OpenText cuts 1,200 jobs as part of what it calls business optimization plan

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 10 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 171%
  • Publisher: 66%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

The move will be combined with plans to create 800 new roles in sales and engineering and comes as the company is ushering in a new chapter

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines