Thread regarding Open Text Corp. layoffs

OpenText is all about show. Got to post job openings to appear like everything is OK. The show will go on until the executive lose large amounts of money in stocks. Then they leave and new executives are hired with large signing bonuses and golden parachutes until all the money is gone.

Any hiring at this point is to convince a private equity firm that we have are sh-t together to be attractive to buy. And in some cases backfilling a few positions here and there to keep the business going. But there will always be layoffs looming until all parts of OpenText are acquired. There is nothing at here that would allow us to thrive again as an independent company. The only people thriving in the company are salespeople getting customers to commit to short term contracts, they are getting big commissions to make us look good, but the numbers don’t lie and there not much gas left in the tank. My guess is after all the non core assets are sold off a company like IBM or SAP will buy us just for the ECM to be integrated in their stack.

@gx crazy. They shouldn’t be hiring anyway. Too many employees for only $4B revenue. There are already way to many people.

Cheaper to hire in Canada, its the new india.

OT wants US business but hires only in Canada and moves US job in Canada and offshore. Someone should be reporting this to Department of labor and Tweet trump about this organization .

@OP yet many of them ever get filled. Smoke and mirrors. I am a hiring manager. Been through the entire hiring process only to have a “hiring freeze” put in place right before an offer is approved to go out and the REQ being eliminated or the REQ just being terminated for no reason while still interviewing.

OpenText will be hiring in the Middle East https://www.opentext.com/about/press-room#:~:text=OpenText%20opens%20regional%20headquarters%20in,January%2013%2C%202026

With statements like this in OpenText’s blog “ OpenText's vision for the future of IT operations, where AI and automation act as the first line of defense, handling the vast majority of issues without human intervention.” that means there won’t be hiring at least in the support organization.

@en 3 hires in non-U.S. regions out of 121 mentioned in this thread opening post.

You are astonishingly gullible.

New person in our team recently started in waterloo and two in Ireland, these reqs are real

@bp
You nailed it! (as well as @Av's reply before yours).
When you said:
"We need to give the appearance to prospective private equity firms that our non core organizations are worth buying and give our shareholders enough so they hold our stock."
I wish every current OT employee reads this twice. I see a lot of posts about product and AI offerings...organizational structure, engineering staffing, Who is going to be CEO etc. While these are all valid in a well organized functioning company..that train has left the station. Regardless of upcoming results if the divestitures don't happen at the right price ..there are activist firms that will come in and make accountability finally happen. THAT will be the bloodbath many on this site are warning about.
There are flashing red lights that many are ignoring.
Any current OT employee not currently looking for a job is whistling past the graveyard. Please start to plan, your skills, knowledge and mental health are worth so much more than staying at OT.

Fake recs that will never get filled. Recruiting has to show some openings, also canadian labour laws have requirements for canadian companies.

@av "Thirdly, please refrain from spreading misinformation or creating false expectations. and show respect for the intelligence of the readers of your post."

They don't think that way in India... Shakuni and Ravaana.

@ck I heard they are replacing folks in other countries with cheaper folks in Europe and India.

I'm in Europe and new people are starting every week

@OP sorry you got sh-t on but that’s the truth

@av well said. Posting positions is different than actually hiring. I’m sure most of these do not have PIDs and if they do they are not in the budget. Our company’s problem is simple, we don’t have organic growth and we have churn. We need to give the appearance to prospective private equity firms that our non core organizations are worth buying and give our shareholders enough so they hold our stock. We do have high margin products but that won’t last without organic growth and thus we need to freeze hiring to keep operating expenses low. Andy Grove the former CEO of Intel stated executives should approach planning as a fire department would: adaptable, prepared, and capable of responding to unexpected challenges. Our executives (and Intel’s) simply hoped that AI would solve all their problems. But even Salesforce is starting to see AI is not ready to take over all jobs https://www.tiktok.com/t/ZTh68826Y/. However we are not is a position to increase headcount so don’t be fooled by job posting.

These job openings are not actually intended to be filled. Their purpose is to signal to employees, the board of directors, current investors, and potential investors that the company is thriving and that investing in it is worthwhile. I know this because I worked in Open Text human resources department for 4 years, during which we posted positions and conducted interviews even when we had no intention of hiring anyone.

Secondly, the current market is in a de facto recession, with companies implementing layoffs due to increased use of AI and declining sales. Under these conditions, no meaningful expansion—or corresponding hiring—is expected.

Thirdly, please refrain from spreading misinformation or creating false expectations. and show respect for the intelligence of the readers of your post.

OP, you're not very smart.