It is already starting. None seem to care Mark is fired. But many do not like the vagueness around which products OT is selling. Who wants to make a commitment to tech that some other company may own or that OT will stuff into a dust closet until... — read more 

Paul is the right guy for the job. This company is in trouble without him

With all the changes taking place at OpenText, when do you think there will be a layoff or exits of non performing sales reps.

Our experience was he came to Sydney Australia stayed in a hotel room with security goons. His keynote was a mess, like his reports

https://www.deep-analysis.net/opentext-files-a-new-flight-plan/

Sanjay Mirchandani, Paul Cornier, Michael Rhodin. Plan is to trim the workforce, sell off portfolios to lower debt and then sell the whole company.

includes Mark because these are the last numbers I could find in the fy24 proxy Mark J. Barrenechea — Vice Chair, CEO & CTO: total compensation approximately US$14.7 million. Todd Cione — President, Worldwide Sales: total compensation... — read more 

Apart from reading off her AI generated slide shows with cartoon characters? Everyone else has informative slides and are not reading off their slides, they're providing more depth to the information provided and showcasing how they're leading (or... — read more 

Not that I trust leadership to be capable of choosing someone truly competent, who’d be good for both us and the company. But I guess it can’t get much worse than Mark. Maybe, at least, the next round of layoffs won’t be outright sla-ghter.

are we all part of a game?

Smartsheet CEO Mark Mader retiring; Apptio co-founder Sunny Gupta will take over enterprise giant as “acting CEO.” https://www.geekwire.com/2025/tech-moves-icertis-names-new-ceo-as-samir-bodas-steps-down-smartsheet-adds-security-leader/

Long before Mark was fired because he didn't meet the conditions of his PIP essentially, OT has been readying ADM and ITOM for sale. These will be the first to go.

That's the question I typed into google every work day morning for the last two plus years. On to better days!

Mark fired or pushed-out people that didn't support his views - how does any of the leftover leadership square being able to succeed there? They all enabled him. All of them should be name defendants for fraud and breach of fiduciary duties. ... — read more 

https://readthepeak.com/newsletters/separate-ways

Mark J. Barrenechea’s reported CEO compensation at OpenText across his entire tenure to date (FY2012–FY2024) : $155,589,551USD. 2023-2025 he fired about 5000 people. He cut merits to the bare minimum. He cut costs everywhere he could. Yet he... — read more 

Rumours abound that Mark’s layoff was a surprise to him and that the board offered him a graceful way out but that he didnt accept it. We heard M&A during the earnings call. This the firing of Mark be a prelude to OpenText being acquired? If so... — read more 

Your thoughts?

Come on Paul. You can post more and we can all laugh at you.

The initial sticker shock and gossip is dying down, it's day 2, you have a sense of peace and hope, but also fear and uncertainty. Enjoy this period, take a minute for you, the reign of Mark is ending, there will be more changes to remove more of... — read more 

Or am I an id--t for believing that things will actually change for the better after the CEO ousting?

Savinay, Carlos, Eric...we are stretched beyond the breaking point. Please do not ki-l us with unrealistic expectations. Help us get stronger, get our confidence back in the company, so we can all thrive together. Amen.

I feel bad for the people who were laid off in March and April. It didn’t have to happen that way—they should have decided to replace the CEO earlier instead of cutting employees who rely on their paychecks. Was the CEO fired because of AI?

Personally, I probably wouldn’t look for another job — I might just sell everything, buy an RV, start a YouTube channel, and travel across the country.

happy, relieved, panicked, or conflicted?

the news is everywhere

Are more layoffs coming?

It’s initially good. Because of this change there might be new trust into the company strategy and boost sales/confidence/stocks from external peers. However medium/long term we will see what the new CEOs strategy is. If they will downsize the... — read more 

My vote for us would be Paul, but I see on another thread he may not be the best option.

They are, after all, the ones that let Mark run this place into the ground. They should have all been let go to, unless they found God and see the error of their ways.

Paul is a smart, honest leader. He also cares about employees. It’s time the LOVE model gets implemented internationally.

As Janine from Ghostbusters would say: We got one!

Right after I left I was contacted by a few firms that wanted to "debrief" me. What will happen with the suits that were hovering out there. Mark pretty much oversaw billions in misallocation and capital destruction.

Anyone have the emails they can share?

https://www.theglobeandmail.com/business/article-open-text-ousts-ceo-puts-more-divestitures-on-table-as-organic-growth/ Their spin on the press release

Mark B was cyber everything, numbers on that BU were terrible. First BU to go will be MF Cyber too expensive to maintain the employees are hard to retain.

Bye 👋

Is this good or bad though lol

Long long overdue. The company can now get back on track to making good products instead of funnelling money into The Hut’s pockets. The board members finally woke up from their decade long nap. Good riddance.