Thread regarding Open Text Corp. layoffs

The board is as useless, incompetent , and ignorant as the investors are. Listen to our latest investors call, not a single difficult question asked, because, simply, they are getting dividends and somehow believe that it will be better next [month, quarter, year]. I feel sorry for us as employees but more so for those who are losing their jobs as a result.

Correct regarding the purchase of MF, but our culture is also somewhat backward. The board really needs to investigate what is actually going on.

After the superbowl, Patrick Mahomes told everyone it was his fault.
He took responsibility for his actions.
How many times has MB done a 180 and not once accepted responsbility for his terrible decisions. He has zero principles. Z E R O. He has Z E R O original thought and his views change with the wind.

No idea. OT is being lead by mb who does not go around a roundabout but drives over a roundabout.

I thought we are getting rid of low performers. Our executives are not pulling their weight. We should have never bought MF, maybe we can divest it all?

the push to the cloud never made sense to me. they didn't want to give up the maintenance fees they were collecting (90%+margins). they tried to push customers to pay maintenance + their cloud subscriptions. If a customer is going to go to the trouble of moving to the cloud and paying full-price cloud subscriptions (maintenance + cloud costs) - they might as well trash your technology and find something newer and much better for the same or lower price. with price increases over the years a lot of those customers are paying more in maintenance than the original license fee.