I believe today’s layoff is a poorly timed and misguided decision. With the stock market showing signs of bottoming out, this is the time to invest and grow—not pull back. These unnecessary cuts are demoralizing and ultimately counterproductive. — read more 

They let everyone go, especially acquired like hMF, keeping sales teams but no one to patch or support the products. EMEA will now become India only (eventually), US is just Canada. Justifying the cost being saved by getting unskilled people in... — read more 

I know this is supposed to last the whole week, but it seems that today was the main day (even bigger than yesterday) and maybe the following days will be just for the people who are on vacation/sick leave/etc.

What you’re hearing, ask questions, vent, post timelines, team impacts, rumors, confirmations, tips, suggestions, things to do, or just support let's each other...

It's rough but stay strong. i'v been there and it felt like giving up on everthing. for 3months i interviewed at over ten companies then nothing for weeks because of the holidays. every time a recruiter asked why i wanted the job i just wanted to say... — read more 

https://www.linkedin.com/posts/samuelcarmichael_hiring-were-looking-to-add-another-experienced-activity-7320468206333145089-1GAD?utm_source=share&utm_medium=member_desktop&rcm=ACoAAABhB4MBcBHRibYSCOVJE9N6rfUeHc5O6F8

A call? A mgr/dir calls? HR calls? Separate meetings? What do they tell you? Anyone with experience on this board?

Multiple insiders report a company-wide WFR of 10 to 12 pct, with some teams like Quality in the US and CR 100% wiped out.... Layoffs are happening in phases, with remaining staff expected to knowledge-share before being replaced. Some say it's... — read more 

That won't cause any problems

Sounds like 500 which is a tiny percentage.

https://intellizence.com/insights/layoff-downsizing/major-companies-that-announced-mass-layoffs/

This move shows a complete lack of understanding in how to run a sustainable business. Leadership seems more focused on short-term optics than long-term health, and it’s becoming increasingly clear they’re out of touch with both the market and their... — read more 

Approx 3-4%? Not interested in exaggerations.

He was laid off and is only getting six weeks of severance. In my opinion, that’s disrespectful at best and intentionally insulting at worst.

If you are part of a work group that was decimated this week whereby a large percentage of your peers were WFR (Israel for example), unbeknownst to you, the rest of you were kept on board only to provide knowledge sharing until end of June to help... — read more 

If so what roles?

Any impact in Ireland with layoffs ?

Why does the ELT make so much when their performance over the past 6 years is poor? Board is liable.

UK "Business Update" 22.April 2024 Many compulsory redundancies coming throughout the UK locations.

So this is a serious question. Not a joke or sly comment. There are all types of weird people in the world that enjoy weird unusual things. Does anyone think Mark genuinely enjoys laying people off (secretly)? Could it give him a high by proving he... — read more 

I am sure legal and comms leaders are reading these messages terrified we might reveal the truth about the dying Opentext. What message would you give to those leaders.

Can anybody share if severance is the same as the last time or if there were some changes? Please?

Takes time to kick so many of us to the curb. Any idea when the last day of notifying people might be?

Mark B. took this route to layoff 10k employees is to keep media out of network. OpenText stock price couldn’t bear another public negative review as $25 price is near to nothing. He must’ve discussed this to HR head, accountant and board members... — read more 

Spot on. Lots of solid intel. Today's internet is mostly noise and BS. Not here. Sure, we have the usual troll spam, but I've seen some quality posts over the last few weeks that in retrospect we're accurate as he-l. Thanks for the info, and... — read more 

Will layoffs continue tomorrow?

Anyone know who got let go? Was it virtual folks, managers, performance-related, or people from the Center of Excellence?

Is it still easy for remote workers to find fully remote roles after being laid off? With the current trend shifting back to return-to-office policies, landing a new job might require relocation. That’s a tough situation—especially for those who may... — read more 

I don’t know if I’m getting laid off but I did see a Meeting invite tomorrow with someone I don’t know. Is this pattern for laid off ? Or how they are announcing layoffs ?

https://www.linkedin.com/posts/opentext_goatatwork-activity-7320102624760893440-342b?utm_source=share&utm_medium=member_ios&rcm=ACoAAABhB4MBcBHRibYSCOVJE9N6rfUeHc5O6F8 Unlock faster resolutions, greater visibility into your systems, and more... — read more 

The stock price has been plunging — it’s like watching something spiral down the drain.

There’s a possibility that the layoffs may be focusing on virtual workers or those who haven’t fully complied with the return-to-office policy. Are you feeling uneasy about this?

other than utah, anywhere else?

https://www.gurufocus.com/news/2789840/barclays-revises-opentext-otex-price-target-ahead-of-earnings-otex-stock-news