Only sales to get impacted and in very small numbers
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~2450 now.
@20d not sure - I've been consistent with my numbers (not 20%)
@20c that's only 10%, what happened to the massive 20%
@a7 ~2300 names now.
It is not only sales. More engineering will be hit. 100% fact.
@fg maybe Ayman will change that https://finance.yahoo.com/markets/stocks/articles/open-text-otex-ceo-2026-130615152.html
@f3 same. Volume on our stock is horrible. Our stock is floating like a peice of wood in the ocean.
@f2 and yesterday ? And the day before that ?
@f1 everything is going up. OTEX is going up less that most. We're down nearly 50%. Stock price movement today means nothing.
@ex it already has been as can be seen in the stock price
@es - that's flat. 0-2% growth,
1.25B last year this time vs. 1.28B
really is shuffling legacy contracts into "cloud" category. You think 2% growth for a company in AI and cloud categories is going to be viewed as positive?
@ep https://finance.yahoo.com/markets/stocks/articles/opentext-report-third-quarter-fiscal-130000423.html
@e2 - can you share the link?
@dz read the preliminary earnings report released a few days ago, modest revenue growth so the company is back to growth
@dz sales are happening right now, business is back to growth
do u know how difficult it is to transact with OT? good luck without sales
@cx Divestitures are to be announced, debt reducing, sales increasing
The stock is telling a story.
No more layoffs this (fiscal) year maybe.
CEO has already made the decision , no layoffs and we are hiring
No decisions will be made until Ayman comes onboard on Monday. Til then it’s wait and see, everything else is guesses.
@c9 Honestly, that is as good of a source as any at this point.
Certainly no updates from OT management about what is going on. Other 'tech' companies say, "we're laying off 1200 ppl" do it, and move on. OT is just kind of there. Quietly doing regular layoffs, seldom announcing anything, and... keeps doing that, year after year.
Something's gotta give
Source: trust me bro
Your sources are really wrong.
@as Look, the people who heard layoffs have their sources yall have yours.
But it benefits OT more to downplay it or refute completely than say it's coming and be minimal.
We won't know until then either way - but one side has a lot more reason to lie here (your productivity).
@ah nope. It's true. I heard the same
This is 10000% false
@a9 - 20% would be a major shift in strategy.
10% is similar to other west-coast tech companies with strong revenue and stock multiples.
@a7 even if that was true which it's not. That's only 10%, a long way from the 15-20% someone was saying earlier
has around 2100 names now.
Correct
no.