Thread regarding Open Text Corp. layoffs

@sd 'Who buys/helps us reduce debt' is fair.
However, if both lead to the same outcome I feel that fixating on who is a bit more small potatoes. Unless the money offered is substantially more, I think a good chunk of folks may treat that as interchangeable.

Again, there are lots of people with no knowledge pretending to be part of the inner circle.

I doubt very much that the company is for sale because very few companies can afford Opentext at its current float. The companies that can, don’t want all of the ancillary businesses we own.

My guess is they have been talking to banks and other organizations to sell off than not essential parts of the business. This makes perfect sense. We acquired too much garbage acquisition and it’s time to get rid of some of it and pay down the debts

We need K-Mart to buy us and we could be part of the rebranding of a new digital Sears to take on Amazon.

In the Waterloo region alternative employment options are drying up unfortunately.

In short, there was this well-off country squire, living the good life in the sticks, who just had to chase dreams in the big city. Ended up drowning in debt and slinking back home, tail between his legs.

MF was a terrible idea. I didn’t like their products before acquisition and now people are shocked how bad many su-k. Will see on all the others.

@aa I mean, the company literally bought MF for like what 4b, and absorbed 7b of its debt? I still question to this day why and in what world that acquisition made any sort of sense given that MF products really aren't that competitive (no offense).

@ay as long as it stays up long enough for my merit-based freebies to vest.

...and that we aren't laid off prior.

Most stocks get some positive uplift, but question is does it maintain.

When the MF shares became public our MF shares skyrocketed. The OT shares maybe a good buy if there is an acquisition.

I still remember the day in month of Sept, 22, when MF purchase became public. I told to few of my peers, OT will sink with this, or become a private company in few years… as it tried to bite way larger than its mouth.

Everything since the MF purchase has been about making the company a smaller, more attractive acquisition.

More layoffs to come.