Mark B. took this route to layoff 10k employees is to keep media out of network. OpenText stock price couldn’t bear another public negative review as $25 price is near to nothing.
He must’ve discussed this to HR head, accountant and board members already.
Layoff will continue this week due to too many people. Keep your prayer hardly. I wish you all good except Mark.B
Which is it, 10K or 2500? And if it's 10K, why isn't this massive layoff being reported in the news?
I heard it is 2000-2500 people
Enough for Mark to tell investors “we missed all our targets, we don’t have a real plan, but why we saved money by firing people and replacing them with AI”
Has anyone at OT seen any real AI usable internally? Marks email said we would be getting AI tools? Where are they?
Shannon : where is our access to ChatGPT or Microsoft copilot?
Paul D: how qualified are our id--t PS people with AI? Let’s be clear, Aviator is to AI what a Bandaid is to a burst kidney.
Nope, not a typo. 25000 * 0.4 = 10000.
10k people, typo?
Can confirm