It feels like we've hit rock bottom.
Ratting out bad apples
I've been at this company for ages, and I've worked with all kinds of different teams. Even besides the top C-suite folks, there are some total deadweight employees that really should get fired or transferred to another department — especially the... — read more
LinkedIn is exhausting
I had to reactivate my account because recruiters kept asking for it, but the constant posts about nights out, people partying with coworkers, and random personal photos feel so unprofessional. Does anyone actually use this platform to help others... — read more
Thoughts on CEO All Hands
What is everyone's thoughts on today's Town Hall?
Watch your back
Can confirm that company is actively monitoring office attendance and employees who are not complying with what is now policy will be terminated. Also, outside of sales-coded roles, there will be NO hiring for virtual employees. Waterloo is the... — read more
What Open Text did to me
I came here excited about the work. I was full of ideas and wanting to make things better. Open Text took all of that from me. They don't cultivate innovation. They don't even pretend to. Any new idea gets met with bureaucracy, indifference, or... — read more
Compressed performance reviews?
Anyone able to shed some light on the “compressed” performance review cycle announced this past week? The pessimist in me wonders if it’s just to accelerate the next round of layoffs, but I’d love to know more.
The crackdown has begun!
Got flagged for occasional coffee badging. They must be monitoring the cameras. Any others?
Only sales in June / july
Only sales to get impacted and in very small numbers
ADM update anyone?
How long until ADM is sold off? Is there a definite buyer? Will the potential sale include employees or are they likely to get laid off before the sale?
Are managers getting targeted for this next layoff?
I heard sales people will be targeted as per previous treads but will managers from different departments will be too?
Right? Why no voluntary redundancy?
Nobody's exactly clinging to this place. A voluntary package would have takers, lots of them.
June or July
Some people say June, others July Which is it ?
Random layoffs still ongoing
Are random layoffs still ongoing? I’ve noticed a few people randomly disappearing this last week.
Generational entry on OpenText stock
Full port in.
Non-core sell off?
Does anyone know which non-core BU will sold next? Any confirmed buyers or rumors anyone is hearing? My area has been totally silent about it...
many are quitting - let alone the layoffs!
looks like OT should offer a voluntary redundancy round - they'd get a few more takers for sure! Maybe write a book on it. Canada/US market is open for business. closed to opentext - see ya #Energizing Life Every Day!
The layoff logic I don't understand
I've seen several rounds of cuts now. And I still don't get how they pick who goes. Because time after time, the ones who get cut are the people who carried the team. The ones who went above and beyond, who stayed late, who kept things running. The... — read more
Company disintegrating before our eyes
Down another 6% today, can't drop much further now without default risk on debt and being taken private
Stock telling a story
Nasdaq up over 3% while otex is down 1% Once we miss earnings April 29, the stock is going to 15
Paul Duggan Out
Not waiting for July 1 like the exec chairman stated in today's email. Bounced today. House of Cards starting to fall. Wait until the FY27 plans are shared more broadly. Going to be a lot of unhappy campers.
no health insurance
trouble registering during onboarding, slow ticket remediation time, currently no health insurance and no work around........y even work
Any magic bullets this quarter
Last quarter we made the numbers due to last minute unexpected deals and currency tailwinds Looks like currency is now a headwind, anyone know how the numbers are looking ?
Do you know why we're failing so badly?
There is no follow through. There is always a new initiative being introduced. Big kickoff meetings, lots of excitement, and then nothing really happens. Within a few weeks, attention shifts to something else. How can anybody take us seriously when... — read more
Next WFR wave June
Massive reduction in force aligned for June under the code "restructuring". Starting July, company will operate under a completely new model. Won't get it into it here, but huge paring of middle managers (team leaders) and entire functions run under... — read more
Legal Hold and ADM to go next.
Legal hold tech and ADM are going go next. SMBC will be last as it needs a major player to buy it
I'll be honest
I wish I’d been laid off. Not because I’d enjoy being unemployed, but because this whole thing has me so mentally drained that I don’t know how I’m going to handle more rounds, and we all know there will be more. At this point, it almost feels like... — read more
Is OpenText trying to cheat people out of severance?
The severance letter says sacrificed employees must return equipment within 5 business days of the last working day to receive severance. OpenText told our former colleagues they would provide them with the box and prepaid label. That sounds... — read more
Casualties
If the layoffs are over for now, does anybody know the total number of casualties? It seems an entire BU in Engineering was eradicated. There will be nothing left to divest.
Culture eats Strategy for breakfast
And therein lies the problem
Ayman Antoun (new CEO) caught in disguise at Waterloo office
Heard a rumor that Ayman was caught in disguise walking around the Waterloo office as an employee. Can anyone confirm that or is it another April Fools joke?
AI
AI is good but our core tech and management are managed by those old school people, non competent guys. Why? Jon McNeill, the former president of Tesla, has released a new book, "The Algorithm," which outlines a five-step framework for Elon Musk's... — read more
OpenText named best tech company in the world.
And Mark Barrenechea is back! Happy April Fools Day!
When is next round ?
When is next round planned and how big will it be
Can someone explain this to me
If my boss isn't consulted on who to lay off, and my bosses boss isn't consulted then what's the point in doing any work day to day ?
Question for Managers re: RTO
Have you seen any enforcement measures around RTO? (I.e. HR contacting you to engage with employees who aren't meeting the 4 days in office requirement?) Or any of those employees impacted with the recent layoffs?
Dead weights under Shanon bell
With so many useless leaders under Shannon who don’t contribute to opentext success . Why are the still here ?