Out-of-touch corporate bureaucracy that doesn't value its employees - Anonymous employee OpenText Employee Review

I, like the vast majority of OpenText employees, joined the company as part of one of its endless acquisitions. They assured us during the process that things would go smoothly, that there wouldn't be lay offs and things would be business as usual. They've done this many times, so they know what they're doing, they said. Within 6 months, we had the first round of layoffs. A few months later, all of our in-house IT staff was laid off without warning, crippling our support systems and causing sweeping outages. It is unclear whether the lies and blunders were due to malice, incompetence, or simple greed. We saw our benefits cut, receiving worse health insurance especially for families (forcing many of the employees who survived to leave). Our 401k matching was cut to a pitiful percentage, and even arrived late due to payroll errors. Pay raises were delayed to the following calendar year in order to implement a new performance review system, complete with goal management and time tracking. In some cases, people were delayed upwards of 6 months, only to get a pitiful ~1% increase that didn't even keep pace with inflation. All this while the company continues to acquire more and more companies, and touting it's highest profit ever during quarterly buzzword-bingo all hands meetings where the CEO bloviates about the latest buzzwords or pet concepts of his. If OpenText doesn't cut your job, they will cut your benefits until you leave. Our health insurance is worse (to the point they had to offer a stipend to cover the increased cost to prevent a mass exodus). Our vacations and holidays are less flexible. Our raises and bonuses are nearly nonexistent. This is an international technology company with offices worldwide that DOES NOT ALLOW TELECOMMUTING as a matter of policy, even when your team is in a different state or country. There is no meaningful direction from leadership beyond vague concepts whose reasoning you'll never get to know. Orders come from on high without consideration for those below, and if you question them you get quoted snippets of "policy" (if you get a response at all). There is no obvious path to career growth, short of waiting for someone above you to get fed up and leave. OpenText's modus operandi is to acquire companies, trim all the fat (and then some), and skate by on lingering revenue streams. For a company with such a wide range of products under its umbrella, you'd expect some collaboration and innovation. There isn't. It's a grim testament to capitalism that a company like this not only stays afloat, but excels. You are not safe from the axe. There is no meaningful future here. Get out now. Please don't make my mistake.