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

  • 📰 SooToday
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 85%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

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:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines