Any news on the divestiture of non-core BUs? Is anyone buying SaaS in this market?
6 replies (most recent on top)
So what should we expect? Would they discontinue the solutions? Or things will just stay at a standstill for who knows how long?
@jj agreed and confirmed 100%. Our India offices are teeming with top engineers, everyone is staying and the best engineers in India are applying to work in our India offices
Nobody wants SMBC. Borrowing costs are too high, and OpenText is asking way too much for it.
Also, the only reason engineering layoffs haven't been higher is because of the mass exodus of employees in India. Employment protections in India are terrible, so people aren't sticking around waiting to get laid off. They're leaving on their own terms.
Ain't nobody buying nothing, especially from a broken back company like this one slinging bloated crapware that's at least a decade behind.
Doubt we sell anything off. Private credit is frozen and required often times for things like this. People are scared about software companies to invest in private credit when withdrawals are being limited.
My guess is that one of the next things is the security operations portfolio (Arcsight ++).
Was just moved out of Core business.