Why does the leadership keep doing this? What's being achieved? We lost two of our most valuable team members today. I've only been here for four years, they both had 15+ years with the company. I don't understand how you just decide to get rid of people who are so important for the future of the company.
12 replies (most recent on top)
@bd
Thanks BD...
It's "Preach Sista".
All the same, thanks for the sentiment.🙌
The company is run by the Executive Leadership Team, and they only care about themselves. If they could run the company with no employees, they would. As for tribal knowledge, they want chaos to drive change, and they understand the psychology of employees who want to keep their jobs. They plan to get rid of high-paid senior staff, believing that lower-level overachievers will fill in the gaps. We don’t have a union supporting us and fighting for our needs, so we must collectively agree to do the bare minimum, or the executives will win. However, that simply doesn’t happen, and the executives count on that. If your moral compass won’t allow you to do the minimum work, then please look for a job elsewhere that respects overachievers.
OpenText is not a tech company, it’s a financial company looking to extract money from outdated technology with little to no investment.
The executives are preparing the company to be sold, and if that fails, they all have golden parachutes for when they get ousted as the company goes under. The house always wins. We need to bond together and beat the casino, but if we can’t get everyone on board, we are just going to continue experiencing the same misery as today.
@a3 preach brother!
OT is run by d-mb beans counters not visionaries.
@a6
Well Said..!!
Particularly the analogy with shutting down the engines mid-flight over the Atlantic!
@OP https://www.workchronicles.com/p/comic-layoff-proof-fallacy
You are not important.
Stock important.
Number have to go up.
You no make number go up, you go bye-bye.
No money to pay people mean stock number go up.
Potato brain board and investors happy again.
You just line on spreadsheet.
Rhymes with Grug.
It's easily explained - they don't care, period. Future of the company? "Future" doesn't go any further than the daily stock ticker. If people like this ran an airline, they'd shut down all of a plane's engines in the middle of an Atlantic crossing in order to save on fuel costs. But the overall system encourages this mindset, i.e., there's more money to be made by manipulation and M&A than by the actual production of goods and services. And when reality catches up, the manipulators skip town with the receipts and leave the producers holding the bag.
They got paid too much
And by too much I mean a few percent more
Leadership is in way over their heads and ironically it is the shedding of institutional knowledge after acquiring companies in markets where they have never played (ie: MFI was Enterprise) and don't understand the product portfolio..but as soon as the ink is dry on the closing docs they do massive firing because they were arrogant enough to believe 'it's not that different'.
If you combine that with age, and a person's geo location (US especially California)...it's a no win for those employees. If OT has any chance of survival the new CEO will clean house at the top..and prepare to break up whats left of company.
Easy - the longer you work at any place the more you are being (theoretically and NOT adjusted for inflation) making. So it seems this is about the cashflow
Welcome to OpenText.
They look by the pay mostly.