Thread regarding Open Text Corp. layoffs

Congrats Ayman πŸ‘πŸ‘#letsGo


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| 1394 views | | 7 replies (last January 31) | Reply
Post ID: @OP+1kg508p1f

7 replies (most recent on top)

@fs The company is not a family. It’s a legal entity designed to convert human labor into shareholder value. When the conversion rate (margin) drops, the entity is programmed to cut the labor cost.

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Post ID: @gn+1kg508p1f

@fr What you think you should get from a public company and what that public company thinks it needs to provide you are two very different things.

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Post ID: @fs+1kg508p1f

I don’t have insider knowledge but why bring in a buy from IBM? IBM is not the beacon of high tech success? They dehumanize employees, cut cut cut then expect the remaining employees to work themselves sick while management moves their jobs overseas.

This is a horrible mistake by Tom.
This is a horrible mistake by the board.

It is basically the beginning of the end for another (once great) company.

The return to office is a hidden signal for high demand and high performance employees to leave.

Opentext doesn’t pay well.
They don’t give good raises

They don’t offer real opportunity of advancement

People are there because the market su-ks
If the market improves, people will jump ship faster than OT HR will be able to print their tax forms

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Post ID: @fr+1kg508p1f

@c2 none. The board will instruct him to prepare all aspects of OpenText for sale. Which may turn out well if you end up at a better tech company that invests in their products. But that will be after many more rounds of layoffs.

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Post ID: @cq+1kg508p1f

What's the chance Ayman will do right by the employees before the board overrides him?

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Post ID: @c2+1kg508p1f

@OP You belong on Linkedin.

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Post ID: @bs+1kg508p1f

Yeah, let's wait until April to ...Go!

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Post ID: @bb+1kg508p1f

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