Obviously. A history of bad calls that go nowhere means PR fluff has no power left. I'll believe it when I see it. Color me suspicious.
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On thr positive side, Ayman is a Sales Guy, Not a Finance Guy. Unlike a pure CFO-turned-CEO who only knows how to cut, he is a Growth & Sales veteran.
And if OpenText sells the SMB Cybersecurity unit (Webroot/Carbonite) or Mainframe unit (Micro Focus assets) to a Private Equity firm they often buy these assets to polish them for a future sale, which can mean re-investing in product stability to stop the churn (unlike the current cash cow mode). And we may get leadership that cares about the product, rather than being a rounding error on our balance sheet. And spun-out companies often reset compensation bands to market rates to retain talent.
@ag They probably don't want to - but there's a non-zero it's too little too late. If non-core sell off, layoffs/offshoring are not enough they're going to have to either cut more or take the hit as undercorrection. Most teams are pretty tight in terms of people they can lose. Transitions that get messed up can lose deals. The places known to be hiring are known to have less than stellar work practices or are far below market rate.
If this wasn't calculated perfectly, it's a risk of not being enough unfortunately. And the workers would be looked at as remedy.
I really don't think they want to sell off all the company, just enough to pay down debt. They have said consistenly they want to return to growth with core products
The goal is to sell off all parts of the company and no longer exist. Ayman will be a transitional CEO facilitating that.