Coming in waves, quietly. Part of a project to whittle all orgs down to minimum of what is needed.
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RE:TurdBlossom
Commercial and residential insurance restoration projects.
IT in US has been pretty well devastated and it was thin to start. This comes down to nothing but trying to save money. All that I personally know who were also laid off today of are essential, and have deep knowledge that is going to be lost. I tend to agree that the windbag has such a rigid stance on being in the office that it was inevitable they'd find a way to start laying off those of us that came to the company already virtual, no matter how well we performed.
Notifications coming end of week, keep in mind this is the first round only. To the poster who said the focus is virtual employees, that is not a filter in any way. It is employees whose function has been deemed unnecessary or work that a peer can pick up + employees not "working out" + managers not needed.
Mark Barrenshit
TurdBlossom
You said you remade your career outside of IT
I would be curious to know what field you ended up in
Barren-shame #go ++
Sounds like Melbourne might be in for a bad few weeks
The minimum is by cost center and the priority is letting people go that are not near a center of excellence. It’s about back to office and justifying real estate rent/leases and having live (in person) visibility to workers.
What's the percentage?
Will Ireland be impacted
Don’t give OpenText too much credit — their global influence is basically nonexistent. Nobody’s paying attention to this broken company, yet the execs walk around like they’re some kind of big shots. Honestly, the biggest thing I’ve learned working here is how many people are full of themselves, thinking their tech and management skills are top-notch, when really, they’re the textbook definition of living in a bubble. But hey, no need to panic — they’ve got their COE and CEO. Maybe they’ll pull off a miracle.
Are you sure about Shanghai office closure?
ADM highly rely on them!
Hardly belive it will be in one shot.
Seems like it is happening in China with a complete shutdown soon but will the Chinese government be made aware of this or dare to label Opentext as the most undesirable company like the Russian did??
The only companies that are currently laying off are the ones who have legacy products that aren't being bought.
The current OT sales force have targets that even Zig Zigler couldn't hit! This is all being done in order to manage earnings. Churn and burn. If salesman A can't hit their numbers, we'll put them on a PIP, cycle them out, and bring in a College kid to do it for half the money. Rinse and repeat!
I'd say every pillar of OT with the exception of one are missing their numbers. Service Now, Commvault, Oracle, Salesforce. Yes, they do have layoffs but what makes them more different then OT- a Ton!
They are constantly innovating, and putting millions back into product development and sales enablement.
If you are an HPE or MF Legacy employee, you have two options.
- Try to make it through the next battle of attrition-layoff, and continue to suffer.
- Find a new job outside of the tech sector- like I did- and exit the temporal rat race.
Is it easy to remake yourself after a career in the tech sector? No.
Is it more fulfilling? 100%
No more QBRs, Deal Reviews, Annual Employee Reviews, and constant Gaslighting by managers, directors and VPs. How refreshing!!
Good luck!
My VP told me confidentially that the axe is falling next week. The goal is to get everything done by mid week.
Expect lots of layoffs concentrated in key locations. Expect minimum severage. Expect access cut immediately.
All VPs think this is being done because Q3 numbers will be bad and q4 likely won’t be much better.
WRFs what does that mean.
Also, earnings call at the end of the month, so it likely it will happen soon if it's going to so he can report to investors, we've cut x% of staff and this will save $xMillion over the coming years.
If questioned about it, will say due to AI efficiencies, hence his last email.
If layoffs hit the US next week, it would fit the pattern of previous rounds I’ve seen: Two-weeks “notice” near the end of the month (with network access cut immediately and no actual work during those two weeks), ending right after the beginning of the following month so the employee gets to keep their health insurance through the end of the month, usually followed by a tenure-based severance package that seems to be capped at twelve weeks (including the two-week notice period). I hope the OP is wrong, but I’m not optimistic. If not this coming week, then soon.
Agree somewhat with unpopular opinion below. Efficiency and productivity in some teams is low (order entry, Sales ops) because there are still multiple systems and many processes are still very manual. Probably worse now with Micro Focus and their system. This isn't necessarily the fault of the people - there has never been an appetite to invest time or money to standardize or automate - just throw bodies at the problem. AI sounds great BUT you can't wave a magic wand and say "fix this" after you've fired everyone. And you can't expect people who've been with OT for twenty years to suddenly learn AI and fix years of accumulated garbage.
How do people get a heads up layoffs are going to happen? Do managers, or other higher ups post here who know?
Very unpopular opinion. This is still a lot of teams not producing results and old school sys admins that haven’t learned how to automate and deploy. This has been a known coming since k8s was created let alone AI.
Help create automation or be automated out. AI first company now Mark can see we have to evolve culture. Any of us can lose their job tomorrow if that’s at OT or even Google/Amazon/Etc.
I used to be proud and excited about my job. Now I don’t feel inspired anymore. This is stifling creativity and motivation. I hate this! Can’t he wait for the summer? Our teams are already down to skeleton crews in engineering.
Never underestimate the power and influence of id--ts!
Trouble is too often an invited guest.
The future ain’t what it use to be.
All things must pass.
Id--ts criticize, geniuses solve.
According to the board, the future is certain, give us time to work it out. But if you are explaining, you are losing.
It feels like we are going forward in reverse.
Sometimes you just need a hammer.
Happy Easter, Mark!
We are sitting ducks.
I hate this.
India will not be affected.
Any idea which teams and R&D centers will be the first?