OpenText Monday said it is continuing to work with financial advisors to refocus its business on its core Information Management for AI business and exit from certain non-core assets.

OpenText Corp. will cut 1,200 roles as part of a restructuring initiative designed to lower its annual expenses by up to $550 million. The software maker announced the plan today in conjunction ...

OpenText, a supplier of a wide range of cybersecurity, AI and other IT management solutions for MSPs, plans to lay off 1,200 employees and add 800 positions.

OpenText has replaced Mark Barrenechea, its CEO and CTO of nearly 14 years, and will explore selling off some of the “non-core assets” of its business. The leadership change has extensively shuffled ...