Anyone know if large layoffs are coming in October ? Aymon mentioned in town hall that large layoffs were only if a company had a profit problem whereas Opentext has a revenue problem so sounds like no cuts ?
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@1f8 , and insiders sell shares because they don't share the CEO's desperation.
@1cf ELT awarded every month and sell shares. Only CEO is "buying", for now
@15m , did you know Todd sold some of his OT shares ?
Don't worry, Todd's new GTM model will turn this all around.
@mw By all the negative reactions it looks like people didn't get your humor by adding Beep Boop at the end. I got it. I'll give you a positive reaction. :)
@vf they have only 10 ELT to WFR?
@f8 absent and gone by noon, just enough to satisfy the swiping requirement.
Agreed and confirmed 100%. A few people will be let go in October as we are clearing out the deadwood , less than 10/ to go
The rest of the company is growing rapidly so ith hundred being hired
@ke , hopefully the new id--t bot is also wfr in October.
@qp agreed and confirmed 100%. The stock is doing great and love our turnaround story
New customers are arriving in droves and we are hiring hundreds across the globe
@mw stocks are down 3.72% in last 30 days, -5.02% in last 5 days. Thats not what you would call "market is rewarding us"...
@jd Confirmed. The market is rewarding us. Hiring and returning to growth. Beep boop.
@jd this id--t is back lol “we are returning to growth and markets loved us “
People leaving in Cyber are not being replaced. Been like that a couple of years. Muhi ki-led the cyber business.
There will be zero layoffs in October
We are hiring and have returned to growth
@gt go home, HCL is hiring
@f8 come to office talk to people, only one problem I need to talk to people in COE in India, whose hours is not align with mine. Awesome. And 16 dollars for lunch and soda, yep, alright. Is free parking during work hours counts as a benefit now?
@ex and rightly so, the energy in the office is unbelievable
@ex yeah come get ONE fu--ing cookie or apple and celebrate communication.
People were dancing in the hallways at Waterloo, celebrating five days back in office. Mark B would be proud!
Wave 2 of the July GTM WFRs is in October. There is also a separate WFR brewing around changes Ayman is making to the new GTM strategy (because it's not working as planned).
@OP This question occurs with sickening regularity, and the answer is always the same.
There will be no official "layoffs" because those have obligations, like severance, and WARN notices.
The standard practice of driving employees away with horrible treatment, and forced stack ranking with quotas for those to be reduced "for cause", and replacing them with cheap COE replacements will continue. It's the only tool they have to improve short-term metrics.
Long term, nobody wants to buy dead products staffed by substandard cheap labour.
Layoffs are tradition in OT. There are more managers on calls than engineering. Pay off your debt, live below your means and stock up your daily food. Brace for raw couple of years.
@ay it's never looks great, so layoffs are imminent. I mean business as usual
The stock price. It's never anything other than the stock price dictating WFR. And right now, it's not looking great.
To the long post/rant just before me: Amen! You just captured what many of us are thinking. I’m operating under the assumption that I will be let go by December, and am planning accordingly. Stressful way to live/work, but hopefully less jarring if something happens before I get to exit on my own terms.
@ah he also said in the town hall we're being given 'recommendations' outside of him. We're supposed to know those soon, but if those also still recommend reorgs or more layoffs, he said he would follow them.
If you're not at a CoE, it's not impossible to say it's not over yet. Some CoEs like Ireland already got additional headcount to come.
Well you can't have profit if you don't have revenue, so yes, there will be cuts unless OT can bring in sufficient funds while trying to stop the hemorrhaging of customers leaving.
With CEO Ayman Antoun taking the helm in early 2026, OpenText announced a structural reset for fiscal 2027. Management is shifting $100 million to $200 million into expanding AI capabilities, cloud infrastructure, and partner networks. In corporate restructuring, reallocating capital into new focus areas typically involves downsizing teams tied to legacy or non-core business lines. So its business optimization framework involves continuous workforce rebalancing. Employees working on legacy on-premise software products face higher risk of restructuring than those in high-growth divisions such as sovereign cloud, cybersecurity, and enterprise AI infrastructure.