Stock is bleeding out. Will the cuts help?
23 replies (most recent on top)
@1qs "Not selling no more"
I know all I need to know about you from this.
Reqs are being closed?? Meaning not selling no more?? Soo eventually we wil loose our job? Can you confirm??
@19g we are hiring and have returned to growth
We need extra people for the growth ahead
@12m yes. Same process each time.
@10w to prepare for the next cuts ?
@10d confirmed - reqs are being closed.
@10g ok so there is no freeze then
@10e Offers were made before the freeze.
@10d nope. In my office there are multiple people starting Monday
@109 All hiring is frozen.
@101 we are hiring and have returned to growth
Down again.
The never ending car crash continues.
Nobody wants what we are selling at any level.
@a2 How do you sleep at night peddling false hope and lies? If you're with HR and getting kudos from management for this BS, you are more pathetic than your posts.
@hh Do they have something they can sell to put a dent in the 6B outstanding debt? EV is ~10B right now. Will be a rough few years.
@at Most tech stocks are not at 5 yr lows.
@h7 this sale will solve our debt issue ?
4th June sale announcement
Doesn't matter what the stock shows what's important is if the company is innovating and keeping its customers happy. OT does neither, they fired people before bonuses that were in charge of large customer facing products, those devs who still stuck around are now working at turtle velocity and are spending their time studying for interviews. Customers will know about this from the competition to where the laid off people went. OT has no future and frankly doesn't deserve one.
@OP 52 week low is 27.63 cad. Now is 31.13. It is keep fluctuating that is happening for every software company. Don’t blabber rubbish here and without having any background done
Traders didn't care about fundamental stuff.
Open your eyes FGS, all software organisations , saas providers share price is tanking and tanking hard
There is a further serious correction in the markets coming with AI bubble to burst very soon. The OT share price is nothing to do with what the business is delivering but serious investor concerns across the industry.
What normal person even uses the nonsensical phrase "We are hiring and returning to growth”?
Stock has stabilized so cuts are cancelled
We are hiring and returning to growth