I am a bit confused. Stock price stands firmly above levels from some time ago, thus maybe SM is turning the tides and the growth is there. Layoffs maybe just a sign of putting cloud-optimized org in place and chopping the deadwood. However, I just do not see and customer stories, no new references. Is anyone buying or it is just financial engineering with contract types?
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If you haven't had a chance, please watch the sko keynotes - especially Steve's, Todd's, and Hillary's. In all of those sessions, there are multiple customer stories and references from industry recognized modern companies, as well as many new customer logos.
There is a lot of hard work needed to continue moving us to our rightful place - from R&D, to Marketing, to Sales - but that work is in motion, and we are starting to see the fruits of our labor.
This site is full of haters - and haters gonna hate - but for anybody who is truly curious, the green shoots are abundant.
And the timing of the RIF allows deferral of significant severance costs for senior people from Q4 to Q5 (sorry, Q1).
Layoffs are to somewhat mitigate the bust and the overall trend as well. It’s been a strategy for a few years since revenue started to underperform. One doesn’t have to be an MBA to realise this strategy is, indeed, financial engineering and can only go so far/so long. Layoffs are the best sign of TD senior management expectations.
As an outsider viewing back in I've heard significant interest from analysts as they are looking now in the current economic climate for value organisations. Looking at the markets over the past few weeks, it's obvious the companies that forever make a loss are getting downgraded big time. So I think it was only a matter of time before we saw investments come back to those companies that have strong streams of revenue and customer's locked in for the longer term. This all points to a positive direction for TDC and the small parcel of shares I have retained in the company
Bust 100%
deals slipped to Q5, sorry