Can't be the entire org because there were only about 45 PS people on the call, but we've all been given the unique opportunity to accept an offer with a partnering entity (or decline the offer for "voluntary separation"). Considering there are ~80 consultants reporting up that particular chain, and factoring in early retirement, I'd say TD Americas is out of the delivery business.
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Having to listen to consistently cringe worthy statements from AT on monthly calls was reason enough to leave TD, happy to be out
"TD Americas is out of the delivery business" - ROFL. TD Americas Consulting Services has been out of the consulting business for years - it was primarily piece work to existing customers primarily because TD Americas CS had a reputation of not being able to deliver. Hell, monkey boys like AT couldn't help sell consulting services if lives depended on it. Couple that with a CS management 'team' whose sole purpose was to get TD out of the consulting business and you end up with what happened to that organization earlier this week.
So, now you have a product company who has to rely on others to implement their product. All the smart people (old people) who had the knowledge & skills on how to do it have been whacked in previous retrenching events leaving a handful of folks with some latent knowledge and zero skills who are now working for a different company, albeit a 'partner' of TD.
I'm now at my third employer since being whacked by TD and at each one when asked about the company/products my answer is always the same. 'It was great technology and they had a solid vision however there was a massive failure to execute. If you choose to go with TD today you will find very few skilled resources who can help make you successful. My advice is to choose a different tech stack.' All of them, including my current one, have listened to my advice.
Do yourselves a favour and get out while you can. The job market is starting to tighten up and one can feel the lockdowns and financial tightening commencing all over again. It's gong to be a cold winter...
This is like Cortez burning his ships after coming to the new world so his men can't go back.
Thank you for the clarification, HR.
Seems to me moving the employees to another firm was kinder than RIFFING them. Honestly - what company does that? What an ingenious idea! And the other company seems to be a good firm - 4.9 ratings on GLASSDOOR. Seems like more of a holiday gift than a bad thing. Whats the issue? If they want to leave - they can do it at their own speed (unlike when employees are RIFFED). If they like the place - they can stay. I mean does it get any better than that?
the choice of words here pretty wrong, nothing is offloaded, it was just transferred to another group.. the one that 'costs less'...
i accepted the offer, still worth it,
If Teradata had EVER had a reasonable approach to utilizing partners, this would be less of an issue. Instead of cultivating partners, they are hostile (undermining) towards any thought that someone else might be able to help. The "talk" is warm-and-fuzzy (ooooo we luv partners) but the reality is not.
"Think about how to deploy" there were a few dozen folks at Teradata that knew how to deploy and configure the product to work out of the box; many are gone now. Good luck.
What about more than 1500 employees in GDC centers?
Basically, find the best partners going forward. Time to think about how to deploy, not how to spend only your individual, although intelligent, energy on the account. This has been Teradata's fatal flaw. Thinking they can do this by themselves, especially the SEs.
This is kind of interesting. Reminds me of the WARN act, with Arthur Andersen employees who were terminated and rehired by Protivity, Bearing Point and many others. If someone is on a long term billable project , nothing is going to change for them, just benefits and who they get the paycheck from. For those being given that option and are not on a billable engagement, this is a short term "fix" buy extra time to find the next gig. But yeah, this is following the snowflake and AWS model, to have a scale down professional services, provide high-value low-touch consulting. Focus on architecture, best practices and solutioning, and leave the delivery and risk to delivery partners.
Is this some spin off to bring salaries down and maybe reacquire the entity later on?
leaky bucket challenge - i guess we didn't stop the leak