OpenText expands restructuring initiative after larger-than-expected sales drop - SiliconANGLE

Voxeljet announces restructuring after proposed sale is rejected

The deal, announced in December last year and thought to be worth around 20 million EUR, did not receive the required majority of votes to be implemented, and the company is now undergoing a restructuring plan.

OpenText expands restructuring initiative after larger-than-expected sales drop - SiliconANGLE

OpenText Corp. will cut 1,200 roles as part of a restructuring initiative designed to lower its annual expenses by up to $550 million. The software maker announced the plan today in conjunction with the release of its third quarter earnings report. OpenText ended the three months ended March 31 with sales of $1.254 billion, down […] The post OpenText expands restructuring initiative after larger-than-expected sales drop appeared first on Silicon…