Thread regarding Open Text Corp. layoffs

So what do you think of Ayman?

He came in quiet but to me he feels like a wolf in sheep’s clothing. He exemplifies everything we know about IBM:

  • everyone for themselves
  • willing to do anything for short term profit
  • no allegiance or feeling of obligation to support those that keep the company going
  • this week’s changes were horrific

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Post ID: @OP+1m4kvhchs

5 replies (most recent on top)

@dd I think that's a decent assessment. And for sure I thought the same about his first town hall--make us all afraid that we're not going to have a job for long if we don't give OT more of our time (unpaid and underpaid).
I find him to be unpleasant and condescending. And if he was trying to be funny when he chastised people for the F1 imagery rather than soccer (ha!) at the OKO, he blew it big time with the Cadillac people in the building.
Ok, MB wasn't great, but he had some personality compared to this guy they dug up.

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Post ID: @17h+1m4kvhchs

He is here for a very specific short term. His purpose is to carry out the plans of the board. It's a two-year transition - 8 quarters of which one q is now completed.

  1. What OT keeps. What to invest in. Note the products and teams that will move out of "core" business units into non core, all quietly.
  2. Divest the "non core" - some already in play.
  3. Pay down debt and reduce expense (WFRs are part of this).
  4. Become an AI layer. That's the only AI move for OT. To keep customers that we currently manage/host data for and partner with AI providers who need that data to provide AI to that company.
  5. Assess and clean up the ELT. He has already stripped titles and power from his leadership team, most notably sales. Expect there will be exits of some current ELT as part of F27. He will bring in board-approved replacements likely for F28.
  6. Add "fear" into the culture dynamic. He started this during his first town hall making it clear that working weekends and RTO in non negotiable.
  7. Expect he will be here 10 - 12 quarters.
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Post ID: @dd+1m4kvhchs

He is definitely not near top tier.

No good CEO will take over a lost cause with a dysfunctional board.

He is a generic executive functionary, not a leader.

He will do the bidding of the dysfunctional board, and dutifully collect his paycheck until his job is complete. He may even be a fall-guy when the disaster that is OTEX can no longer be hidden with cost cutting and "AI" smoke an mirrors. It's part of the job description when you are a third-rate CEO of a disaster.

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Post ID: @cy+1m4kvhchs

@OP agreed and confirmed 100%. Our CEO is the great the world has ever seen

His revolutionary thinking and strategy is driving the stock price to new levels

A true Messiah

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Post ID: @ct+1m4kvhchs

What changes did he make?

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Post ID: @at+1m4kvhchs

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