Home / / Open text axes 3,500 workers

Open text axes 3,500 workers

Software vendor Open Text has announced it will axe 15% of its global workforce following the recent acquisition of rival Hummingbird.

The enterprise content management outfit currently employs more than 3,500 staff, but will cut that number by around 500 as part of the integration process.

Open Text has not yet revealed which geographies will be most impacted by the news, but admitted that job functions within areas of the business outside of its core strategic focus remain most at risk.

In a further move to reduce duplication costs from the merger, Open Text also plans to scale back facilities by closing and consolidating offices.

Details of cuts are still being thrashed out, but the firm said it expected to reveal more information in early 2007.

John Shackleton, president and CEO at Open Text, said: “The changes we’re making involve some tough decisions.

Unfortunately, this is necessary to eliminate the redundancies that invariably come when turning two companies into one.”

Follow us to get the most comprehensive IT business news delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.