The word is that it might be either in the late December or in early January and it will involve operations (finance, accounting, deal desk). Anyone heard the same?
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For the last 5 years, Teradata has leveraged multile layoffs to compensatefor declining revenue. Clearly, the trend speaks to future layoffs. The recent "cloud first" mantra by senior management coupled with the offloading of consulting services suggests a very different future for Teradata. If clients relied exclusively on cloud technology, there would be little need for in-house hardware or engineering staff. What Teradata would be left with are a hanfull to staff to continue with database optmization and staff to sell cloud services.
I hope that layoff is soon and I can get out of here! Can I volunteer?
In today's big data era, Teradata, which is built on traditional technology, has no competitiveness. However, the company cuts off other product lines and only keeps vantage for the market. It's really naive and stupid to try to force customers to buy the only high-value product through such a strategy.
Do you think Teradata is air? Without it, customers will die?
Even with the demise of Hadoop, do you think customers will think Teradata is the only choice?
Market competition is so cruel, so picky, only die first.
Teradata ELT is the worst in the country. It started with VL being appointed CEO and the spineless board which watched TD go down to toilet. Good technology companies change with changing times but with TD you have useless ELT which just collects paychecks. The best idea for the ELT is lay-off employees every quarter and make the balance sheet look good. For past five years they have done nothing but make the worst decisions and that and destroyed the company. Hardworking dedicated employees have lost jobs because of these id–ts and are going through hard times. I am not sure what the board is waiting for? I don't know how they could appoint VL as chairman when he created the whole problem for us. I have zero faith in their ability to turn this company around so start looking for a better job. The top in this company has no technical ability nor imagination to turn this company around. VL with his "think big" and other experiments have completely destroyed a good company. VL wanted to save his butt so he appointed another worst guy to run the company OR who didn't even have the basic skills of management to run a mom/pop shop. So when I look at Teradata it has been worst luck with the worst CEO's in the past 6 years. I wish someone had completely fired the entire board and taken over this company five years ago the jobs of the hard working engineers could have been saved. Now all we can do is pray to god...
There’s one thing you can count on from the Teradata ELT, layoffs in Q4, then again in the following Q1. Guaranteed.
So long as revenue continues to decline, there be a need to reduce operating expenses (people, offices etc). You just have to cut your cloth to fit.
It is sad, but it can be a slow painful death - but there is always hope
a) A sudden flurry of new customers and our existing ones wanting to stick with us. All yielding a revenue increase and a hiring surge, rather than drain.
b) Some M&A - more likely an 'A' to asset strip.
c) Attribution like NH, SB, DS et.al. manage to offset the need to go further down the organisation.
Phishing attempt of shorts
I imagine there will be continual layoffs going forward.
some of the finance people got let go last week in EMEA
Dreaming troll boy
Getting rid of finance/accounting people at the end of the year/quarter, come on troll. Accounting is already very small.