OpenText eliminates 1,200 jobs in July, part of ‘business optimization plan’

What’s happening at OpenText?

OpenText has announced they will be laying off approximately 1,200 employees as part of a plan to optimize the business.

The Kitchener-Waterloo based information management company made the change public in a blog post from CEO, Mark J. Barrenechea, on Wednesday, July 3, 2024, where they described their “Business Optimization Plan”.

Official statements and context

• In their statement, the company announced the launch of OpenText 3.0 and outlined a 3 year plan to realign their business strategies which included the trimming of 1200 staff.
• The company aims to shift focus and concentrate more on business clouds, AI, and security & compliance.
• OpenText plans to reinvest by creating 800 new roles to support continued growth.

Your next step

If you have been affected by the layoffs at OpenText, continue reading to find out what your rights are, and why you need to contact the employment lawyers at Samfiru Tumarkin LLP.

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Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

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If you’ve lost your job at OpenText for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.