Thread regarding Open Text Corp. layoffs

IMHO ....It takes very little to spin up a shareholder lawsuit and it typically rests on investor value lost (or not materially gained) over time. One look at OT's stock chart (at almost any period..up to and beyond 10 years) tells a compelling story for a shareholder lawsuit.

@d3 if they do and share it in a place where it cant be tracked - the friends with tea may come to yall then.

Fair enough, let's hope.

In progress. I've heard of one pending - firm reached out to me after I updated LI.

@OP I'm probably (mostly likely) oversimplifying it but, respectfully, - with what?

This would take either a whistleblow to alert outside ones or potentially several internal depts' worth of investors coming together with their own evidence. Most of that evidence even with whistleblower protections would harm them and their team. We have the stories, they need backed up to ever have a decent shot; those people also may want a way out prior to offering that.

For example - if a licensing team has receipts that Compliance isn't doing their job, scrutiny likely also falls onto them for having no/less checks. That can be giving away money and at minimum directors and managers get punished.

Renewals isn't going to say 'some of our units aren't the greatest at certain products' - because despite that being lost revenue some teams can prove, that team gets punished.

Technical support cannot prove skirting Extended Support without that involving them (since for now it really only applies to their cases.)

AEs would have to prove sale now vs upsell later and I wouldn't know of any pressures on them aside from when lack of action affects me and a customer by proxy.

I can't speak for PS or product level requirements, but as one of those that see the revenue itself. The only other major thing I could think of is overwork/abuse - and that would likely be APAC (which yall don't exactly treat kindly.) I get why, but don't expect them to come help in something like that while treating them like that.

I think there is a case to be made, but you're probably going to have to make the right friends to make it happen. If you can do that, though, it's less likely to be something the board can wave away.

Should you or anyone try, I wish you nothing but the best - even though I'm not technically a stakeholder yet. Freebie stock starts to vest later.