Were layoffs always an issue at OT?
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@rc , Ayman methods might have work if there were anything to cut. Microfocus were already cut to the bone. Not sure how much more can you cut without it all falling down or be reduced to a small company that is not worth a public listing.
Ayman has been brought in as a fixer CEO. Mark built a house of cards to satisfy his own ego, and because the Board was filled with his friends, there was hardly any proper oversight or accountability. Eventually, investors lost patience, and Mark was shown the door.
Now they have brought in a retired CEO whose primary interest, in my view, is to make a substantial amount of money. He comes from the old IBM school of management, where cost-cutting, financial engineering and shareholder returns take priority over people.
Ayman's strategy seems quite straightforward: cut, cut and cut some more. Reduce costs aggressively, show improved financial numbers, push up the share price and collect a massive payout. My suspicion is that within 24 months, he will walk away with his money, leaving someone else to deal with the consequences.
In the meantime, I fear he will burn bridges, undermine people and sacrifice customer relationships without much concern for the long-term damage. He does not appear to be here to build a sustainable business. The focus seems to be on creating enough short-term financial excitement to satisfy investors and maximise his own compensation.
And who pays the price? The employees. People lose their jobs, those who remain are expected to do the work of three or four people, and everyone operates under constant pressure and fear. Customers suffer, morale collapses, and the organisation is hollowed out.
By the time the full consequences become visible, he may already have collected his payout and moved on. The shareholders may get a temporary bump in the stock price, but the employees, customers and long-term health of the company will be left carrying the burden.
it was NOT always like this. There were yearly 3-5% layoffs but not like it was the past couple years post hMF acquisition. If you were a bottom performer or wanting an early retirement you normally survived. Post acquisition things changed across the board.
"Was it always like this?"
"Were layoffs always an issue at OT?"
OpenText layoffs and leadership incompetence is as old as time. As long as the company exists it will not change.
@f7 This guy gets it
@dk I love that OpenText has made posting to this board a higher priority than running a competent business. There is no question in my mind that Citrix (no copy/paste) was created to test the limits of human endurance. SM8 must've really su-ked. :):) Still love reading the posts from competent engineers that crystallize my thoughts exactly. Hang in there people -- the end goal: make as many people quit as possible. Do not give in. Hang out with your families. Cash checks. Enjoy life.
@a4 , you have constantly made redundant, overwork and underinvest in the people you called your most important "asset". In case you don't realise, this site is dedicated to all the layoffs from Opentext.
@ca thank you for what ?
Lol....the CDO doesn't know who to trust. I think the new CPO will become the CEO in about a years time. cEO will be out. Watch this game of musical chairs and game of thrones being played out on real life. You heard it here first. You can thank me later.
@OP yes. No reason to think it will change.
@OP agreed and confirmed 100%, there are no layoffs
As CEO said the new strategy is being built around our most important asset, our people