What happened to the other BU's that were sold off? Did all employees get laid off?
To be sold off seems like a good thing at this point, or is that just wishful thinking?
11 replies (most recent on top)
@OP In cases such as AMC, some employees were transferred to Rocket Software. It ultimately depends on what is being acquired and whether the buyer decides to retain knowledgeable employees to support the transition.
In many cases, the acquiring company keeps certain employees on fixed-term contracts to assist with the handover. Those who remain until the end of the agreed transition period may also receive a retention or completion bonus.
Come back to this site in 3 years when there is no longer a company called OpenText. Opentext has only 1000 days left max.
@fn You seem confused with such a response someone unable to decode what "BU" means.
Please explain how that make them a "vulture ghoul", and not just a dimwit.
@bg Bear Uvula
@bg , if you are not Opentext, get off the site, you vulture ghoul. The stench from Opentext must be attracting them.
@cr Most companies, unlike OTEX, try to preserve the knowledge of the acquired product team. They may actually try to keep some of them around for a while.
OTEX immediately abuses the acquisitions, and replaces key people them with cheap replacements with no capability.
An astute buyer might notice this.
The products OTEX is trying to offload have been gutted, and only useless COE remain.
@bg Let me google that for you.
https://www.google.com/search?q=what+does+BU+stand+for
Note, that in this context, it is the second definition that applies here.
If the company is sold, there will likely be layoffs due to redundancies in the labor force. Careful what you wish for!
Please address what “BU” is.
It's why I'm still around. Been sold 3 times so far, landed on my feet each time. Course new companies have been progressively worse, but I doubt someone like Rocket can be as bad as staying with OT. Here's hoping.
Layoffs and then a skeleton crew or training a cheaper replacement.
Great if you were secretly able to automate and handle it. A nightmare if you can't.