Thread regarding Open Text Corp. layoffs

Is it so bad to be sold?

What happened to the other BU's that were sold off? Did all employees get laid off?
To be sold off seems like a good thing at this point, or is that just wishful thinking?


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| 6 views | | 6 replies (last 10 minutes ago) | Reply
Post ID: @OP+1kyd8znx6

6 replies (most recent on top)

@cr Most companies, unlike OTEX, try to preserve the knowledge of the acquired product team. They may actually try to keep some of them around for a while.

OTEX immediately abuses the acquisitions, and replaces key people them with cheap replacements with no capability.

An astute buyer might notice this.

The products OTEX is trying to offload have been gutted, and only useless COE remain.

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Post ID: @ey+1kyd8znx6

@bg Let me google that for you.

https://www.google.com/search?q=what+does+BU+stand+for

Note, that in this context, it is the second definition that applies here.

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Post ID: @ex+1kyd8znx6

If the company is sold, there will likely be layoffs due to redundancies in the labor force. Careful what you wish for!

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Post ID: @cr+1kyd8znx6

Please address what “BU” is.

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Post ID: @bg+1kyd8znx6

It's why I'm still around. Been sold 3 times so far, landed on my feet each time. Course new companies have been progressively worse, but I doubt someone like Rocket can be as bad as staying with OT. Here's hoping.

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Post ID: @b5+1kyd8znx6

Layoffs and then a skeleton crew or training a cheaper replacement.

Great if you were secretly able to automate and handle it. A nightmare if you can't.

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Post ID: @ah+1kyd8znx6

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