I imagine that Teradata is the only company in the world that doesn’t take pride, much less reward the employees that perform the best work, but rather considers the top performers a liability. I don’t know if the management is threatened by their top workers, do they see them as a potential expense or what, but one thing is for sure, being a top performer is the best way to get you chased out of the company. I’ve been at the company for a while now and all of that time I see this process happening. Looks like the demise of the quality of work couldn't. make them open their eyes.
6 replies (most recent on top)
Company was destined to fall when they fired Herman. They made 170 years old CEO who did the rest of damage and then ETL developer is made CEO.
The biggest sh-- is Alison who is a complete c-ap for HR role. Only one good thing TD did so far was to fire that small b--tard Peter Mikkelsen.
@XgRQBtc-1kwd longest tenured high-performers likely are also the greatest challengers of the new direction.
Two birds with one stone.
People can have different views about the strategy (e.g. Gartner thinks vision is fairly complete) but there is little doubt about execution (and again Gartner highlights this) and there it is no action on the latter.
I have NO info regarding anything about acquisitions. I was just speculating based on the behavior of the company. Why would a company lay off some of their longest tenured high-performers as Teradata is doing? Seems like the only reason is to get rid of the employees with the highest salaries/commissions as a way to reduce payroll costs.
If Teradata wants to get bought, they need to sell off the services business, to a services company. CTS? Delloitte? Whoever. The multiples on a software company are much higher if they don't have a big services business.
My speculation, based on the behavior, is they sell off the Teradata Global Services, or Think Big, or whatever you want to call it, to a services firm. Makes sense. Then sell the database technology, which truly is unique and powerful, to some company that could benefit from Teradata's technology. Maybe SAP? Hana is c-ap. Maybe Amazon? TD us 100's x faster than Redshift. Who knows? Could be anyone.
The stock price is holding up pretty well. I can't be the only one thinking that some acquisition of Teradata could provide a nice bump in the price sometime in 2019.
Cognizant... where did it come from? So you mean GDC will be sold to CTS?? How soon...any RIFs expected in GDCs??
Seems pretty clear they are cutting payroll expenses to make the company more attractive for an acquisition. Highest paid, most successful folks go first - biggest impact on payroll. Then sell the services business to Cognizant. Then sell the technology business to SAP. Executives get their sweet golden parachutes with stock deals.
If you have sold this old technology they had paid to you commission , but now Td don’t need good sales because any new customer will buy TD this old staff.
They take care only to spin off business to distributors in EMEA e Apj.
TD is lost . Time to look outside before we became obsolete like Vantage.