Looks like the last of the MF senior executives have been shown the door, saw on Linked In this morning. Maybe senior leadership shakeup will be the secret sauce this time? Explosive growth. Innovation. Darling of Wall Street.
New Chief Product Officer, new CFO, removal of Chief Ops. But same CEO.
Do we expect more for lower levels or are they done (for now)?
Let me say clearly—Micro Focus was already in a terrible state before OpenText acquired them. Ever since the acquisition, things have only gone downhill. If OpenText had not purchased them, Micro Focus would have been bankrupt within a year, no doubt. Their products were substandard, and the revenue was falling steadily.
Honestly speaking, OpenText should have removed the entire Micro Focus leadership team at the time of closing. It was quite evident they were not capable of running the business properly.
All the complaints now are mainly coming from ex-Micro Focus people. Anyone working at OpenText had already seen the signs long back.
Regarding the so-called new Chief Product Officer—he is not new at all. He was with OpenText earlier. He is a smooth talker, the typical type who can sell anything, even his own mother if needed. Last time he was here, he signed some very poor contracts that ended up costing the company crores. Many are wondering what Mark was thinking by bringing him back.
Really what do we expect. Stocks are bearish since MF acquisition. Silent changes in US and EMEA offices and reallocations. Constant hiring in low cost countries. Terminating working teams. Management probably got inspired by Titanic movie.
No wonder you need to provide 2FA 10 times a day. OT acts terrified of retribution but moves more of their tech people to India. Right next to the hacker call center.
Ugh, more have been confirmed. See this opentext panel video:
https://youtu.be/dQw4w9WgXcQ?si=e1uCo8HQx_rNDBBm
We have people managers with between 3-8 staff, and others with 10-20+
I mean do we need a manager for just 5 staff, just to approve PTO
That's the problem:
Board members
|-- CEO
|-- COO
|-- CFO
|-- CMO
|-- CTO
|-- More CxOs
|-- President
|-- EVP of Sales & Marketing
|-- SVP of Sales
| |-- VP of Domestic Sales
| |-- VP of International Sales
|-- SVP of Marketing
| |-- VP of Brand Marketing
| |-- VP of Digital Marketing
|-- More EVPs
|-- More SVPs
| |-- More VPs
| |-- More SR. Directors
| |-- More Directors
| |-- More Sr. Managers
| |-- More Managers
| |-- More Asst. Managers
| |-- THIS IS US !----(layoff)
Paul Rodgers was managed out of the business awhile ago. The latest one is Mine Steinmetz, a legacy MF leader who was overseeing Compliance (license verification whereby OT goes after customers overusing licenses typically as strong arming to sign another deal) and also overseeing Portfolio which are the products some customers use but which OT no longer supports/updates. The new, extra layer put in place under Todd Cione - Reid D - now has Steinmetz's role PLUS ADM PLUS ITOM. That means Todd C has all of sales, but that there is now also another leader under Todd for only the ADM and ITOM businesses.
Tells me something is being orchestrated for those portfolios.
Both Todd and Reid are "transformational" people if you read their bios.
Re: Paul Rodgers
I think the failure to win sales had more to do with the product team & products than problems with the sales people.
Paul Rodgers deserved a let go. He did nothing but got $$ million dollars each year. You can see no new products for Micro Focus for years... After OpenText purchased MicroFocus, Paul still did nothing but got promoted to the head of Sales. And we lost customers year by year and gained more and more complaints.
"Who did you see change?"
I saw Paul removed from the Leadership page and then on LinkedIn I saw his job search post.
Sorry to hear about the EVP - like someone said, good guy.
OT su-ks.
Probably referring to the EVP of “legacy” MF product sales. Last man standing, a genuinely nice guy who I met a couple of times.
Next is middle management, or should be at least.
Paul Rodgers was let go months ago, this is not new news.
No more layoffs, we are already skeleton staff!!!
Who did you see change?