Given the big announcement by Amazon today with their layoffs, and our leadership change on the way.
Do you think we will see any layoffs in Q2?
30 replies (most recent on top)
@1bb You mean before the all hands on 10 Nov?
Yes, layoffs will be before the all hands call, where it likely will be announced or alluded to. The process is well underway.
@15g 🤣🤣🤣🤣
Remember in the movie, Billy Madison, there was the teacher that used to be a wrestler named the revolting blob?
Would anyone else pay to see Mark B in the ring as the Revolting Blob?!
I sure would!
@19n I'm more surprised about the AI part - it's confirmed for the yeti thing at least. Corporate stuff goes from unique, to 'cute' to soulless and simple usually.
Made by AI means they technically can't 'own' it. If it's human touched they'd only have those human-done pieces. Now I'm not saying put them all over R34 or anything but im surprised that hasn't become an issue on its own. But if I were to want them GONE gone, that'd be how to do it.
@19n What the fresh he-l is that bullsh-t?
@19g https://blogs.opentext.com/opentext-world-2025-elevate-together/
And at conferences they bring out these mascots. It boggles the mind that someone thinks this is appropriate marketing for an enterprise software company.
I escaped OT long ago. Where can I see this furry campaign foolishness?
@18z I mean - have you seen most furries' income??
We'd either be calling them peak technical talent or selling them our stuff. There is no inbetween. Aside from ours likely being AI generated; meaning dubious ownership at best.
@16f The whole marketing campaign around furries is absolutely bizarre and highlights how out of touch the leadership team is.
CEO to be announced Nov 10.
@163 Microsoft would just purchase it for the contract base and MSPs and ditch the products. At minimum we should stop reselling Microsoft through our AppRiver division.
@166 but waves hands AI! Aviators! Cloud9! Muppets! OT will certainly get it there...
@163 Because the prediction is reliant on OT knowing how to get it there?
I'd be more confident taking a paper mâché boat to sea.
Kaseya, ConnectWise & SolarWinds all have enough market capital to buy Carbonite/Webroot/Zix/Pillr/Novacoast
Why sell cyber products that is predicted to only grow in value.
@15g Microsoft doesn't need anything we have.
Microsoft makes a lot of sense to buy cyber , see recent partnerships
@12h Which company is big enough to buy cybersecurity?
I think they will break into smaller pieces to sell.
@12h Please ditch Shannon. IT is the worst run unti at OT.
Prentiss Donohue is back. Thinking they will announce that SMB Cybersecurity will be sold off where Prentiss and Muhi handle the transition and move to the new company . Then later in the month at OpenText World in Nashville, they’ll announce a new CEO and along with new ELT members… maybe Brian and Shannon will stay but the rest still have strong ties to Mark B. Don’t think there will be layoffs in Q2 unless the earnings are bad. A new CEO doesn’t want to start with a skeleton crew, but upper management will definitely change.
OT using a 2022 build of GenAI tool with their slop added on. Forget Aviator, Mark++ is more appropriate
I’ve heard people suggest that many junior and graduate-level tasks are already being handled by AI tools like Copilot.
Work such as basic coding, copywriting, paralegal support, and data analysis is being automated.
A large share of these entry-level roles is currently based in lower-cost regions like India, so more senior positions may face less immediate risk than cheaper junior roles.
This time the focus will be on M1 and M2 managers. There are too many with too few direct reports.
April seems like the right timing.
By the year-end financials in July, they can report to shareholders that they’ve achieved $X amount in cost savings.
I'd bet the farm it will be 5%, in the first couple of months of 2026 again, April possible like 2025.
Why, other big tech companies Meta, Amazon, Microsoft etc all announced layoffs due to AI, to justify all the spending on AI. Opentext follows, never leads.
@ek you mean in April 2026?
100%, April 2025
OT is divesting with the goal of extracting maximum value before selling the entire company outright. Yes, there will be layoffs to reduce unneeded headcount to reduce costs to...you guessed it, boost the stock price.
The smaller the company with a higher stock price, the more they can sell the entire company for.
@aa
Agreed. Layoffs are fairly constant with OT. They just don't publicize them unless they absolutely have to.
While I have zero inside info, I do anticipate they'll remain low-key until the BOD identifies what they can get for parting out the portfolio. After they get what they can from that, they'll likely be more (and larger) layoffs. Place is run like a VC shop anyway.
Just my 2 cents.
If anyone says no, must be from ELT who is already paid to lie.
Recent tie up with Telus for infrastructure, TCS & CGI for AI/ DevOps and PS.
So you think anything is left to be outsourced ?
Do you remember, one time CIO said we will save 10 Billion 10 years… your wages is included in it .
Good luck if you survive.
I liked what somebody here recently said. Asking if there'll be a layoff is like asking if the sun would rise tomorrow.