When will the second shoe drop?
18 replies (most recent on top)
@zy stock price is being played right now. Look at the tape. Large volume 1 or 2 times a day - massive outliers - usually at the end.
Stock is cooked.
@zy yes
BUT if we get trump-esque CEO emails - ngl that'd be funny. That would be the ONE instance I would mildly tolerate him back for.
++Mark
@zr , if my Mark comes back, the share price will trend down again. No revival for Marky Mark.
Maybe the board will bring Mark back like Jimmy Kimmel. That will increase attendance for OpenText world.
Think of the savings if we layoff the entire ELT and replace them with AI bots.
To believe there will be no layoffs is to believe in the Easter Bunny. There is no way this company moves forward with current head count. Mark has done too much damage.
@w6 hard agree.
Because if we do cut, at least some of those people have to go help support the product. It'd be rare to not have the new owner downsize, rarer to have us keep those units and not downsize them. If we don't get offers and cut, OT-made layoffs seem feasible.
Hopeful, but I'm assuming my dept loses 3-4 depending on the selloffs at minimum. Half the units going to the new buyer, half getting reabsorbed into the original team.
Depending on role/product some folks definitely don't win on this.
@vn good advice. Taken with a pinch of salt and I believe there will still be layoffs coming until the company portfolio has stabilized.
Since this is an anonymous platform, take everything with a grain of salt — some posts might just be competitors trying to mess with morale.
From what I see on the backend, the metrics are solid. Sales numbers are strong, the pipeline is healthy, and demand is steady.
As of now, there are zero plans for layoffs this year.
@s7 I get the sentiment - but if everyone else knew how broken things are on the inside we may not have as many customers/partners. Outside of SAP at least, I'm not going to one to see how many tickets get sold.
May not have jobs honestly either if we don't look like we're 'winning' lol.
I'd rather let them have a pageant and be happy over a bombshell that makes the company go nuclear and takes hundreds or thousands of folks with it.
@nc I can't believe people pay for this!
Hey, India. The phrase is "the other shoe."
@k2 it’s $1,099 to attend https://www.opentext.com/resources/opentext-world#:~:text=JW%20Marriott%20Nashville%20Hotel%20Near,OpenText%20World%202025
@k2 OT world passes go for hundreds, if not thousands.
Some partners may apply and join us for free I think.
@jn Isn’t the OT conference free for customers?
@a4 That’s certainly a possibility, but my money is on an announcement either at or just before OpenText World, where the new CEO can parade around trumpeting messages of revolutionary change and growth to customers who still care enough to plunk down money for an OT conference.
Q2 will be used to inspect business units to assess their health and determine the path forward. This includes possible sale, layoffs, and everything else in between.
Between October 1st and when we report earnings. New CEO will probably be announced on the earnings call to distract from the numbers.