December 24, 2024

Open Text to cut 1,200 jobs as part of cost-saving plan

 Open Text to cut 1,200 jobs as part of cost-saving plan

Open Text to cut 1,200 jobs as part of cost-saving plan

Open Text’s stock rallied Wednesday, after the enterprise-software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year.