Word on the street is that new CAO Scot Rogers summoned ALL VP+ roles from around the world to Possible LA this week. Everyone VP and above. Seriously? Why? Most of those people have zero to do with sales or customers. That's a TON of expense for a company that is underperforming at epic levels and laying off really good people every few months. Has anyone at the top even looked at the stock price recently? TD is being SO poorly managed. Why hasn't the Board fired Steve McMillan yet? He's clearly incapable of steering the ship around the giant iceberg directly in front of him.
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I'm guessing this whole topic is a "nothing burger" since no company-rah-rah person has posted anything meaningful (new logos, new business/customers, high number of customer attendees, SM's great leadership, etc) about the event.
@n8 No way this is not AI-generated. The last 2 sentences are in a different tone of voice. I’m calling BS
I'm just glad I got out when I did two years ago, before things really started to fall apart. Wish my stock wasn't so upside down. And I feel bad for the good people still there. I can't believe the Board hasn't made a significant change yet. How much worse does it have to get?
Teradata announces "Autonomous Customer Intelligence" during the timeframe of Possible. So where are the reference customers? In its heyday, Teradata would have multiple customers "on" a new feature and willing to talk about before the news was published. Just another sign that there is NO new growth and NO new logos to talk about - it's all upgrades/conversions (moving the checkers around.
@n8 Is this satire? Dang, you drank the kool-aid for sure.
You left out the part where SM and leadership put their significant large accounts with big on-prem footprints at risk with their cloud first/only strategy.
Oops...we're not ready to support your existing workloads in the cloud so hmmm..on-prem hybrid is cool again.
Smoke and mirrors.
Zero understanding of what long time "legacy" Teradata customers relied on Teradata to deliver.
Those workloads and use cases don't just go away.
Let’s have an update on I’m-Possible. How many attendees? How many customers? What level of customer? Any product announcements?
@vv which is what’s happening… the erosion is ongoing and sizeable, far above industry standards and ELT doesn’t know how to put a lid on it.
@s6 where did you get this data that 80% of customers moved off ? Do you even know what our current customer base is ? Do you know the number of customers moving to cloud on Teradata ? It’s going to be a world with multiple analytic engines with common data wherever possible and TD has the potential to win if it does some things correctly, if not, then we can see every customer moving off / simply not renewing their contracts.
Since the POSSIBLE event has concluded ... what actually happened?? Did the all-VPs meeting(s) occur?
@n8 done nothing past year. sm is doing all these fine work, you and I do not have to work. Just wait for our turn.
@n8 Wow, it should be really easy to sell this, then! So why have 80% of Teradata's customers moved off, including most of the largest accounts? Could it be that it doesn't actually work? Or maybe it just isn't price competitive? Or maybe no one wants to deal with a company that's treated them so badly? Wait, I see it now! They've hit the trifecta!
@n8 some products… if TD loses 10-15% of ARR for the past 3 years…
@n8
Kiss kiss kiss buddy
@n8 you must be dreaming. Tell me one new logo that we acquired because of Stemma. Also, whats the head of Stemma doing now in TD?
@n8 I’m not on the payroll, buddy. I left the collapsing castle of TD a few years ago because it was full of id--ts who were protecting their paychecks. And if you think TD is “cloud-first” and an “AI company,” you’re one of the id--ts.
@hr Under Steve McMillan’s leadership, Teradata has rolled out and expanded key products like VantageCloud, the company’s flagship cloud analytics platform, and ClearScape Analytics, which brings built-in AI and machine learning to enterprise data. He’s also pushed innovations like Enterprise Feature Store and Vector Store to support generative AI, and oversaw the acquisition of Stemma to strengthen Teradata’s data catalog and governance capabilities. Altogether, he’s steered Teradata from a legacy database vendor to a modern, cloud-first data and AI company. What have you done in the last year buddy? These are all things that are keeping people on payroll
Teradata is a database company. At least it had been for decades. When was the last major release? Has R&D reshuffled its remaining resources towards AI presumably at the expense of the database? It must be difficult to be a Teradata customer watching from the sidelines as Databricks, Snowflake et al advance and increase market share and mindshare.
Name the “active change to the products” that SM is “driving to the market.”
This should be good.
It's really telling what the ELT is thinking when they spend $$ on the winner's circle in Rome (despite no new logos) or fly all in all these VP's to Possible given their financial challenges and dismal outlook...some of pics I saw of the event was just sad compared to 10-12 years ago when the event was exciting and products were compelling and most customers would send several staff...this year very small conference ballrooms that mainly had Teradata employees and only a few customers...not sure if it's more comical or just plain sad...
@ds wait, Teradata had a marketing department?
@bx LMAO! Top100 Mouth-breathers
Imagine the media that would be generated if the board just fired all of ELT and Senior Leaders in the same meeting. Admitting that its time to start over with 100% new.
If this is the play gut HR as well and hire all new in San Diego. They hired all the leaders that drove Teradata into the dirt.
Teradata VP role is like banks - low/mid level mgrs with no qualifications. My guess is they needed some props at the convention. But yes, it would have been cheaper and probably more effective to just hire some booth babes from the local area.
Even SM knows our products are garbage. That’s why he decimated the marketing department. No use spending money putting more lipstick on a pig.
You tell everyone to get back to work, yet have time to comment yourself. Maybe if you got back to work, Teradata would be doing better.
Hopefully the plan is to get all the VPs and executive leadership in one room, then fire them all. Would be the best strategy for the company and the only hope of survival.
In previous years it was called the "Top 100" meeting so it's nothing new (besides there aren't 100 left anymore).
Im-possible is being treated as a staff meeting now.
Just waiting for November. Q3 will tell how much “active change” is going on.
It looks like Pete Hegseth did in Sep! It will make teradata great again!
possible is like a farewell event for many. knowing that they won't be around in a years time. Say your farewells and count on one hand how many customers are actually attending possible.
You're comical buddy, SM is still driving active change to the products we're driving to the market. Flying out VPs to an event where customers are and getting our top brass on the ground is a very good thing. I don't understand what you think they should be doing otherwise they go above and beyond every day. Unlike yourself who really should put down their iPad and get back to work
TD investors are asleep at the wheel.
People have been saying this for over 10 years. At this point its just comical that actions haven't been taken by the board.