Any layoffs coming up ?

It's a con game. The company has no incentive to care about your feelings. Any and all morale boosting is just managing useful distractions. They dangle carrots, or vague promises they have no intention of keeping, or soft reassurances of your job... — read more 

Get ready leadership ping pong 🏓 starts

Because it feels like it to me.

Happy new year everyone hope yall have a successful year getting out of OT and landing an actual job in a better / good company. I would say great but even good is better than OT. I will be interviewing over next two weeks. Good riddance OT. They... — read more 

It is no longer a question of if, it is a question of when. Shorting OTEX will be profitable if timing is correct. So, when will OTEX die? According to Yahoo finance, no "analysts" have rated sell.

https://www.nerdoutonbusiness.com/p/will-enterprise-software-stay-sticky-in-an-ai-world OpenText is a useful case study for this question. The company runs on long-term contracts and deep switching costs, but AI is making it easier for companies... — read more 

This is what I think will happen CEO won't be a nog enough name Stock will hit 15 dollars Struggle to sell any of the business 20% layoffs

Will they wait for May-June when the first carve out is announced?

At this point, I'm convinced the damage done to this company is irreversible. The problems are so deep and systemic now that even the most talented leadership team wouldn't be able to turn things around. We're past the point of a simple strategic... — read more 

After eight months, I'm still looking for a job. I had a few promising interviews just to get ghosted in the end. I'm lucky because I have plenty of savings to be okay for at least another year, but I know so many folks who are not so lucky. These... — read more 

I wish us all the best of luck, and hope we find better jobs at companies whose survival we don’t have to question.

Be ready

Consulting companies for modern tech recommend 1000 per billion revenue, that would mean 5000-6000 employees The math doesn't work and selling 25% of the company won't be enough. For anyone left there will be massive layoffs

Will the company survive another year ? And if so, how many employees will it have

Watch this video: https://videos.opentext.com/watch/4WQFRhcuwY5a6Psvn5Tuv2 What problem is this solving? Without Sandy and Mark, there isn’t all the ra-ra so these pitches sound worse than before.

Middle managers should be clearing paths, growing talent, and preparing teams for the future. Too many here do none of that. Here, problems always get ignored, issues mount, and nothing ever improves. Sometimes I wonder what’s the point of having... — read more 

Something isn't right. They had a finalist who dropped out? It's been 6 months and suddenly Tom Jenkins has gone cold quiet. There is some significant disagreement going on amongst the board and internal division.

What is everyone planning to do with their OT stocks (from ESPP or other means). Sell? Hold? It is at a much better price than what is was before. so just sell and invest in some better company, or could this go higher than what it is currently. When... — read more 

What are the chances of the company going under in the next 2 years ? Or will it survive and turn itself around

There are many, many fun and frolicky events taking place and planned for January and February, sponsored by senior leaders, who have zero concern about spending money. Pretend meetings with special team building events costing hundreds of thousands... — read more 

This is what I've heard

https://blogs.opentext.com/tis-the-season-to-simplify-work-5-ways-ai-helps-teams-wrap-up-the-year-smarter/ Give employees the gift of better focus Perhaps the most meaningful impact of AI content management is how it changes the employee... — read more 

Does anyone know where Sandy went? Fired or resigned? (may have been covered here but) Brian Sweeny is gone as of last month. Any more expected executive departures from the old guard? Paul, James, Shannon .... I'm looking at you.

Besides the people that were let go, the impact on their families and this ever changing landscape, where it is difficult to find a new job, there are other casualties as well: Work that will fall on the decimated teams, survivors guilt, and... — read more 

How many people got let go yesterday

How do you get to be an executive and not understand the golden rule of always tell the truth. People respect you when you are truthful and explain why painful things have to be done. Guess who has z e r o respect? The coward who cannot even... — read more 

NetDocuments acquired eDocs from Opentext. Does anyone know of any other noncore solution being sold off? https://ca.finance.yahoo.com/news/opentext-sells-non-core-business-120629553.html

What happens when an employee is laid off after a divestiture? Like when a severance is paid how many years of service is taken into account: is it the number of years at OT or at the new company? or do employees get a severance during divestiture?... — read more 

With the plan of divesture and consolidation and rationalisation etc, will the new CEO just continue along this path ? Could the CEO change course again ?

Can somebody name one thing that improved since the last reorg that cost so many people their jobs?

https://www.linkedin.com/posts/bellshannon_opentext-saasnorth-ai-activity-7392316748789645313-ZHe0?utm_source=share&utm_medium=member_ios&rcm=ACoAAABhB4MBcBHRibYSCOVJE9N6rfUeHc5O6F8

And I regret it, i can see it's a dumpster fire already. Will it improve ?

When are next layoffs ?

Something to sound like an AI start up? OpenText as a brand sounds old and not sure how many companies associate us with successful AI.

Will there be more execs to leave in engineering and ops?

Are there layoffs next week ? If so what geo and groups

Rumor has it there is a significant Marketing "reorganization"

That's right, when you worked hard all year and you find out the execs made great bonuses and you got less that the cost of living increase. And that's IF you got anything at all. So nice to work for a company where every year you stay with them... — read more