https://layoffcheck.com/companies/opentext Layoff and WARN notices reported for OpenText. en-us https://layoffcheck.com/companies/opentext#2026-03 https://layoffcheck.com/companies/opentext#2026-03-96 Tue, 24 Mar 2026 12:00:00 GMT OpenText reported a workforce reduction in Waterloo in March 24, 2026. https://layoffcheck.com/companies/opentext#2025-05 https://layoffcheck.com/companies/opentext#2025-05-364 Tue, 06 May 2025 12:00:00 GMT OpenText announced 1,600 job cuts in early May 2025, framing the reductions explicitly as an AI transformation. CEO Mark Barrenechea put it directly: "The work still needs to be done, it's just going to be done with a machine via AI." In an internal message he added, "AI will totally change OpenText, our work, our customers, our lives. We are all in." The Waterloo, Ontario company employs roughly 23,000 people globally, including more than 3,000 in Canada. The cuts, combined with 1,200 roles eliminated in July 2024, bring the net reduction to around 2,000 positions after OpenText said it planned to rehire approximately 1,000 workers in strategic locations. The restructuring is expected to generate annual savings of $490 to $550 million USD. The announcement came against a deteriorating financial backdrop: Q3 2025 revenues had dropped 13% year-over-year. https://layoffcheck.com/companies/opentext#2024-07 https://layoffcheck.com/companies/opentext#2024-07-732 Wed, 03 Jul 2024 12:00:00 GMT OpenText announced on July 3, 2024 that it would cut approximately 1,200 positions, about 2% of its global workforce, as part of what it called a "business optimization plan" tied to its OpenText 3.0 strategy. The Waterloo, Ontario-based information management company pegged the cost of the reductions at roughly C$60 million but projected annual savings of C$150 million starting in 2025, along with a further $200 million in annualized cost savings. CEO and CTO Mark Barrenechea said the goal was "placing the right talent in the right locations of our business, funding growth and innovations" with "higher productivity, lower cost, and expanded margin." OpenText said it planned to reinvest C$50 million annually to create around 800 new roles in sales, professional services, and engineering. The cuts were linked in part to integrating Micro Focus, which OpenText had acquired in January 2023. https://layoffcheck.com/companies/opentext#2023-01 https://layoffcheck.com/companies/opentext#2023-01-2260 Tue, 31 Jan 2023 12:00:00 GMT OpenText reported a workforce reduction in Waterloo in January 31, 2023.