{"schema_version":"secwatch.filing_event.v1","accession":"0001002638-24-000034","form_type":"8-K","ticker":"OTEX","cik":"0001002638","company_name":"OPEN TEXT CORP","filed_at":"2024-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.835468+00:00","generated_at":"2026-05-31T23:25:54.711615+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"OpenText plans net workforce reduction of 400 jobs targeting $150M annual savings","bullets":["Reduction of ~1,200 positions offset by ~800 new roles in Sales, Services and Engineering; net ~400 reduction (1.7% of workforce).","Annualized cost savings of ~$200M; reinvestment of ~$50M yields net ~$150M savings in Fiscal 2025.","Restructuring charges of ~$60M, substantially in Q1 Fiscal 2025 and mostly cash-paid.","Business optimization to be substantially completed by end of Q1 Fiscal 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001002638-24-000034","json":"https://secwatch.observer/filing/0001002638-24-000034.json","markdown":"https://secwatch.observer/filing/0001002638-24-000034.md","text":"https://secwatch.observer/filing/0001002638-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1002638/000100263824000034/0001002638-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1002638/000100263824000034/otex-20240703.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:25:54.711615+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}