Confirmed...it's coming sometime in September/October
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Classic MBA case study:
C suite loads up on stock grants and options
Manipulates Balance sheet to make the company an attractive takeover target
M&A at inflated share price
C level cashes out their payday
Hang on, or should I say Get out.
Week of 9/7 is shake up week and all of the empire builders are shuffling to justify their domains.
Any idea what departments or when we'll know if we're in the clear?
Notifications - in September, action - as soon as statutory possible. Names - for the most part - have been defined.
Today DS new dude 2 confirmed what new dude 1 CEO said in his all hands. The question is how many and when.
Considering the new CEO straight up said there are “reductions” coming in his all hands it’s a bit odd to me that some folks in this forum seem to be implying that people are just guessing?
Shorts posting c-rap and the Clouds rumble in fear...blah blah....they lose on the put and SF is tappin
IC and its insane layers upon layers of L1/L2 incapable “consultants” needs to be disbanded. This is an empire of human automation in India constructed over the last few years. No warn notice required. Jettison the whole thing and let the rest of the workforce breath again by eliminating feedback loops in the PD/CS organizations.
Don't expect to see a warn notice. A company of Teradta's size can layoff up to 499 employees with no warn notice. Teradata has been employing this tactic for the last 4 years. Perhaps management is thinking that by flying under the radar, the street will not realize that margins are as bad as they are.
No way in September; the company doesn't move that fast. I don't believe names have been identified yet. Has to be October.
The question is, what is the package? What was it last time?
Yup, no WARN...but word is a few Cloudies will be posting WARNS by EOY....watch all the Nostradomuses come from the dark holes of abyss now....
More BOGUS lipservice....while SF bleeds green....
I am so glad I didn't believe their Analytics Platform story and move to SD. Happy to have left and currently working and earning a lot more than I ever did at TDC. It seems like as they consolidated in SD they only hired the worst management. Lot of ineffective guys from other companies and paid them so much more to deliver nothing.
And the ‘shiny objects’ push.
Suspect it’s a bit late now
I’m so glad that I left when I did. The management team are clueless. Do they really think that any company is taking notice of these adverts I’m seeing on LinkedIn about dispelling the myth. The truth is the management team are slowly marching the company to its death.
never mind, now I see the website does this automatically for the word c-sinos. strange.
when did c-sinos become a bad word? "c-sinos"? Or am I missing something?
Does anyone know what count are we looking at? Many airlines, c-sinos & retail US projects are already negotiating. Teradata will now have to negotiate to stay in business with these customers.
The issue is there are not many jobs out there to switch. I am worried so are many of my colleagues.
"Confirmed...it's coming sometime in September/October"
Couldn't you basically say that just about every year with more than a 50% chance of being correct?
Source?
Hiring like crazy? What department?
Might be a blessing in disguise... while a few pennies left to pay severance packages...
Good for you. So are there any more specifics on the upcoming layoffs?
Meanwhile my area is hiring like crazy. Just this week we hired 5 ex SF staff who had been let go. They're bleeding cash and now dropping staff like flies and my team is happy to pick up the good ones. We will hire another 30-50 by the end of the year.
The first floor renovation is a refresh of the Executive Briefing Center. Nothing inherently wrong, it simply was due for a refresh.
Any more info would be greatly appreciated. Which parts of the org?
Don’t say you weren’t warned over a year ago.
Which organizations will be affected? Engineering? CS? PS?
The funny thing is Teradata is renovating the first floor. Looks like it’s been since April or so and is ongoing. They have no problem pissing away money on that stuff.
No need to confirm. Revenues have been declining since 2015, when the economy was booming. In 2015, net income was -214 mil. and - 67 mil. in 2017. In 2018 and 2016, net income was barely above 0. Imagine how much worse net income would have been but for all of the prior layoffs. The trend speaks louder than any management announcement. VL = SM = sinking revenues = massive layoffs. If SM had a growth plan, he would need the remaining employees whom he is about to layoff.