Open text to axe 500 global jobs
Enterprise content management software vendor Open Text is preparing to axe 15% of its global workforce following the recent acquisition of rival Hummingbird.
The company currently employs more than 3,500 staff, but will cut that number by around 500 as part of the integration process.
John Shackleton, president and CEO at Open Text, said in a statement that “unfortunately, this is necessary to eliminate the redundancies that invariably come when turning two companies into one.”
Open Text has not yet revealed which geographic regions will be most impacted by the news, but admitted that job functions within areas of the business that fit outside its core strategic focus remain most at risk.
Open Text earlier this month signed systems integrator Itqan as its prime partner in the UAE.