Thread regarding Open Text Corp. layoffs

Interim CEO gets 25k more each pay period

Keep an eye on the 8-K filings OpenText must file with the security exchange as a publicly traded company. Any changes which can impact investors have to be publicly available. The various 8-Ks will start pointing out changes around selling off products as well.

Last week or so 8-K are around comp changes for the interim CEO. In addition to his existing salary, he gets another 50K+ in cash every month and he is eligible for up to 100% of his salary in variable comp for FY26 and he now has an added target equity of $281k in shares.

Meanwhile, our customers are asking who the heck is steering the ship and WFRs are being aligned as part of slimming business units for sale.


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| 1631 views | | 6 replies (last August 26) | Reply
Post ID: @OP+1k3ekmns4

6 replies (most recent on top)

Maybe the next CEO will be from Korea https://www.marketbeat.com/instant-alerts/filing-korea-investment-corp-purchases-97700-shares-of-open-text-corporation-otex-2025-08-23/

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Post ID: @fz+1k3ekmns4

@eq AYO??
that fast, huh

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Post ID: @er+1k3ekmns4

@da The new CEO will be at OTW

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Post ID: @eq+1k3ekmns4

What do you expect. It's still the same board that hired Mark and let him run rampant like a lunatic for over a decade. Think they changed that much? Think again.

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Post ID: @dm+1k3ekmns4

@da I think its kinda unwinnable

If they absolutely glaze OT - they're called out on it

If its results and the results aren't great - they're called out on it.

People wont get attached to an interim so anything personable wont matter in a few weeks' time. I don't expect any new CEO to do as many letters in general. So if that's something you liked, may need to consider jumping ship.

OT culture seems dead, in the worst ways possible.

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Post ID: @db+1k3ekmns4

Not one staff email from the new CEO not one not one James++ he is so far out of his depth. Imagine if this douch has to speak at OTW everyone is being forced to flog.

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Post ID: @da+1k3ekmns4

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