What's people thoughts? Iam surprised no changes in personal, however a few wings look to have been clipped!
9 replies (most recent on top)
@bv Fact 1: TC's average tenure since MSFT is around 3 years or less. Rackspace 2 years 7 months, Oracle 1 year 7 months, Apple 3 years 7 months, Teradata 3 years 4 months... Is that when the actual results of his GTM vision are more visible? Decided for yourself. He's been at OT 2 years 7 months. His avg tenure is 3 yrs. Why?
Fact 2: Looks at Teradata - down 50% over 5 years deploying the same model. Appointed CRO December 2020 making $11M, gone April 2024, 3.3 years. Just enough time to run the same GTM around shift to cloud he is running now. The cracks started showing August 2023, stock down from $57 to $46 (20%+)... a year later in Aug 2024 down to $21... more than 50% of its valuation wiped out. His was CRO, that was on his watch. It took another 2 years to claw its way back up to $29 after he left.
Fact 3: Now at OT, he made $5.7M last year and on the path for $7.5M this year all in running the same play. Will it work? You be the judge. But that's the company GTM model... there's not another head of sales.
@aj Yes, definitely see this around Cione. Since MB hired Cione, sales has become its own mini company with TC creating it. His own sales enablement team, his own transformation team, his own salesops team, his own strategy team, his own pmo team, etc etc. It looks like Ayman is taking all the capabilities that serve the entire company back to the Enterprise and slotting Cione in as overseeing sales and sales only.
It's a good move.
@ab "Iceberg dead ahead!" :P
@a1 If not next week, we all know from experience that there will be additional WFRs in the not so distant future.
It's comical when one of these EVPs sends an email going on about how much they love working for OT; my first thought is, "of course you do, you're paid a fortune while the rest of us are told we can't even get a cost-of-living raise because the company cannot afford that."
@aj Shannon's reports are not above her
Oh there are a lot of WFRs that will be taking place this week and next. Marketing overall will be a sla-ghterhouse. Significant duplication of roles.
Also, huge message to Shannon, who is now reporting into someone who reports into someone who reports into Ayman. Wagstaff goes from having a large organization to leading no one. The teams he will have don't exist yet. This is an exit for Wagstaff.
No more president titles. The president of sales is now an EVP, and he lost a huge chunk of his organization with Emma moving and taking her team with her. This on top of TC losing the sales ops organization a few months ago. Since Ayman joined in April, a huge chunk of oversight removes from Cione.
Two of Shannon's current directs are promoted above her.
Big changes yet to come TBA in February.
What changed?
More deck-chair re-arranging. More suits promoting themselves. After that, is when they start removing valuable people with skills.
@OP people will be fired next week