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.”