5. Mark Barrenechea, OpenText

OpenText will lay off 8% of its workforce, the company  said. The cybersecurity firm has more than 14,000 employees in 60 offices worldwide.

Coinciding with that announcement, the company also closed on its acquisition of British rival Micro Focus for $5.8 billion. Micro Focus is an enterprise software provider that helps customers accelerate their digital transformations.

Mark Barrenechea is OpenText CEO and CTO.

“I would like to welcome Micro Focus customers, partners and employees to OpenText,” Barrenechea said. “Digital life is life, and with Micro Focus’ great products and talent, we will help organizations of all sizes accelerate their digital transformation.”

Learn why cost synergies are a key part of this acquisition.