Two thousand employees are going to be laid off. I'm treating each day as if it's my last with my amazing coworkers—feels like I could be let go at any moment. I saw the CEO’s email, and he’s blaming the year-over-year decline entirely on tariffs, which is kind of laughable.
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I listened to the the MB interview and he says “we’ll trim $400M over the next two years, and reduce headcount by 2000 (he stumbles on that - starts to say 200 then corrects, saying 2000).
He doesn’t explicitly mentioned the 1600 that were just exited, so without the additional context, I would interpret it to mean 2000 more, over the next two years. I really wish the interviewer had asked him to clarify that point.
https://youtu.be/DvGXWtgwYy0?si=jlO83P_sJqDFZIXc
Here the CEO is saying it himself on BNN.
I’m not sure what to interpret. 2000 in total or 2000 more considering there has already been some layoffs.
There were 1600 WFR this month. Plan was to add 1K in specific roles for a net loss of 400. But the new plan is to land at a net loss of 2,000 headcount. The plan is to WFR many more employees - well over 2k more - before July 1. Headcount is being redistributed to functions where there is building up of workforce. Yes , the end result is there will be 2,000 fewer employees as of July 1, but ultimately that means thousands of employees WFR'd and then new hires added in to centers of excellence and sales roles.
Many. Many. Many more WFR notifications coming in May and June. Many many more than 2,000 employees will have received a WFR notification.
No, the reason they are doing it is because Mark is a psycho who gets a hard on from making peoples lives harder. He’s a typical 1% cartoon villain.
Getting tired of seeing his face plastered everywhere like some mastermind genius. This guy is just some fat drunk troll who has no clue how to run a business.
It's 2000 more!
Basically, the company already had a plan to streamline its business and save money (the "Business Optimization Plan"). Now, on April 29, 2025, the Board decided to make that plan bigger and more ambitious.
- * Why the Change? They're doing this to fully deal with changes from buying another company (Micro Focus), selling off a part of their business (AMC), and bringing in new technology like Artificial Intelligence (AI) and automation. The goal is to make the company simpler and more efficient.
- * More Costs Upfront: This bigger plan will cost more money initially. They expect to spend an additional $200 million to get it done, making the total cost for the entire optimization plan around $260 million.
- * More Job Cuts: Unfortunately, this expansion means more job losses. They now expect to reduce their workforce by a total of about 2,000 positions. This is roughly 1,600 more job cuts than they originally announced. These job cuts are mainly happening because tasks are being automated or centralized (brought together in fewer places).
- * Less Office Space: Part of the cost involves reducing the amount of office space they have globally, likely meaning closing or shrinking some offices.
- * Bigger Savings Later: The main goal is to save much more money in the long run. Once this expanded plan is fully implemented (along with other saving efforts), they expect to save between $490 million and $550 million every year. This is a significant increase of $340 million to $400 million in expected yearly savings compared to the original plan.
- * Timeline for Savings: They won't see all the savings immediately. About half (50%) of these annual savings are expected to show up in their financial results for Fiscal Year 2026, with the other half showing up in Fiscal Year 2027.
In a nutshell: The company is investing more money now to make bigger changes, including more job cuts (largely due to automation) and reducing office space. They believe this will lead to much larger cost savings each year starting in the next couple of financial years.
2000 is not the “full” amount. There’s an additional 2000. Company is tanking way too hard and they need a quick bandaid fix. It has already started today for those wondering. The criteria is as random as ever. Doesn’t matter how much you know or where you are, virtual or not.
Another round of Mark’s hunger games.
The 2000 is the full amount, 1600 have already been eliminated in last few weeks . There arent 2000 extra being laid off
While Waterloo burns, Mark & Co will be flying to Europe business class for the latest all-hands meeting.
https://s23.q4cdn.com/197378439/files/doc_financials/2025/q3/OpenText-Reports-Third-Quarter-Fiscal-Year-2025-Financial-Results.pdf
Where did you hear 2000 more jobs to go ?
The masterminds of scam syndicates are often highly skilled at using the latest buzzwords to divert public attention. Tariffs? Probably directly related to his weight, right?
Mark will give a long speech in his next town hall because he does not have the time or AI to write a shorter one. Lots of babble on AI and how they needed to cut expenses with layoffs.
OpenText is following the playbook on tsia.com, read https://www.tsia.com/resources/state-of-revenue-2025-survival-guide
Cost control is layoffs and replacing with Ai.
Tariffs have nothing to do with OT. He is just trying to make excuses for his incompetent way of running a company. He needs to be the next one fired or this company will die faster than it already is. There is no hope for this company. They are an acquisition company. They do not innovate the products they already have. They will continue to lose more customers the more they outsource and let products die.