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back to article OpenText completes Micro Focus buy, CEO says bye to 8% of workforce

OpenText marked the completion of its $6bn purchase of Micro Focus by setting out plans to shed 8 percent of the combined workforce, equating to circa 2,000 people joining the dole queue. The all-cash offer was tabled in August and after passing the shareholder sniff test, the sale was finalized yesterday. “I would like to …

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  1. ecofeco Silver badge

    Combined workforce?

    I'm going to bet it was just the employees from Micro Focus.

    But I'm just cynical way. /s

    2 0 Reply
    1. ecofeco Silver badge
      Reply Icon

      Re: Combined workforce?

      "... cynical that way..."

      Dang it.

      1 0 Reply
  2. From the States

    They bought MF for the Novell IP. LOL

    Micro Focus has dropped the hatchet plenty of times with its acquisitions. Now, the tables are turned.

    5 1 Reply
    1. Bebu
      Reply Icon

      Re: They bought MF for the Novell IP. LOL

      Curious - what particular Novell IP?

      Must admit Micro Focus was off my radar since the time they were marketing cobol and other compilers for msdos (and cp/m?)

      If it were Netware they wanted I wish all joy to them. :)

      I suppose it might be some directory server stuff or residual USL IP.

      I would throw in System V streams with Netware gratis. :)

      1 0 Reply
  3. dryad

    Cheap and not so cheerful Opentext

    Opentext buy companies regularly, trim them down and move onto the next big-ish thing that the CEO & CTO thinks. Having had the mis-fortune of being present as a visitor for one of Barrenechea's all staff meetings its all about him and his ego. It's the cheapest company I've had the misfortune of having dealings with

    0 0 Reply

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