Should we assume our amazing engineering group has saved the company?
7 replies (most recent on top)
Q3 was a bloodbath. Some big customers have delayed or even cancelled their plans to migrate to cloud. We keep shedding staff to make the numbers look good. Eventually the house of cards will collapse and the ashes at the bottom of the pile will be picked over by the vultures
@cg And they keep "investing" in stock buyback to make it "look" good.
@a5 "Hockey stick growth" isnt possible under an ARR (subscription) licensing structure (which is how Teradata reports revenue). Deals are spread out over multiple years. This is done so investors know that a stock value can only go up (or down) a normalized amount which lowers risk.
Unfortunately for Teradata theres little to no new deals. Which is why they keep laying people off. On paper the layoffs make it look like Teradata is growing a little or staying the same. In reality there will come a day when headcount cant be used to do this any longer. I think Teradata is close. You can already see it in the stock price.
You honestly think things are 'likely to improve for Q3'?? Yeah, for Snowflake, Databricks, Oracle, etc...everybody in the AI space EXCEPT Teradata...what's improving? The food in the cafeteria?? The only thing that might be improving is the layoff process efficiency because they are getting so good at it...
Heard both arguments. Strong points and (un)intentional loopholes. People do not go to work to just another job, they want to be part of something bigger. Big idea today will be written off tomorrow, td is one example. Many td employees quiet-quit and waiting for forced retirement. A lot of burger flippers and cashiers raise a family, get a mortgage and deal with loss of job. Bank will work with you to delay payments, but will not wipe your debt. UI may help you for few months, not forever. "You are wrong, no You are" is not working any more.
There is a bigger problem in the job market, gettng worse. If you lost your job recently how is your search going? If you are looking to get out of td or yahoo, why do you think recruiters are ghosting these days? Share, help out. Are we going to get stuck here, forever?
You certainly do sound like you are in HR. Good for you! You clearly have the compassion, personality defects and lack of real-world experience to execute company directives to a tee. Remember, it will make it easier for you to sleep at night if you just keep saying, “I was just following orders”.
When I am layed off and can no longer afford to pay my mortgage, or feed my family I will recall your sage advice, and tell my bank manager that he needs to ‘take a breath’, and cut me some slack. When my kids want gifts for Christmas (that I can’t afford) they can revel in the fact that ‘at the end of the day’, their parent’s career at Teradata was ‘just a job’ - pesky money, who the heck needs it?
Your attitude is extremely disturbing, on many levels. Not least the idea that working at Teradata is ‘just a job’ - the vast majority of people actually take pride in their work, and have pride in working for Teradata - it’s not ‘just a job’, it’s a passion and a commitment - we are not flipping burgers at Wendy’s. I think your comments speak volumes and reflect the mendacious messaging we get out of this company.
I'm in HR so I know nerves can be rough after a layoff, I think what's important is to take a breath and realize that Teradata at the end of the day is just a job. That said things are likely to improve for Q3 there might be isolated layoffs in persistently underutilized business areas of the company. I would say keep your head up and don't worry too much there's signs of growth in some of the newer areas and our legacy customers are taking note. I have great respect for engineering but it isn't just them who will save the company it's everyone including the board, whom have made some interesting decisions but I think they've positioned us solidly for hockey stick growth.