#layoffrumor

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Big layoffs on Wednesday this week

The 25% reduction in headcount from the BD acquisition is coming. Wednesday is going to be brutal. Expect across all functions, all segments, but especially ADx. R&D likely to be hit especially hard. Lawyer/HR was onsite in Sparks for a reason - upper leadership has been discussing the reorg all this past week at the Sparks location. Anyone with direct subordinates being let go were informed this past week as well. Waters is not BD - they are breezing through letting people go for cause as well as layoffs. If your leadership team does not like you, expect to be let go sooner rather than later. Happy holiday weekend, everyone!


As sure as the sun rises in the east …

… water is wet, there will be more layoffs.

In fact, the layoffs are ongoing, just not in one big axe like in March. The next big swing will be within the next 60 days.

They have told you the plan: greatly reduce company size and become nearly completely Canadian-centric. And they are fulfilling that plan.

And as sure as dung stinks, OpenText will continue to su-k.


Layoff Rumors for this week

Heard a rumor that there will be layoffs this Friday, and we’ll be asked to WFH that day. I didn’t put a whole ton of stock into it, but I was sent a photo of all of the CX and MX leadership going into a 2.5hr meeting today and it was set up by the HR generalist. Safe to say I’m officially anxious and not feeling good. My source is as an associate and a leader in the a space at BTD.

Anyone else heard anything concrete?


Multiple reports from the grape vine - senior leadership found out today.

It looks like the hammer might be dropping tomorrow. Multiple reports all along the vine are saying the meeting did in fact happen this morning - informing senior leadership what / whom is to be let go. Does days in the office matter? Does commits? Tenure? H1B status? Pay? No one knows the parameters, but the meetings with the boys upstairs have started.