Teradata are hemorrhaging top talent. McKin are running riot, NC and strategy team are way out of their depth and clueless. 25+ plus work-streams, each with another five or six sub work-streams. Really? KCC MIA. Does the ELT, them, he, she, it know or even care? Or is this part of their master plan? Assuming they have one.
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We should end this thread. Teradata has proven they can’t grow revenue. They will never see $3B. But RIFs every October have become a core competency. NC should have RIFs as a strategic pillar.
@brlt+1ciKBbV0 the government is able to do that because it has a monopoly on the dispensing of violence. Any other entity trying to do that will soon meet it's fate...
Also, why would we be surprised that an entity can bring in BILLIONS of dollars in gross revenue and still have negative NET profit?
Crimany, the US government does that every day, right?
I'm guessing that if the numbers reported were correct, they were counting the value of ALL the outstanding hardware, not just recurring revenue.
It's a great way to punch up the number on the PowerPoint...
So in 42 years TDC is under &2B in total revenue and shrinking 5 straight years. Some guy in strategy told you they could have a $50B on-prem and $100M cloud? That’s what happens when you legalize weed in California.
No, I get it, sure, lots of companies have put critical infrastructure on cloud, and a lot of those have moved critical systems back off cloud after price increases, and/or lack of consistent performance and/or multiday outages, etc.
Non-critical apps/infrastructure, the things you don't absolutely need to run your business, sure, put those on the cloud, no problem (well, at least there's a lot less potential for problems).
But some industries really can't put certain data on the cloud, they are legally obligated to keep it on premises, so those customers will always have a need for premises, at least until the laws change allowing them to put your personal financial/medical/legal records on equipment they don't own/physically control/personally control who has access to.
As for the 50 billion I think he's referring to an all hands meeting where it was reported TD showing the value of the premises customers at 50billion, and cloud customers was around 20billion, then the next slide where it showed "the future" and premises was still 50billion, but cloud was going to be 100 billion. Maybe the person that told him about the slide was wrong, but it was referenced in another forum like this one.
And yeah, it's possible to have a GROSS 75 billion in revenue, but run your business so badly your net is only in the hundreds of thousands. Judging from what we've seen at the executive level, there's a lot of NEW high dollar executive salaries getting added on top of the legacy executive salaries. I would guess that's another for the reason to get rid of a lot of the rank and file at TD, for every 10 or 20 field people, you can hire another executive. Maybe with enough executives the company can finally turn itself around... You can NEVER have too many chiefs!
TalentedMushroom is a cloud denier. I thought I was living in 2011 when I read it. With this lack of vision you could be the next TDC CTO. News flash - many companies have already moved their mission critical workloads to cloud. #Cloud-Second
If TD's a "50billion dollar premises business", why do they keep laying people off to look more profitable every Q3?
@8nhl+1ciKBbV0 Where are you getting $50b from. TDCs total rev is less than $2B. Agree on SM. He was basically an account manager for AMEX at IBM and got booted from Oracle. The board said they would get an experienced CEO? If they were going for a rookie CEO they should have promoted SB. He was the only sharp guy on the ELT.
The cloud just isn't as secure as promised, nor will it be as cheap as promised long term.
Then there's the lack of any real control when it comes to outages. If the outage is just your system, fine, you'll probably get great service, BUT, what a LOT of businesses on AWS, Azure, et al are finding is, if there's a wide spread problem affecting many customers, unless they're one of the larger customers, or they happen to have systems being hosted on the same equipment as a larger customer, they're much lower on priority list and I've had cloud customers wait DAYS for systems to come on line.
At best, I think the 'normalized' scenario will be businesses that can go cloud will end up only putting non-critical systems on the cloud, anything critical will still be maintained internally.
Then again as we all already know, not every business can go cloud with their data. Premises will NEVER go away completely, it will have to remain a large part of any business model.
7qrw+1ciKBbV0, proper spelling is “vise”.
Is the cloud really a fad? Blockbuster was a booming business once.
Let's review facts:
- TD has long wanted to be seen as a cloud business - makes sense that's the current fad for executives, trading hard costs of equipment, brick and mortar, and people to maintain it all for the supposed lower costs of licensing virtual space. We'll see how that works long term. Personally I see it the equivalent of putting your cajones in a vice, then paying someone else to take care of that vice, praying that they don't decide to start charging you more, or start turning the vice. We'll see... we'll see.
- They'd been trying to figure out how to take their 50billion dollar premises business and move it over to the cloud, TD wants to save the expense of maintaining a small army of highly trained people to maintain the premises systems, difficult as about 25% of what their techs do appears to be highly specialized and require proprietary knowledge, something you wouldn't just let anyone know.
- After nearly a half dozen CEO's, they get one that used to work from IBM. A person who stated in an article that while at IBM, he always lost to TD when it came to big data deals.
- Very quickly after that, TD decides to turn over the care and feeding of the 50 billion dollar premises business over to an actual competitor, IBM. Gee, what a coincidence
Note: To my knowledge IBM is floundering in big data, not able to deliver on the promises made.
- I'm guessing that because the field people in IBM and TD have initials that start with the same two letters (IBM SSR vs. TD SSE), they thought that IBM and TD field agents were doing the exact same job. Oh how wrong they were. Comparing IBM field techs to TD field techs is like comparing Plumber's Assistants to Rocket Scientists. IBM has to be led, step-by-step through everything (and even then reportedly still managing to mess things up more often then not), verses the TD field agent's showing up, getting the job done, and even proactively finding other opportunities to improve/repair customer's systems to maintain 'beyond optimal' performance states of their equipment.
- I'm told that there is a lot of what the TD SSE's were doing in the past that has now been pushed to customer managers, and TD's remote support groups and TD's change groups. It was such a large amount of work that according to my source, TD is now missing SLA's at a tremendous rate, especially for those customers where the TD SSE's have been completely removed from the scene.
- I have to guess that the reasons for this were intentional and that it's equivalent of business 'passive aggressive' encouragement to get their premises customers to move to cloud.
- I also have to guess, and I think many of you have already done so, the only reason to turn over 50 billion dollars of business over to the care and feeding of your competitor is because you expect that competitor to NOT be competition soon. Are we seeing the first steps in merger/take over with IBM?
Can’t wait for NC to present the new strategy again. His talk at the sales kickoff was the worst I’ve heard in my 20 years sales career. How many VPs has the guys hired from McKinsey? “The strategy is what it is until it’s not” was so inspiring. So condescending. Sits in the irony tower and tells us how to sell. He would not know a customer from a puppy.
Does anyone know what happened to the HR VP lady who VL hired in 2017? She did not last long. After that HR was passed over to LN and after that there was no return to sanity.
@1tdc+1ciKBbV0, please explain, I may be uninformed but my reasoning is this: if the current ELT manage to justify their results in a publicly owned company -which still has a board who is supposed to care mostly about the share price, which means that what looks to us as a terrible inefficiency at the top still somehow survives, despite what common sense would dictate in a competitive world, then they may be able to pull the same stunt if we became owned by private equity. We're either all missing some blindingly obvious fact or the rules of decision making are not rational, but either way - how is private equity going to change that? Genuinely puzzled.
The EVP HR is actually EVP of Diversity. She doesn't care about employee morale, only that employees look like they came from a United Colors of Benetton ad.
They have created a culture of meekness, conformity, and wokeness. Most of the people left are mediocre or poor performers who kiss up and say what their boss wants to hear. They can’t get a job anywhere else. The last smart ones are so frustrated right now they will leave soon. The “strategy” team is a joke and everybody knows it.
Agree on the ELT lining their own pockets. Look at the $ paid to VL, OR, MC, RP, ET, SB, SZ, and the current ELT. Most are paid to leave. Take all that wasted executive $ and we could have avoided the RIFs every year. They should all get paid on revenue growth period! Somebody please buy this mess. Private Equity will clean out the bloated ELT immediately and nobody will even notice they are gone.
There must be some more stray cats to look after - they can take up a lot of time and effort, not to mention the stress when they get into your knitting wool.
The ELT and the board only care about lining their pockets. Just look at the stick bonus everyone in the ELT gets when they sign on. They stay long enough to cash out and move on. They do not care about any of the employees that enabled them to receive the stock bonus to begin with. Is there even any real talent left at Teradata? Anyone with skills can easily find another job right now given the demand for employees. Anyone that stays at Teradata must not have much to offer another company.
The strategy is Cloud-First haven’t you heard SM present? How long has Snowflake been Cloud-First? I wonder if they brought in McKinsey to help them figure their strategy out???
Go Cloud young man/ woman/thing - go Cloud.
Check in with Charlie to get the full picture.