I heard the Vic is coming to Dayton for a big all hands meeting for all employees. Is this the beginning of the end for Dayton???
4 replies (most recent on top)
Why not just allow the Dayton employees to work remotely?
400 Dayton Employees being laid off today!-
Teradata to move HQ from Dayton to San Diego
https://www.bizjournals.com/dayton/news/2018/06/06/teradata-to-move-hq-from-dayton-to-san-diego.html
Nine years after NCR Corp. departed the Dayton region, one of its spin-off companies will now do the same. Miami Township-based Teradata Corp. is moving its headquarters to San Diego.
The decision to close its Dayton operations will cost the Miami Valley another publicly traded company, as well as result in likely job loss and empty real estate.
Yet the loss carries even more weight as Teradata — a data analytics company — is among the top-paying publicly traded companies in Ohio with median worker pay of $69,402. Teradata has 400 Dayton-area employees, so losing earners like that will impact the housing market as well as donations to nonprofits.
Teradata will consolidate its Dayton location to San Diego by the end of 2018. The plan is intended to better align the company’s skills and resources to effectively pursue opportunities in the marketplace, Teradata said in a filing with the U.S. Securities and Exchange Commission. As the company evaluated its footprint and identified ways to make its decision-making, systems and processes more efficient, it determined closing its Dayton office and locating its headquarters in San Diego better positions Teradata for the long-term.
The company expects the costs relating to this consolidation plan will include one-time employee separation benefits, transition support and other exit-related costs.
“First and foremost, our thoughts go out to the employees who will be negatively impacted by this,” said Jeff Hoagland, president and CEO of the Dayton Development Coalition. “These are Daytonians who live, work and play here.”
Hoagland said there are plenty of local companies seeking talented workers, and those Teradata employees who remain in the region may be great fits for them.
And while there is disappointment, the community has seen companies exit in the past including NCR Corp. and the closure of the GM Truck Plant. However, both of those have positive endings as Fuyao Glass America backfilled the GM space and the University of Dayton took over the NCR space and has since brought Emerson and General Electric to the site.
“It’s disappointing, but it’s a business decision at the end of the day.” Hoagland said. “The most important part is, the Dayton community is resilient.”
While Teradata is based in Miami Township’s Austin Landing development, the majority of its employees are located outside the Dayton region. Teradata operates 112 facilities in 44 countries.
Teradata’s roots date back to 1976 from research at the California Institute of Technology. In 1979, the company — named for the ability to manage terabytes of data — was incorporated.
The company was later owned by NCR Corp., but was spun off as an independent entity in 2007.
Shortly thereafter, NCR moved its headquarters and 1,300 jobs to Atlanta in 2009 after 125 years in Dayton.
Teradata posted revenue of $2.2 billion in 2017, down from $2.3 billion the previous year. The company saw a loss of $67 million last year, compared to profit of $125 million in 2016.
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12799460&RcvdDate=6/6/2018&CoName=TERADATA%20CORP%20/DE/&FormType=8-K&View=html
Location All Hands scheduled Wed morning in San Diego, as well.
Sounds like a bigger change.