Your thoughts?

Come on Paul. You can post more and we can all laugh at you.

The initial sticker shock and gossip is dying down, it's day 2, you have a sense of peace and hope, but also fear and uncertainty. Enjoy this period, take a minute for you, the reign of Mark is ending, there will be more changes to remove more of... — read more 

Or am I an id--t for believing that things will actually change for the better after the CEO ousting?

Savinay, Carlos, Eric...we are stretched beyond the breaking point. Please do not ki-l us with unrealistic expectations. Help us get stronger, get our confidence back in the company, so we can all thrive together. Amen.

I feel bad for the people who were laid off in March and April. It didn’t have to happen that way—they should have decided to replace the CEO earlier instead of cutting employees who rely on their paychecks. Was the CEO fired because of AI?

Personally, I probably wouldn’t look for another job — I might just sell everything, buy an RV, start a YouTube channel, and travel across the country.

happy, relieved, panicked, or conflicted?

the news is everywhere

Are more layoffs coming?

It’s initially good. Because of this change there might be new trust into the company strategy and boost sales/confidence/stocks from external peers. However medium/long term we will see what the new CEOs strategy is. If they will downsize the... — read more 

My vote for us would be Paul, but I see on another thread he may not be the best option.

They are, after all, the ones that let Mark run this place into the ground. They should have all been let go to, unless they found God and see the error of their ways.

Paul is a smart, honest leader. He also cares about employees. It’s time the LOVE model gets implemented internationally.

As Janine from Ghostbusters would say: We got one!

Right after I left I was contacted by a few firms that wanted to "debrief" me. What will happen with the suits that were hovering out there. Mark pretty much oversaw billions in misallocation and capital destruction.

Anyone have the emails they can share?

https://www.theglobeandmail.com/business/article-open-text-ousts-ceo-puts-more-divestitures-on-table-as-organic-growth/ Their spin on the press release

Mark B was cyber everything, numbers on that BU were terrible. First BU to go will be MF Cyber too expensive to maintain the employees are hard to retain.

Bye 👋

Is this good or bad though lol

Long long overdue. The company can now get back on track to making good products instead of funnelling money into The Hut’s pockets. The board members finally woke up from their decade long nap. Good riddance.

So mark decided to give $600M back to investors while firing employees firing 2000 people. It didn’t help the stock at all. He ran the business into the ground. Why doesn’t the board do what is fiscally responsible and fire him. When will someone... — read more 

Received Mark's email and it sounds very positive. But analysts are describing a different outcome. Did OT have a solid FY?

Wake Up OT. Karma is a Bitc_. Treat the employees with respect and pay them better and you may have a chance for the the stock to come back. Othewise it's going to continue to circle the drain.

Just want to say that all the people complaining here are toxic. When we joined this company, we committed our focus and energy to help increase revenues and be a part of a dynamic team. When we become negative, badmouthing on an anonymous forum, we... — read more 

For those that are still part of the bonus pool, what are the chances of a FY25 bonus? And when will it be paid out?

I’m very curious about the reasons behind the quiet rise in stock prices these past few days. I suspect insiders might be deliberately driving up the price so they can profit big when the stock crashes after the earnings report. The company’s stock... — read more 

To anyone grinding through the chaos—just know you’re not alone. This place can wear you down, and it’s okay to admit it. Prioritize you. The stress, the silence from leadership, and the lack of care? It’s not worth your sanity. If they treat you... — read more 

Another reason why the tech industry makes people feel a sense of degeneration is that the approach to doing things has changed since the rise of Indian assistance. US engineers who excel in the technology industry mostly have a good education... — read more 

I understand the urge to walk out, trust me, the daily disrespect takes a toll. But consider this, both severance and unemployment benefits require being laid off, not quitting. Isn't it better to tolerate a few more months to secure severance? Just... — read more 

After OKO, it’s clear That OT has no team AI plan. The great new features shown by the EVP product was nothing more than generic AI garbage and the podcast piece at the end was notebook LM. I see the new chief product officer is as clueless about... — read more 

I used to think experience and performance would protect me, but at this place, high pay seems to paint a target on your back. If you’re earning more than your peers, don't get too comfortable. Keep an eye out and make sure you’re not the most... — read more 

Curious what is your individual take.away from the kick off?

https://www.newswire.ca/news-releases/opentext-announces-chadwick-westlake-to-pursue-ceo-opportunity-in-canadian-banking-sector-827492416.html Chadwick Westlake, EVP and CFO of OpenText, will step down to become President & CEO of EQB. Cosmin... — read more 

Embarrassing. The AI videos showing OTs plan for AI, panning the center, etc was embarrassing to watch. Middle School students create better media.

I came to know from a friend that he was recently laid off and he filed a wrongfully dismissed case again Opentext.

I’m intrigued by the speculation surrounding Mark’s anticipated announcement at this year’s OpenText World on Tuesday. The venue selection presents a notable departure from convention. Whereas this corporate gathering has traditionally been hosted at... — read more