What is SM's excuse this time around?
https://cloud.google.com/blog/products/databases/paypals-historic-data-migration-is-the-foundation-for-its-gen-ai-innovation?e=48754805
13 replies (most recent on top)
@1y5 That's a very good point LMAO...Who knew customers would actually be interested in cloud computing benefits/elasticity?? Obviously, cloud was a fad...
@1v5 Wait one minute. How can we be late to the cloud when I understand Burning Man said it was a fad.
Late to the cloud...Late to AI...nothing new...nothing innovative...nothing compelling...nothing that would attract a new customer or keep existing customers. RIF'ing the wrong employees. Hiring nothing but cheap labor now. It's bleak...very bleak. The end game is literally the end game, which is sad for a once great company. I am not sure who would even want to acquire this place given the current climate and direction and wonder how they will be honor their contractual obligations given all the cuts to the few remaining customers they do have. They better not RIF the legal team because they will eventually need them when they can no longer support customers because of all the cuts and their remaining, slow to move off the platform customers start screaming. Who knows, maybe it's already started.
Anyone question what the end game here is?
We're not spending enough in R&D to bring anything revolutionary to the market. We're already a step behind on AI integration, and again, havent seen anything revolutionary. As far as I know, there is nothing that would make a customer have a strong desire to be on the Teradata platform, so new customers will be slim to none.
So are we just hanging on until we're bought by someone? Is there any chance of a turnaround? Or just keep treading water until the last big customer leaves and the pieces are sold for scrap.
@jf The current CEO is a joke. He has literally no clue WTF he’s doing.
@jf Exactly like I understand Teradata funded migrations back when customers actually wanted to be on Teradata. PayPal leaving is huge. And just one example.
you do realize that google funded the migration heavily and PayPal was also using snowflake before which they don't use now and fully moved to big query. Yes, they were one of our biggest customer just like Walmart, however the failure came in from Oliver's time as CEO and the caretaker CEO after his exit and nothing to do with the current CEO. Not every decision is due to product rather political and executed due to executive decisions. PayPal is also getting embedded into various google services if you hadn't noticed it - https://investor.pypl.com/news-and-events/news-details/2025/Google-and-PayPal-ForgeMultiyear-Partnership-to-Revolutionize-Commerce/default.aspx
@ad which ones? They can't even get new logos nor keep the ones they have...
@e7 more than one migration tools available in the marketplace. The marketplace where Teradata claims to win every hour, or not. Customer just have to sign a PO to another vendor. What is really sad is these guys do not even try anymore.
I recall some of the leadership boasting that paypal would never get off TD and that they could keep adding double digits at renewal time as the customer had no other choice. The egg is on their face now. This again demonstrates that any customer no matter how large is moving off a legacy platform and onto a platform and a vendor that innovates
@a3 Any chance that bank renewed something last year?
I know 2 very large banks did big renewals last year...
PayPal is kinda on the way down no? Teradata has lots of other wins this year
Just one of many companies that is moving on from Teradata...Last week I was talking with some buddies from a large bank that just announced that they are also soon to be an 'ex' customer and now migrating to Snowflake. Death by a thousand cuts...