Nobody's exactly clinging to this place. A voluntary package would have takers, lots of them.
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@141 that 10-week ceiling is a brutal "thanks for your service" parting gift.
OT is too cheap for a package offer. Worst benefits in the software industry. They publish their severance, it's like 1 week /yr capped at 10 weeks.....lol
If everyone including leadership is shouting for you to prepare for turbulent times, the best move is to treat the lack of a voluntary package as your answer. The company isn’t looking to help you leave, they're looking to cut costs on their own terms. Don’t be fooled, all the executives would do ANYTHING to keep their jobs and increase the stock price.
Yeah. I agree. They are horrible unethical cheapskates. Offer voluntary redundancy, that way, you don't burn your bridges with your past employees. People talk and OpenText will never be able to employ talent again. Respect is a two way street.
A lot of people are clinging to their job because they are less than 10 years from retirement and don’t feel like starting over somewhere else. There are layoffs all over the tech sector and companies using AI as an excuse to slash jobs. The grass isn’t greener for everyone. Some divisions of the company are successful despite what people say here so the employees in those divisions are comfortable, want the stock price to rise, and don’t want a layoff just yet
Yes but you would either have to do that dept by dept, or you risk losing both too many or 'the wrong people'
I have people on my team who have told me they'd take one - I'm not against yall but OT seems to like controlling who they yeet. So we may never get something like that.