Key facts
- Teradata is halting employee raises for 5,000 staff.
- Funds for raises will be reallocated to AI investments.
- CEO Steve McMillan stated the decision aims to 'win in the market with AI'.
Software company Teradata has decided to forgo employee raises for the current year, reallocating those funds towards investments in artificial intelligence. CEO Steve McMillan communicated this decision, emphasizing that the move is strategic and driven by a desire for the company to 'win in the market with AI.' This policy affects all 5,000 employees of the company. The company is prioritizing AI development and integration to stay competitive in the rapidly evolving technology landscape. CEO Steve McMillan told staff that the company's primary goal for 2026 is to strengthen its position in the rapidly evolving AI market.