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
How do you go about your day knowing a layoff could happen at any moment?
It feels like any day could be the last one you spend working alongside your coworkers. When you're laid off, the separation is sudden—you lose access to everything and everyone connected to the company in an instant. So, what would you say to your... — read more
At OpenText, we believe that maintaining physical, emotional, and mental health is essential for enabling each of us be our best.
Shake my head. How tone deaf can you be, OpenText? "For me, it’s the little things that really help, like stepping outside for some fresh air". Well, for me, it's the little things like a strong ELT, realistic, achievable product goals... — read more
Did Mark go into the office 3 days this week?
I don't think he did, he's busy with his feet up in business class flying to random countries like he's on vacation. Time for a chat with HR, Mark...
Lets get real childish
Mark Barrenesh-t, how do you sleep at night? Ether in your CPAP?
Guess who has this listed as “About” in LinkedIn
Humanist, eternal optimist, technologist, long-time mentor and pupil. “If you want to build a ship, do not drum up the people to gather wood, divide the work, and give orders. Instead, teach them to yearn for the vast and endless sea.”—The Little... — read more
Ireland
Is Ireland a centre of excellence?
Who is Roger Painter Chief Executive at Google?
Who is Roger Painter Chief Executive at Google? https://www.linkedin.com/in/roger-painter-4a081b363?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app
Transcript of the earnings call
https://seekingalpha.com/article/4780535-open-text-corporation-otex-q3-2025-earnings-call-transcript
I'm about to hit that dreaded rule 70 mark
How worried should I be?
Where is everyone applying these days?
I know a ton of us are job hunting, including those freshly laid off. What companies are worth looking into? And for those who already left, where’d you land? Help a desperate soul out, please. I can't find anything that's offering even half decent... — read more
Will you reply to MB on LinkedIn post?
It's disappointing to see a former OT employee criticizing the CEO on LinkedIn, suggesting that the positive Q3 earnings report is primarily the result of recent mass layoffs
Another 2000 will be laid off in a month
Two thousand employees are going to be laid off. I'm treating each day as if it's my last with my amazing coworkers—feels like I could be let go at any moment. I saw the CEO’s email, and he’s blaming the year-over-year decline entirely on tariffs... — read more