Thread regarding Open Text Corp. layoffs

@ah+1jrjvj2me

But from a job stability perspective, people forget that Opentext is a highly profitable >organization.

What? OT is hemorrhaging money. Their debt-to-income is ~1.5. Giant company credit card. The stock chart over the past 5 years tells the story.

Wonder if they will implement a badge out process in all offices. Most you still just badge in. And they may start tracking VPN usage to see if you are working outside of an office.

As it relates to the new time tracking, I asked my leadership team what’s being looked at and they didn’t seem to know. I did ask around and one person from HR told me that they’re only tracking whether you were in the office three days a week or not. Although they mandate Tuesday, Wednesday and Thursday presents, it looks like you’re not tracking it right now.

As mentioned in a previous post, those who had options have already left. Those who remain are not here by choice, but due to a lack of alternatives.

We have been in a recession since 2023, and every day I read about reductions in force and layoffs affecting thousands of employees in the information technology sector. Reuters recently reported:
“Pentagon to end $5.1 billion in contracts with Accenture, Deloitte, and others.”

I don’t believe the staff at OpenText have the luxury of resigning. They are essentially sentenced to remain in the stagnant swamp of OpenText until, with a bit of luck, they regain their lost freedom — by being laid off.

This is all you need boys...
https://www.amazon.com/dp/B08TQQJVJ5/

Then just coffee badge the mandatory 3 days and relax. OT is a breeze.

"while others might be competitors trying to influence perceptions of the company."

The CEO seems to be doing a bang up job of that all by himself.

Run it through an AI detector and find out for yourself. The truth is you’re a used up curmudgeon that sees the negative in life. People like you are the most vocal, but the truth is you only represent the small minority of the Opentext population.

I like my colleagues and my colleagues like me. Most of us like the company.
Most of us are happy to stay here because we are competitively paid and treated mostly well.

Sure, we could probably make more money somewhere else. Sure we could find another company that treats their employees better. But the grass isn’t always greener around the other side.

The truth is, if you’re not happy, then leave.

@ah

Another AI generated response, this time with commands such as, "Make it appear more folksy, from a more personal point of view. Add in some guilt tripping where the 'author' appears to be some sort of victim who should be deserving of sympathy instead of sussing out that this entire 'conversation' involves AI on one end."

:::: yawn ::::

That snippet you’re referring to was not generated by generative AI.

I’m sure hundreds of Opentext employees read these messages but only a handful actually take the time to write in.

What becomes quickly evident is that those that do write are typically the employees that feel the most aggrieved. And so I thought it was important to counter balance, all the negativity with a dose of reality.

Opentext has a lot of flaws. Tons of horrible team members, horrible VPs and directors. OpenText has a ton of old antiquated tech stacks. Too many products. Unhealthy pipeline.

But from a job stability perspective, people forget that Opentext is a highly profitable organization. You’re absolutely correct in saying that they fire too quickly and hire too slowly. Many teams have been significantly and chronically under staff for 4-5 years.

if there are any layoffs, I don’t believe they’ll be targeting virtual employees. I believe they will be targeting those employees who aren’t producing enough output. I believe they’ll be targeting employees that don’t fit into the mindset and strategy of Opentext. They’ll be firing employees in locations that are no longer strategic for the company.

Trying to scare, everyone simply doesn’t make sense. Opentext currently has 25,000 employees. Unlike most competing large organizations, although they’ve done continuous layoffs over the past couple of years they’ve always been small single digits in number. They haven’t undertaken massive double digit percentage layoffs like Microsoft, Amazon, Google or Shopify.

If you’re unhappy, then absolutely you should go out and look for another job. But stop pi----g in everyone else’s coffee.

@ad

You relied on AI to generate that post.

#PATHETIC

Everyone should keep in mind that this is an anonymous platform, and we have no way of knowing who is posting these messages. Some could be OpenText employees with inside knowledge, while others might be competitors trying to influence perceptions of the company.

No matter where you work today, chances are you’ll face cycles of hiring and layoffs. This is a reality across the tech industry.

Take Shopify as an example. The company has undergone multiple rounds of layoffs over the past three years: approximately 10% of its workforce in 2022, 20% in 2023, and another significant reduction in early 2024 as it pivoted toward AI initiatives. CEO Tobi Lütke stated in a company memo that Shopify is “in the midst of a major shift” and that AI would now play a central role in their operations, allowing them to “do more with fewer people.”

More broadly, the tech industry has seen substantial workforce reductions. In 2023 alone, over 260,000 tech workers were laid off globally, according to Layoffs.fyi. Major firms like Google, Amazon, Microsoft, and Meta all announced significant cuts as they recalibrated following pandemic-era overhiring and doubled down on AI and automation as strategic priorities.

These trends highlight the volatility of the tech sector and the increasing shift toward automation and efficiency over headcount expansion.

The entire sales org is remote. Can't WFR sales.