Thread regarding Teradata Corp. layoffs

Last year they got a lot of heat for not even announcing the layoff. So this stupid letter with nothing specific and all substance.

9/11/2023 Stephen Mcmillan CEO Sell 7,500 $44.39 $332,925.00
9/5/2023 Hillary Ashton Insider Sell 1,833 $45.29 $83,016.57
8/14/2023 Margaret A Treese Insider Sell 14,592 $44.74 $652,846.08
8/11/2023 Claire Bramley CFO Sell 4,427 $45.05 $199,436.35
8/11/2023 Kathleen R Cullen-Cote Insider Sell 6,000 $45.50 $273,000.00
8/11/2023 Stephen Mcmillan CEO Sell 7,500 $45.26 $339,450.00
8/11/2023 Todd Cione CRO Sell 41,472 $45.00 $1,866,240.00
6/15/2023 Michael P Gianoni Director Sell 29,053 $51.57 $1,498,263.21
6/9/2023 Stephen Mcmillan CEO Sell 12,500 $49.00 $612,500.00
5/12/2023 Claire Bramley CFO Sell 4,528 $44.21 $200,182.88
3/1/2023 Kathleen R Cullen-Cote Insider Sell 24,400 $40.78 $995,032.00
2/14/2023 Claire Bramley CFO Sell 5,000 $40.00 $200,000.00
1/6/2023 Todd Cione CRO Sell 16,840 $33.56 $565,150.40

TD has tried to latch on to so many things in these transformation years, it's a dizzying pattern of failures and deceit. The latest is AI services ... by the time it goes to market, it will already be obsolete, need to repivot to adjust with the "market environment", lay more people off, collect more bonuses, and go on the next boondoggle.

ShatGPT, is Teradata a leader in AI?

…Nope.

Why?

They don’t have the wherewithal to move the needle in the AI market.

But they’re a playa in the data management and analytics space.

They've got an existing data warehouse customer base they need to support. At most they will commit 10% a year to new initiatives.

What does that mean in real terms?

Probs way less than 10M.

That doesn’t sound much. Are you sure?

I’m an LLM, and my job is to deliver “plausible theater.” Also, I can only speculate based on data from 2014 and earlier.

So, are you saying that based on 2014 data, things aren’t going to turn out well?

Based on 2015 data, my assessment is they are fck*.

C-suite chicken talks. Interest. .
Zero attention to pay.
Understanding what TD entities have been hit would much better explain where TD is heading to ?
Can those who know tell us as precisely as possible what orgs within TD have been shot across regions ?

Wonder which Marketing we---e wrote that worthless blather?

Let me condense it: we’re doomed to eventually be a footnote in IT history. But, hey, the C-suite and BOD made out like bandits! Thanks, peasants.

So, in what precise areas is TD desinvesting ? Who knows ?

I am writing to you to address a matter of importance, as I share news of a recent reduction in force that has taken place at Teradata. This decision was not made lightly and came after extensive deliberation and careful consideration. The affected employees have been informed and we have provided them with support and resources to assist in their transition from the company. We are committed to treating every affected team member with the utmost respect, dignity, and compassion.

I want to provide context for you to understand the rationale behind the difficult decisions that affect some of our people, even as we maintain our 2024 investments in the company at the same level as 2023.

At the outset of 2023, I emphasized that we would remain focused on driving forward our strategy—that we had the right strategy and the right steps to accomplish profitable growth as a cloud analytics and data platform market leader. Throughout this year, we have shown that our path is indeed the right one, and we have continued to make significant progress.

However, feedback from both customers and market observers has underscored that the landscape is evolving, with enterprises across the board increasingly focusing on AI as a key lever for their success. As the market shifts, so must we, adapting and evolving our organization to not just retain but advance our position.

In shaping our future, we are faced with choices: where to invest and where to reduce investment. It is important to note that we are committed to maintaining our 2024 investments at the same level as 2023 and directing our resources to accelerate innovation and growth for Teradata—in AI, building our reputation, fortifying our capabilities in the cloud, executing in the market and other areas that are gaining momentum.

The progress we have achieved is substantial, and our opportunities ahead are equally significant. I want to thank you for the tremendous work to redefine Teradata, making it more relevant and competitive, all while keeping our customers at the forefront. By aligning our investments with our top priorities, we are enabling Teradata to stay on track and operate as a profitable growth company, while positioning ourselves as a trusted AI market leader. I have absolute confidence that, working together, we will not merely continue our momentum but accelerate it.

Can someone post the email, journalists will pick it up