OpenText Layoffs

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OpenText, a Canadian information management company with 22,000 employees, has laid off approximately 880 workers, representing four percent of its global workforce. The cuts, part of a corporate restructuring, affected roles across engineering, community management, and senior analysis in countries including the United States, Canada, and India. This move precedes the upcoming leadership transition, with former IBM Americas president Ayman Antoun set to become CEO in April. The company is focusing on its core AI-driven information management business and has been selling non-core assets to reduce debt, aligning with a broader three-year optimization plan.

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