There is 150 million left in the plan for right sizing the company, that's roughly 1500 jobs
Will this happen before end of financial year ?
12 replies (most recent on top)
@wf Depends on what discounts we give for our products too.
Vertica was a he-l of a lowball. But I'm all for a buyback if that's extended to ESPP gang.
The last divestures need to be fairly large to cover that. If not that's a good sign layoffs or an RTO purge are coming. If they need every option despite divestment covering it there's a bigger plan potentially (like a full buy-out)
When you hear stock buybacks, think layoffs. How else would they come up with $200m?
@jr For now. The client base is running away from OT just as fast as it can.
@he ADM rev. is more than 400+M, thank you !
They will sell ADM for $150M to Tricentis or Perforce
@bz for laid off employees not ELT!!!!
we should make a gofundme for OT
Lol....is this from the all hands ? CEO slipped ?
Please don't sign any papers. You won't find anything in this economy. The leaders are clueless, don't know their own products or customers. All they Chase is a revenue or a cost number and have no clue how togo about achieving that. Cut people, reduce benefits...thags all they know rather than actually.underatand the market, figure out the best products to huold. They should be the first one to go.
Ohhh so now Shan’s words are the New Testament for her disciples?
In that case, somebody get this lady a balcony in Vatican City and a white robe. We’ll call it “Pope Shhhh the First – Patron Saint of Strong Opinions.” Blessings will be delivered in PowerPoint format.
And OTs strategy? Absolute masterclass in “optics over operations.” Instead of, you know… actual growth… let’s just sprinkle some PR fairy dust, sponsor a few “Best Company for Young Canadians” headlines, and quietly hire half the workforce in India while counting them as maple-syrup productivity. Genius. Revolutionary. Nobel Prize in Creative Accounting incoming.
Meanwhile the stock?
It didn’t dip.
It didn’t correct.
It didn’t retrace.
It chose spiritual liberation and descended into the abyss with full conviction.
Honestly, if falling were a KPI, they’d win Best Performing Company for Gravity.
Shannon love this. It adds number to her 10B saving for 5B company. Now a days when i visit work, i feel so lonely. Just bunch of her clowns, no idea, what to be done and important. Shannons words is their new rule book.
150 million in right sizing won't include divesture as those positions are moved to the buyer
Yes. Between RTO and speculation of layoffs in April. As well as all-hands mentioning one major divesture a quarter.