TD is not making money. Consolidating and reorganizing is not making money. Without good margins, the future is grim if there at all. This is not good. A successful company is expanding and hiring additional staff. That is not happening here at TD.
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Teradata makes money? Thought we're just milking the cow here
The layoffs will continue until morale improves.
Looked at most NASDAQ listed companies lately? A lot lose money faster than they can make it. Let's revisit those companies in 10-15 years time and see how they are managing margins. Let me guess, they'll be getting rid of staff left right and centre as it's the easiest solution. It's not just a TD issue but it's what is taught in business schools.
Layoffs will continue, and the stock price will stagnate because; TDC has no innovation, no clear roadmap, no innovation/product leader HA, DS is not getting the job done. We have a broken sales channel. Chappers and his McK cronies are out of control. KCC spends too much time virtue signaling and is he-l-bent on turning TDC, Inc into Woke, Inc. We have poor cloud margins, big churn problems that TC, MH, and McK can’t fix.
I know I am not the only one who has lost faith in the ELT as there seems little hope of a coherent strategy or vision. The good news is the job market is hot.
Layoffs will continue until profitability improves. Strategy is cut their way to success.
What? You mean VL's "lay off strategy" he kick started as Interim CEO after OR and the existing ELT has adopted....isn't...working?
Tried McKinsey, then Bain, then McKinsey again and now maybe suggest Boston could be more comprehensive.
The issue isn’t with consultants, quadrants and matrices. It’s a much simpler problem, with much bigger consequences for thousands of people.
Anyone who's not retiring soon should get out asap. There is no transformation
Hang on - Snowflake had a vision, a north star. An upcoming organization with ambition, direction, leadership. (Think of Amazon, Tesla, Apple - they all had vision)
Teradata has a "keep your head above water", "cook the books", "sweat it out" - mentality.
I'd rather bet on a company with an ambitious strategic vision, rather than one that wants to milk the "cash cow" till it is dead..
NC - some business 101 - take a look at the BCG Growth Matrix, so simple I think you are your McK friends might figure it out. You are missing one of the quadrants