OpenText plans to lay off 1,200 staff

But hopes to create 800 new roles in sales, professional services and engineering

clock • 2 min read
OpenText plans to lay off 1,200 staff. Source: Wikimedia. Credit Scooter de
Image:

OpenText plans to lay off 1,200 staff. Source: Wikimedia. Credit Scooter de

OpenText, a supplier of a wide range of cybersecurity, AI and other IT management solutions for MSPs, plans to lay off 1,200 employees and add 800 positions as part of a "business optimisation plan" to support its "growth and innovation plans," according to a 3rd July filing with the US Securities and Exchange Commission (SEC).

Overall, the business optimisation plan, which is intended to strategically align the company's workforce, is expected to result in a 1.7% reduction of its workforce to approximately 23,000 employe...

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