Thread regarding Open Text Corp. layoffs

25% of the business is non-core

"That 25% of non-core business, including SMB and consumer cybersecurity, DevOps, and analytics, is going to be a hole worth almost $1.3 billion to fill however, so the shrink to grow strategy better work, and the new CEO may need some patience given to them."

https://www.iteuropa.com/news/opentext-shrink-grow-strategy-may-mean-it-has-13bn-sales-hole


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| 2073 views | | 4 replies (last December 6) | Reply
Post ID: @OP+1kax6nxy7

4 replies (most recent on top)

We need to go all in on AI. Go big or go home but that means investing in R&D not marketing.

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Post ID: @1sx+1kax6nxy7

Just like selling a house you need to invest in it to sell it for a good price. Otherwise it sits on the market until you foreclose or accept a low offer.

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Post ID: @h0+1kax6nxy7

"...we will be sold as an AI and data company, and we mean it.”

BWAHAHAHAHAHAHAHAHAHAHAHAHA!

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Post ID: @am+1kax6nxy7

Good luck finding a buyer for SMBC Cyber. The lack of investment since the acquisition has let competitors pull far ahead.

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Post ID: @ac+1kax6nxy7

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