Thread regarding Open Text Corp. layoffs

Part of a round 2 years ago. Came in from an acquisition....

Closed a 10 million dollar with a small team. New logo. Did another million ARR with 2 new logos the following year. Grew existing accounts in tech pre-sales and got new business. Still got the axe.

Told the decision was made by some other group based on cost savings. Literally a spreadsheet decision. I was in many meetings with VP+ and this is where it gets murky. There is so much waste - no real strategy - just activity to give appearance of progress.

Took a while for me to think through it all. People I worked with were great. The org and LOB was broken. Executive leadership was just entirely ineffective - very lazy. I was talking to a customer exec.(EVP+) at one of our larger customers during dinner and they directly said in-person meetings with MB were a waste of time. They were disappointed by the lack of value and insight the ELT provided to help accomplish their business objectives. At the time I brushed it off and tried to smooth it over.

There are many great people in the company. Take comfort that it's a failure of the people above your pay grade. Better off somewhere with strong leadership.

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Remember the “OpenText Way” includes a Bias for Cash and understanding it’s always day one. But if they really value excellence over harmony, they need to stop playing Mark’s music and lay down rhetoric and play some new music or they’ll employees will cry. Otherwise they will Lay down that boogie, And play Mark’s funky music and never comply.

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