The 10% RIF will perhaps put TD on the right track to win back and shine again. Who really knows ?
RIF is a common strategy to get lighter and quicker while thinking and acting ? And often, it works well.
People who are invited to leave should not take it personnaly and loose self esteem. A short moment of disappointment could be understood but everyone who fulfilled consistently his duty at TD should look forward and move with confidence.
Change is often more an opportunity than a risk. There are so many things to do on Earth ! ! Real life is infinitely wider than Data Management and Analytics. Talented people would soon find another activity …unless the world is desperately depressed, which is not the case. Farewell, good luck boys, be bold !
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I don’t think so. I think it’s a marketing goober using AI.
Was the original post meant to be sarcasm or satire?
The ELT aren’t delusional; they are just lying.
RSUs are down by 40-50% for many to whom it was awarded so not a right time to sell off TDC unless its an emergency.
This is what results from following bad investment advice. Sell your RSUs the instant you get them and invest the proceeds in better, more diversified assets. You're already "committed" enough to the company by tying your professional development and primary source of income to them. You do not need to tie the rest of your financial outlook to them as well.
You're already taxed on the RSUs the moment you get them so staying in the investment just means you go down with the ship. Selling the instant you get is a proven, conservative strategy for dealing with RSUs that insures you will not lose your shirt in a down turn, and that gives you the opportunity to increase your portfolio's diversity with the proceeds.
Simply put, sell and sink into an index fund and you'll meet and sometimes exceed the performance of your RSUs. Same strategy works for ESPP that have look back windows take your 15+% profit, pay your tax, and be happy and care-free. Sell the instant the shares hit your account, and move that money into a better investment for your financial status.
For people who are carrying bad stocks, the best moment to sell those bad positions was a year ago or whatever when the price was up, and the second best time is today. You may even be able to use your losses to lower your AGI on your taxes.
I would agree with this message if the right (extraneous) products are shelved and right (bad) leaders are sent out, but unfortunately, it seems to be decided in a process that is not using right data. I was involved in such a discussion last week and I was shocked by the skill (or lack of it) of the person who was assessing which products to be cut down without considering what the market needs are, competitions' positions & offerings etc. Its hard to be laid off in the middle of an economy that's half way down the drain (Thanks Biden) and there are many folks who depend on a paycheck to meet their needs and run their family and it is not going to be easier for them to secure another one especially if they haven't had an opportunity to gain experience in "on-demand" areas in market. The stock has retrograded to where it was 5 years ago, RSUs are down by 40-50% for many to whom it was awarded so not a right time to sell off TDC unless its an emergency.
Someone taking the pi-s by using AI?…
This is probably the most ignorant post I’ve ever read on The Layoff.
Teradata is a dead company walking
What the he-l has the OP been smoking?
Looks like one of the summer interns that marketing use has been given a task to be on here. Don't worry, with a bit more experience in life they'll realize how badly we are run and that JW really isn't rhi rhi where she doesn't really shine bright like a diamond but more like a deer in the headlights.
I sincerely hope the OP is the first to go so they can enjoy the fruits of all that change.
What a mo--nic post.
Amazing. If you want to know who still beliefs the BS the ELT spews, look no further than the original poster. If the RIF strategy worked, TD would already be shining bright. Cutting staff with no vision and no viable products is why TD is losing market share and revenue. The boot li---r is clearly in marketing. This is what they do.
I could accept a message of change is good, Life brings so much more than TDC and paychecks come and go. But, what I have a huge problem with are the very people who make these decisions are making well over a $ million a year and/or managers with stock and bonuses beyond the paycheck the rest of us get. The very people who actually do the work get laid off while ELT, VP's and others cash out. I think the employees at Teradata should unite and force the board to RiF management. Start there own consulting company or find another job and ghost quit.....I know life isn't fair but nothing will equalize until individuals take charge
"People who are invited to leave ..."
Hey "invited to leave" person, you clearly have come from money and never worked a real job in your life with that cheerful Co-mie Rat propaganda! It must be nice to have all good things handed to you. Ever actually depend on a paycheck. No net to catch you when you get sacked? How about caring for family members that depend on your charity? Anything like that?
Here's a thought - stay off this board and instead, try spewing your philosophies at an unemployment office near you.
ELT are inept time for the board to make a move.
It seems some of the executive leadership has started posting on this website, asserting that the RIF will "put Teradata on the right track to win back and shine again." Dream on! This is another example of how delusional the ELT has become.
The decline of Teradata didn’t happen overnight; it’s been deteriorating over the past 10 years. Each change in executive leadership has failed to bring any positive impact. Instead, their lack of vision, execution ability, and sales acumen has dismantled Teradata piece by piece. What was once the leading data management product is now being replaced by customers as quickly as possible. Nobody wants to buy Teradata today.
Several factors have contributed to this downfall: poor leadership over the years, lack of vision, excessive ELT politics, promotion of incompetent and egotistical individuals, inability to transition the product to the cloud, and no clear roadmap for doing so. Additionally, most of the top talent has either left or been RIFed.