Is that it ? Do we all go back to work or will there be more to filter down
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@f1 He did. After the marketing segment.
@ez He said leadership roles within these orgs will be announced.
Eh, no he didn't
@ez he didn't say anything about employees being notified or leadership positions within orgs to be announced
Don't lie
CEO was pretty clear in the announcement that this is just the top level. He's created his organizational layout and moved senior leaders into position. He said leadership roles within these orgs will be announced. He said the other - the rest of the people who will fall into place under these orgs to be notified. He took away job titles from his leadership team and made them all have a very standard title. They all have a very limited specific role. For example, he no longer has a president of sales, he has an EVP who only manages sales now. He took away sales marketing, sales operations, sales strategy and soon sales enablement. All of that will be part of single, global orgs. He doesn't want any one org to have sat over anything other than their one role (sales or product or marketing or strategy etc.).
The teams are already aligned. NOT announcing or notifying employees impacted where they land UNTIL AFTER WFRs take place.
CEO was clear in his announcement that he will be taking his larger strategy plan to the board of directors in November. He doesn't get to make decisions solo. His plan will need to be vetted and endorsed by the board of directors, maybe they'll make a few changes, and then in February the new open text gets shared with employees and the public. He can't share it with employees before it becomes public. And I'm talking about the broader larger plan, not this simple announcement about his new org, because it will leak and that would be impactful to analysts and people buying or selling their open text stock. Things like divestitures, OpenText focus, ELT exits and new ELT members, partnerships, etc.
Not sure why the confusion because he laid it all out - More to come he said.
There will be continuous reorgs until the end.
The feckless management wants to give the appearance of doing something. Every reorg give them more time. Ultimately, it will fail, but leadership will be paid well until stock reaches 0.