#layoffs

OpenText Reportedly Cut Jobs in March 2026.

https://stlawyers.ca/blog-news/opentext-job-cuts-march-2026/

https://betakit.com/opentext-employees-report-job-cuts-tied-to-apparent-restructuring/#:~:text=OpenText%20employees%20report%20job%20cuts,to%20take%20over%20as%20CEO.

Reports from this week (March 23–24) indicate that the cuts are not just hitting entry-level staff. The restructuring is specifically targeting:
• Senior Analysts and Team Leads: Multiple reports from the Waterloo and U.S. offices mention that long-tenured leads and senior-level individual contributors were let go in "8-minute" termination meetings.
• Product Management: There are indications of "flattening" within product groups, where middle-management layers are being removed to speed up decision-making for their AI Cloud products.

With gateway canceled would This create halo layoffs?

They had a meeting today with Branch managers and are announcing it to ABMs tomorrow. They will have until June 3rd to find a new job with PNC or otherwise

The second quarter layoff notices will go out tomorrow, 3/25/26. Cross your fingers and say your prayers tonight. They will go out in batches so keep checking your email. Good luck to everyone tired of the BS!

After the worst day working for this company in over 10 years I want to know how many VP's are losing their jobs? I am a 'lucky' one and am staying as an FTE but I feel sick about what has happened today and the spineless way the VP's handled the meeting. The upper management should be ashamed at how they have mismanaged this company. A show of the worst aspects of capitalism was displayed today. Too spineless to make people directly redundant and give them a redundancy package they have earnt from years of services. Forcing them to another company which a quick search shows are morally repugnant and treats employees as disposable assets. How long will it take for the board to step in and make the needed changes at the top? The changes in employee numbers over the last 5 years is shocking. Senior managers; You have broken trust with your employees, you have broken our morale, how long do you think this company will survive when you treat people like this.

Laid off by verbal notice in January, not given ANYTHING in writing until almost 2 full weeks later. Manager didn't bother to make the 40 min train ride to lay me off in person.

Then was stonewalled by manager and HR- not an acknowledgement that I had e-mailed to ask when I would be receiving information so that I could plan.

Sh---y, inhumane way to do it, and it all comes straight from the Charlie Scharf. The company started that downslide when he walked in the door.

Relieved to be away from the toxicity.

Meanwhile, out in the real world, Red Storm just laid off 100, and Epic Games 1000.

https://www.gamesindustry.biz/ubisoft-announces-layoffs-and-the-cease-of-game-development-at-red-storm-entertainment

https://www.wral.com/business/epic-games-cary-layoffs-1000-500m-cost-savings-fortnite-decline-mar-2026/

I don't know if I should feel lucky to still have a job or unlucky that they got paid to leave and my job is about to become much harder with added work.

Over the course of the last year, I watched as my friends were blasted away. A feeling not unlike sitting in a trench, the sirens begin, foxholes are filled, and some unlucky chosen never make it back. While dramatic, this is the feeling I get with every announcement, email, and report.
Today, my friends were sold like property. Some spent their lives here, only to be told the work and time they put in is worthless, that they’re no longer with us. Offered up like it wasn’t their lives being affected. For what? So some disgusting rich pig can get fatter? So some greedy corporate demon can keep feasting on us?
I know this place is he-l, but I pray we aren’t so godless that justice goes unserved. Imagine sacrificing people just to pad your pockets.
I have nothing to say about what happened today, no news, nothing. My words are gone, and every day here is filled with apathy.

Estimated — Nike Director+ (U.S.) Leadership Diversity Trends (2015 → 2024)

•   White (non-Hispanic): ↓ 12% - 15%
•   Non-White (racial/ethnic minorities): ↑ 45% - 60%
•   Women: ↑ 20% - 30%
•   Men: ↓ 15% - 20%
•   Minority leadership: ↑ 30% - 40%
•   Women in leadership: ↑ 15% - 20%

⸻

How this was constructed (summary):

•   Uses Nike’s published FY2020–FY2021 Director+ race data (exact)
•   Uses Nike’s reported minority % and gender % through FY2023/24 (exact totals)
•   Extends back to 2015 using Nike’s stated multi-year progress and targets
•   Applies simple interpolation/trend estimates where full yearly data is not disclosed
•   All figures represent directional, magnitude-correct estimates — not fully disclosed year-by-year data
•   Most detailed race data available: FY2020–FY2021 only
•   Post-2021 reporting: aggregate minority % only (no race breakdown at Director+)

A previous poster in a separate thread challenged to build this based on historically reported information. There is enough publicly reported information to state the above is better than directional.

What does it mean? And what does this have to do with layoffs? Well, there is one group that clearly should be worried a bit more than others ahead of and during a layoff.

Act accordingly, and get out while you can.

what happened? wouldn't layoff pump the stock price?

Around 150 folks are about to be shown the door.

I hope everybody is as prepared as they can be.

Layoffs are not even properly over and I'm already thinking about the next round. I can't even relax for a single day because things have been for so long that this is now the norm. We don't hate this company enough.

I understand April 14 is the key date for layoffs across IRM and Internal Audit. Does anyone have any insight? How many people will be affected?

From what I can see, the brunt of it was yesterday with a few leftovers today. Can we consider it done?

Shell announced it will sell Jffy Lube to PE for $1.3 billion. Short term gain for long term loss. What happens in 15-20 years when the Pennzoil supply agreement ends? What then?

Anyone able to confirm that?

My SVP told me 1k employees will be RIF’d and 1k will transfer out.

There will be a phased approached to more in 3 months time when transition has completed and more expected then
OP: @a3+1kmgk61vh

Just came across this somewhere in replies. Putting it up for visibility.

It's sad that that's something to get excited about these days.

Non-Core layoffs, who's actually been affected?
I'm a US-based remote employee in an SMBC Non-Core unit. I was certain I'd be laid off, but the axe hasn't fallen on me or several peers.
Is this a real stay of execution, or just a holding pattern before they sell us off?

We are all sad to see our brilliant coworkers leave this week in the US and around the globe. Is this round finished? If so, when will be the next round? We all need to get prepared for the next impact now.

Layoffs across major Bay Area tech companies like Meta, Google, and Salesforce have continued into 2026, reflecting a shift in the job market after years of aggressive hiring. While demand still exists for highly skilled workers, companies are becoming more selective and offering smaller severance packages. Most laid-off employees are finding new jobs within three to six months, though some searches are stretching up to a year. High living costs in the region make job loss especially difficult, as unemployment benefits are limited and often far below previous salaries.

https://www.sfchronicle.com/personal-finance/article/bay-area-tech-layoffs-finances-22079770.php

Any new info on this yet?

Don't help them by proving that the work can be done with fewer people by breaking your own back for nothing in return. Don't say no, just say you're busy. Your plate is full. You'd love to help but there's simply not enough time for it all. They're counting on you breaking. Please don't.

Anyone know the numbers?

Yesterday we understood from the call that EVERYONE in the PS,CIO , DEV (except a few people) will be moving to 3rd party companies or let go, but today many people from all impacted groups are already retained, was this poorly communicated or they wanted everyone to feel the threat(then feel grateful?) feeling bad for those who moved or laid off, wishing you the very best .

… is what the chairman of the board likely said when it was assumed that Mark B. brought OpenText to the lowest depths possible. Jenkins is doing a great job of flirting with stock prices in the teens, which he will soon reach, and destroying what little morale was left.

I was let go today after receiving a great review and a hefty merit increase. I worked hard and produced great results. And as the case with many others before me and today, Mr. Jenkins and his ilk said sc--w you. Meanwhile, the two-legged snakes, family members and ever-shrinking legion of sycophants blissfully flop around in the increasingly pot of boiling water.

This ship has already hit the iceberg and is sinking at a faster rate than it was during the disastrous regime of Mark B.

The 3-book series on AI will not save this company, nor will the line-up of summits in Canada will not save this company. It is too late for that.

To all you good people still stuck on this garbage scow, find a life-raft now. Because if you thought marketing campaigns featuring scary muppets, goats and bland superheroes were bad, the upcoming Canada-is-a-trusted-player-in-AI campaign will “elevate” your opinion of those disasters.

Canon Middle East, Central & North Africa, the UK, and South Africa are facing massive layoffs. After 13 years with the company, this is something I have never seen before. The new HQ leadership is pushing for maximum profit, and the result is a wave of layoffs across multiple regions.

Heard around at IT that convo's about delivery of layoff just happened. GL!

The Arkansas Department of Commerce (ACOM) is eliminating 27 employee positions. These cuts stem from reported funding issues and mismanagement within the agency. Federal officials previously warned one division about excessive spending and labeled it high-risk. Lawmakers discussed the layoffs and questioned potential racial bias in the selections. Affected employees will not receive severance but are eligible for re-employment consideration.

Little Rock, Arkansas

https://www.5newsonline.com/article/news/regional/arkansas-news/arkansas-lawmakers-report-state-employee-layoffs/527-c0ed5f08-b575-476b-8fb4-410e9be9b710

Tyson recently laid off nearly 5,000 employees. These cuts impacted beef processing plants in Texas and Nebraska. An Arkansas expert links these layoffs to broader beef industry issues. The U.S. has its lowest beef cow population in 70 years. This trend could lead to more layoffs and plant closures.

Fayetteville, Arkansas

https://www.5newsonline.com/article/news/regional/arkansas-news/arkansas-expert-tyson-layoffs-beef-industry-issues/527-2270a346-c9c6-48c9-9bc3-a081f263a89b

Initial unemployment claims in Arkansas rose last week. The U.S. Department of Labor reported this increase. New jobless claims reached 2,057 for the week ending December 6. This was up from 1,319 claims the prior week. U.S. unemployment claims also increased to 236,000 last week.

https://www.swtimes.com/story/news/2025/12/13/unemployment-numbers/87715873007/

DOW is recovering. FISERV is not. Glad I’m out of my position (both the job and the stock).

Even without any rumors, even without any announcements, all I can think about every single day is what's going to happen if I lose my job to cuts. I wasn't like this before, I swear. But with all the small and large cuts in the last few years, I think they broke something in me.

After 15 years of time at State Farm, 3 CEOs, COVID, work from home, hybrid, and whatever comes next - I can safely say that this company is absolutely sc--wed. I dunno who in the chain: Farney, some random VP, or that consulting firm they hired last year thought it was a good idea to push us back to office more frequently - but at least be honest when you give us the reason. It’s micromanagement. Pure and simple. Don’t tell us it’s ‘collaboration’ because if that was truly the case they’d open operation centers again and push the former ops center employees into office.

I thought when Tipsord retired, we could go back to what we had under Ed Rust Jr. A State Farm where you were treated well, trained better, and could build a future towards a good retirement. Boy - did that not happen.

Farney has made it clear he portrays one heck of a down to earth boss but the truth is closer to a Hallmark movie villain. June 1 (in the middle of summer) parents and grandparents have to find people to watch their kids. And the company’s response ‘we got you a totally sweet discount - go check out this page in the intranet’. On top of that let’s talk about the costs of coming into the office. Virtual employees don’t pay for gas, don’t have to pay to go to work, don’t have to waste time commuting - but sc--w the rest of us. Worst career decision I ever made was leaving the ops center for a HUB for opportunity that never happened.

I genuinely hope Progressive pulls away, Geico passes us, and honestly Allstate (because they do 100% virtual). Maybe Bloomington will pull their head from the advertising backside and listen to employees again. Knowing this regime they’d pay a consulting firm who hires Arnold Schwarzenegger (at our expense) to tell them to be a good NAY-BUH to tell them we don’t like it - only to make us come in more.

Arizona's economy recently showed positive job growth. The state added 38,500 jobs over a 12-month period. This period ended in August 2025. Arizona's seasonally adjusted unemployment rate was 4.1%. This rate is slightly lower than the U.S. unemployment rate.

https://www.azcentral.com/story/money/business/economy/2025/11/06/10-biggest-arizona-mass-layoffs-2025/87114393007/

Need a class -action lawsuit against these id--ts! FIS mgmt. should be the folks leaving not the hard working class. I am betting we'll be forced to accept roles with Cognizant to keep a paycheck coming in only to get sc--wed within a year from now. Betting it is the way FIS gets around paying severance packages and Cognizant will get their cut. I am highly irritated with the manner if which they handled their business, and we are all being lied to by managers saying they had no idea, when we know they were included and had likely had to sign off. Deals like this don't happen overnight this has been in the work many many months, pushing a year and I hope they remember karma is a !@#$%