Thread regarding Open Text Corp. layoffs

Foolish ELT. Blind board. Inept management. Every move a parade of stupid, short-sighted decisions.

I don't buy what Paul is selling. LOVE model (Lost, Obtuse, Vindictive, Emasculated). We need ELT(Entitled Liveless Trolls) Optimization. Get rid of all Mark's spineless Bobble Heads that play games with people lives.

The idea of partnering with other companies essentially means relying on their products and services, such as Gemini and Google Cloud. If the outcome is successful, we can take the credit; if it fails, we can blame it on their immature AI services. If you’ve ever worked with this company’s AI team, you’d realize that OpenText’s AI is nothing more than a clueless imitation, a sham used to deceive others, with no real substance. This company was never great—stop dreaming. Its past success was merely a fluke, thanks to stumbling into a highly sticky business area (document management), with the move to the cloud further increasing user retention—not because customers don’t want to leave, but because they have few alternatives and the switching costs are enormous. The board’s decision to sustain growth through acquisitions was a desperate move, born out of a lack of innovation, which also gave a fraud like Mark an opportunity to exploit. Of course, it’s all too late now. In my opinion, the best outcome for this company would be to sell off all businesses unrelated to information management, pay off its debts, and go private with a delisting. Ten years have passed—it’s time to wake up from the dream.

Does anyone believe this? Form strategic partnerships with other tech companies, research institutions, and industry leaders can enhance OpenText’s capabilities in AI and cybersecurity.

And as for “Another option is to just to be acquired by a tech giant like SAP or IBM” they may buy parts but no one wants to purchase the entire company.

I have to agree with the previous poster. From what I’m being told and what I’m hearing, this is going to be the biggest round of layoffs we’ve had in many years. Entire offices will be shut down. Opentext will vacate entire countries. Not sure how they plan to accomplish this in a couple of days.

Keep dreaming. This round of layoffs will be unprecedented—and devastating. This company has no chance of becoming great again, not that it was ever great to begin with. Too many people here live in a bubble, both in terms of business and technology. It’s time to let go of the illusion.

Paul Dugan doesn’t appear to have broad support outside of his immediate circle. It raises the question of whether this post was self-authored. Based on his performance in his current role, there’s little evidence to suggest he would be effective as a CEO.

Paul…. Did you write this?