Waterloo software firm OpenText cuts 1,200 jobs as part of business optimization plan

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WATERLOO, Ont. — OpenText Corp.'s chief executive says the company plans to shed about 1,200 roles as part of a business optimization plan.

WATERLOO, Ont. — OpenText Corp.'s chief executive says the company plans to shed about 1,200 roles as part of a business optimization plan.

He says the Waterloo, Ont.-based software company's job reduction will come with one-time costs of about $60 million but will generate about $150 million in savings per year.

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