Thread regarding Open Text Corp. layoffs

At the end of the day there isn’t a product or service for the OT employees to rally around and there isn’t customer demand. All the hyperbole can’t change that. Do something new with document management or EDI and then there may be something, but OpenText will never be an AI powerhouse and in FY26 the this will become clear to the board and shareholders. The gig is up and we need to move on.

Never trust someone that always says 'trust me'.

Sandy Oko is the P.T. Barnum of old tech hoping "There's a su---r born every minute." The 3 ring AI circus of Mark, Sandy and Savinay is to mask that the core of the company is document management and EDI processing since there nothing new to see there. So they need to pitch AI as if there is something there since “Without promotion, something terrible happens... Nothing,". Goats and cartoon characters can’t hide that there is nothing. Next they’ll have Sandy on late nights infomercials like Billy Mays hoping some drunk executives with buy into OT AI.

This has been obvious for many months. All of the innovation tech is bought and borrowed. Even the cloud has shifted from OT to using AWS, Google, Azure. Mark going to Wall Street to proclaim OT as an AI company is just another spin move to try to prop up the stock against disastrous debt position brought on by the Microfocus acquisition. So many employees paid the ultimate price in losing their jobs because of the MF Titanic.

Savinay’s first go round brought the incompetent “OT2” roadmap that ba----dized the use of containers, and it was a huge expense, colossally inept, and yielded little payback, and forced OT to rely on the hyperscalers. Bringing him back to lead product strategy is a complete head scratcher.

Competing in ITOM and cyber with products that can’t rival the big players like ServiceNow and Crowdstrike et. al. is a losing proposition. There only so much real estate in the SBM market to make plays.

The core of the company is document management and EDI processing. Old and staid tech that when leveraged properly gave the company some great years. The last few years have been a convoluted attempt to gain relevance in innovation spaces with Mark’s vision shifting every few months: “Internet of things”, “ digital transformation ”, “multi verse”, “multi cloud”, “internet of clouds”, “AI” etc. etc. The board has let this all go on for way too long. Now everyone is hoping for some miraculous bounce back to the golden days of a $50 stock price. The deterioration of the company is tied to the MF acquisition and the folly of innovation. No one has been held accountable. At least there’s furry characters and goats to distract everyone.