will be taken by PE
Are we growing ?
It didn't look like it on the all hands, lots of red but we will get there they say
Thought on all hands
Any thoughts ? Are we hiring and returning to growth
Short interest growing since 4/10
Just saying.
losing 5 hrs a week working thru our busted systems
error codes on every link, using multiple browsers to load things, password change failure, support tickets unanswered, HR unresponsive, expenses rejected / declined. what the fu-k is going on here. the monday morning bog down is so brutal EVERY week... — read more
Financial madness is just culture here……
Offering renewals discounts on an early PO from customers that gets booked in the current FY but not invoiced till it’s actually due next FY is wiping revenue out for the sake of a couple of months. It’s done so renewals managers get their bonuses... — read more
Don't feed the trolls
The shills or trolls (doesn't matter which) who keep posting the "we're growing! everything is awesome! the people we laid off deserved it!" BS are just trying to bait us. If we stop engaging with them, maybe they'll get bored and go away. The best... — read more
OT Stock is near 52-week low, also 5-year Low. Will the June cuts help?
Stock is bleeding out. Will the cuts help?
Over 200 job openings
We are looking for lots and lots of people to help with the return to growth We are hiring and have returned to growth
There is a term for what we are experiencing, and it is structural failure
We have operated under repeated rounds of cuts and layoffs for an extended period. Each round comes with no follow through and no coherent plan. The result is that the organization has finally reached a breaking point. The systems are brittle. The... — read more
We are ripping ahead
New customers are flooding in , we are hiring and returning to growth
Confirmed - 100%
We are thriving, hiring abd returning to growth No more layoffs. Just extra people to deal with the new business
I can't afford to be laid off
We have a baby due in just a few months and I've never been this scared about job security. I can't afford to be laid off right now. Not with hospital bills coming and a new mouth to feed. Every rumor about cuts makes my stomach drop. I don't know... — read more