OT will announce layoffs after this quarters investor call.
Reasons will be automation, AI, and poor performers.
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In fiscal 26 it will be badge in and badge out 5 days a week and quarterly rallies in San Mateo and Waterloo. Maybe even going back to non-sales employees having desktops (vs laptops) and no more company paid phones. The upside is work/life balance.
OP here, I told you.
See Fridays email.
We should start replacing CEO with cheaper better Indian CEO or even cheaper AI. OT CEO regurgitate and hallucinate as much as AI anyway.
OpenText is preparing for another round of layoffs in early April, with lists reportedly finalized and pending approval. This restructuring focuses on shifting roles to lower-cost regions like Canada, the Philippines, and India to maximize margins. A Canadian employee costs roughly 30% less than a U.S. counterpart when factoring in salary and exchange rates, with even greater savings in offshore markets.
Engineering and technical support roles are expected to be the most impacted, as these functions are easier to relocate. The layoffs will likely be framed as building stronger Centres of Excellence, reinforcing the company’s insistence that in-office work is essential—despite industry leaders like Shopify proving otherwise. Many competitors continue offering flexible remote arrangements, putting OpenText’s strategy at odds with broader market trends.
Internally, teams are already stretched thin. Previous cuts removed inefficiencies; what remains are critical functions operating at capacity. Further reductions will cut into the bone, exacerbating workload pressures and increasing burnout risks. While unconfirmed, my sources—who have been accurate in the past—suggest we’ll see clarity in the next three to four weeks.
They are losing -10% revenue YoY.
The shareholders are demanding action be taken by the CEO to raise the share prices, and aren't happy about the MicroFocus deal too, OT is committing to trying to save $500 million over the next few years, that's going to largely come out of salaries.
Regarding the ADM/ITOM commentary, there are no layoffs there. Just the opposite. Those organizations are completely staffed by sellers, and the teams consistently hire. The employees that support these strictly customer facing teams like marketing, engineering, product, etc, are all part of other organizations and when there are layoffs they are in those organizations. Sellers generally resign when they don't see a pathway to meet their quota - that's the only performance that ultimately matters, and they are experienced, they know when to move to another company. They aren't tied to a company, at their level, they can get a similar sales role at another company selling software the next day.
I've seen colleagues in CO office on Linkedin post they have been let go.
Considering the negative comments on the earnings call presentation did anyone from ADM & ITOM get hit?
Re: HPE comment.
Ditto for Attachmate/Micro Focus. If you thought it couldn't get any worse than Jeff Hawn (buffalo slayer), than Kevin Loosemore (a.k.a Loose-lips, serial philanderer), than Chris Hsu (aka smoke & mirrors/the Rock Star), Stephen (I'm-not-albino) Murdoch, here you are. Imagine if any of these "leaders" had been halfway competent?
Mark B will now go in and shut off life support to products that started out amazing but were left to die. I am sincerely sorry for those who had to suffer under his regime and then become his victims. It stings now, but life is better away from that.
Competent and SME. Wanna know how I know?
My guess is the team doing the work.
My guess is HR
In my org, there are 3 managers. Competent but not SME, Competent and SME, incompetent with complaints to HR. Wanna guess who got hit?
Seeing on LinkedIn. Senior technologists.
at least some of hit today.
Yes, layoffs are happening today. I need to lay off high salaried people to make up for lack of the $400 million I claimed we would save after buying Micro Focus.
RE: HPE comment. You should have learned by now that Mark and the board are making millions from the mismanagement. They are all in it together to enrich themselves, at the expense of product and employees. They acquire, squeeze every nickel out, layoff with embarrassingly low severance, new hires are offshore, make flashy press releases announcing we will be industry leaders in the newest tech trend, and simply move on to the next when the world stops talking about it. Shareholders suffer along with the employees while Mark and board rake in the cash.
For those of HPE Software employees who thought it couldn't get any worse after Meg, nor any worse after Stephen, the Scottish Muchkin, we now have Mark "The Hut" B, and I'm not sure if you could get any worse. If you are legacy HPE, get out now- if you're still around. The many people you loved working with are gone. The technology you loved- untouched and milked for maintenance dollars. Nothing will change until Mark B retires, the board grows a set, or the Zombie Company stock price goes to zero. What a shame!
This shouldn’t be news. It happens every quarter. It’s an opportunity to offset cr-ppy results with “here’s what we are gonna do about it.” When in reality it only makes us worse. How many quarters can you actually have low performers? You can’t. You lay off the highest paid people (that don’t have VP in their title).
More platitudes from the new hire.
Wants some advice? Stop it!
Tell your team exactly what they have to do to make this company successful and then do it.
Do you have intel that layoffs are definitely happening inline with the Feb. 6th earnings call?
Is the new hire going to make any difference in outcomes for OT
I assumed Kremke left on his own as he mentioned a new job in a Linkedin post.
Anyone know if that useless putz Kremke was laid off or left on his own?
What else are they going to do to increase EPS to shareholders? Develop a product that customers want to purchase?!
They can't say bad management so they cut costs and use the excuse of poor performers to justify cost cutting. Filthy choice of words. I prefer the term sacrificial employees.
Can’t be many left after 2024 end of year performance reviews
Poor Performers? Is this OT's play to not pay severance?