Being told to implement IA to do your job, so we don't need you anymore, or we will let you go, makes no sense. Especially when no tools or assistance are provided.
It's like telling the bus driver to implement a self-driving system so we don't need you any more, or we let you go and we will implement one ourselves, while the bus and it's customers sit at the curb. We need someone to write the book, "how to ki-l a company with two letters".
8 replies (most recent on top)
IBM will be OpenText’s Broadcom. Broadcom’s strategy (led by Hock Tan) is the ultimate evolution of this model: buy a titan (CA, Symantec, VMware), cut the bottom 20% of customers/products, and focus exclusively on the "Global 2000."
"Shrink to grow" I believe is the final nail in the coffin, and once year on year revenue drops so will the share price and the dividend.
They could have invested in these business units, now the company will have less revenue, less chance to ride out any economic waves from just one industry.
Yes Mark++ made some poor decisions (Looking at you Micro focus) but with some nurture SMBC could be very profitable for example.
The whole move everything to the lowest cost centers never works, never has, sorry but not sorry, no innovation comes out of India, never has. You don't see any big tech companies coming out of India being used anywhere across the globe, except call center scammers.
The share price is the lowest it's been in over 11yrs!
@cn I wont pretend like I'm smart enough to say whether or not it's necessary. I imagined OT was waiting on our own agentic AI to be ready before the push for it. We have some sandbox access with permission needed for access, but nothing readily accessible yet. Doing it now? I think OT's habit of being late to trends is going to be exacerbated. Laying too many off, AI lawsuits or worse it does become a popped bubble, being unable to truly compete for talent for any overcorrection. Assuming most clients don't start asking for anti AI contract clauses. Enough of them do that, paired with GDPR requirements, OT can't really opt for that everywhere.
We're late to the party, taking the same gamble, only to lose harder.
The board has no choice but to take this step — the company is sinking deeper into the abyss day by day, with virtually no realistic hope of a turnaround or revival.
Originally, there was some optimism around selling off certain SaaS businesses to generate cash inflows, but the rise and rapid advancement of AI have turned acquiring SaaS assets into a potentially money-losing proposition.
Many companies have already achieved meaningful efficiency gains through digital employees (something like openclaw, it really works), allowing them to cut staff in roles easily replaced by AI. Yet OpenText has done essentially nothing in this regard.
Less than a year ago, the company was loudly proclaiming it would build its own coding agent, pouring significant funding into the India site to purchase GPUs for the effort. In the end, the board and executives were misled — it simply couldn't be delivered.
As a self-proclaimed tech company, however, they feel compelled to keep hyping AI at every turn, while simultaneously continuing layoffs to stay in sync with other tech firms and project an "AI-first" image to investors.
With cuts reaching the limit elsewhere, the large workforce in India — numbering in the tens of thousands — has become the final "vast prairie" left to harvest. This entire situation is one giant bubble.
F(ai)L
You can't even tell the difference between AI and IA?
How's the weather this time of year in Hyderabad?
do you mean AI? lol
Just comply until you get laid off and get a job in a proper company