They always have an excuse on earnings calls. Covid, Presidential elections, war, gas prices, etc. When will analysts call their bluff? They’re so far off from paying off their debt. If they don’t do sell offs, they will continue to cut expenses (headcount) every quarter to make the numbers look better.
@e2+1kr1f5ck0 said it perfectly.
@tx Careful, there is an optimist amongst us
Opentext will cease to exist in 2030.
@dt Lies. You may have 200 postings, but there aren't 200 open positions. It's all smoke and mirrors and everyone knows it, Baghdad Bob...
@br "Nothing is better than winning a billion dollars...blahblah"
This is known as a logical fallacy. If even a portion of OT employees are this lightweight, we're in bigger trouble than I thought.
@cp incorrect. We have 200 open positions
Can someone explain the review> Who made meny
Opentext is a content mangement company that bought other companies that they do not know what to do with in hopes that these compainies will buy an out dated CMS.
@b4 false. Zombie reqs. Hiring has been generally "paused".
Nothing is better than winning a billion dollars. And being employed at OpenText is better than nothing. So being employed at OpenText is better than winning a billion dollars.
@b4 confirmed, this is true
@b2
We are hiring and returning to growth
We need extra people for all our new customers
We are hiring and returning to.... Just kidding
When Jenkins said a while back " I only read books ", it convinced me that this company is doomed.
In the age of AI, you can't have a board of directors reading books
Ok. Jabba the CEO cracked me up. Nearly sp-t my coffee on my keyboard.
I have to say, I don't miss the townhalls and fireside chats whatsoever. When my company was assimilated, I'd watch these things and wonder how this makes us money. It doesn't .
By comparison, before the purchase, our CEO quarterly meetings were where the market is, what are the macro factors, where's the industry headed, where we are, where we're going, any questions? Usually succinct and less than an hour. Maybe a few director reports.
BTW, the best, bar none, was the welcome webinar to the Microfocus folks. Mark++ all did up in a black turtleneck and black jacket. But he was too fat to pull it off, so his jacket needed shoulder padding, and it was a longer 3 button jacket. Cracked me up. I wondered who he was supposed to be? Steve Jobs turned cartoon super villain?
Silent layoffs will continue until morale improves
@OP The stock is has been going down for 5 years. It is now at 10/2014 price and falling.
The market has noticed.
The Board of Directors is the real problem. Note that nothing changed when Jabba the CEO was removed. They tried to put lipstick on the pig by removing MB, but ultimately, the strategy did not change.