---
schema_version: "secwatch.filing_event.v1"
accession: "0000816761-24-000143"
form_type: "8-K"
ticker: "TDC"
cik: "0000816761"
company_name: "TERADATA CORP /DE/"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:18:06.224516+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Teradata to cut ~9-10% of workforce, expects $75-80M annual savings; Q2 results released

## Summary
- Restructuring includes workforce reduction of ~9-10%, majority completed by end of 2024, remaining by end of 2025.
- Expected ongoing annualized cost savings of $75-80 million, primarily from operating expense reductions.
- Restructuring charges estimated at $20-25 million; cash expenditures $45-50 million, with most in 2024.
- Company also issued Q2 FY2024 earnings results and Q3/full-year 2024 outlook in a separate press release.
- Portion of savings to be reinvested into revenue-generating growth areas starting in 2025.

## SEC filing metadata
- accession: 0000816761-24-000143
- form_type: 8-K
- ticker: TDC
- cik: 0000816761
- company_name: TERADATA CORP /DE/
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/816761/000081676124000143/0000816761-24-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/816761/000081676124000143/tdc-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000816761-24-000143
- JSON: https://secwatch.observer/filing/0000816761-24-000143.json
- Plain text: https://secwatch.observer/filing/0000816761-24-000143.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.