Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

“The synergy work is not complete...”

They target is now $1.2B. They are going to cut, cut, cut. And by so doing, lose any hint of the vison/people they need to become the best fintech on the planet. You can’t spreadsheet filter your way to client success and wellness. You have to think... — read more 

#notmyfiserv

So many questions run thru my mind when I think of those 4,000 laid off. What is the benefit of losing teams of people with years and years of experience? Those people cannot be replaced easily, especially in these times. Those left behind are... — read more 

But Jeff

But Jeff, why did you have to wreck this company? "Because it's wreck-able, all right?"

FB’s LinkedIn page

Aside from the fact that he feels he needs one (obviously written by a professional writer) it says nothing about Fiserv in it. You’d think given his ridiculous contract that a year later he’d update his profile. What’s wrong, Frankie...ashamed to... — read more 

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| 2440 views | | 8 replies (last May 8, 2020)
Post ID: @OP+14N3G4tj

Preparing for sale

Given franks history and the desire of the top executives to cash out, it’s pretty clear the company is being prepared for sale. The actions in the last year line up exactly with what one does to accomplish that starting with massive staff reduction... — read more 

Hillsboro IT

Good news that the walking ego in Hillsboro's IT department is on his way out as a result of the covid slow down. That stuff pretty much runs itself anyway so it's no great loss. When things go back to normal, if this is true, Development can get... — read more 

More Location Changes

If you don't live within 30 miles of a "Fiserv" location when the company does decide to let associates go back to the office they will let those associates go. Nevermind they are forcing Alpharetta based associates to now report to Marietta when the... — read more 

Is this true?

"Does Fiserv have 4000 contractors. I know for a fact all contract positions are eliminated effective tomorrow/ 4/30. My understanding is that there will be more layoff of full time staff every month." I'm asking about contractors - what are the... — read more 

April RIF's

I hear Over 4k RIF's coming tomorrow across Fiserv

Make this work for you

Instead of getting upset with the behaviors of these leaders (which are poor) do something to change this to your advantage. The stock will be a good investment for 3 years (no longer) as Jeff and frank have hundreds of millions of dollars at risk. ... — read more 

JY

Jeff's thinking in 2017- "Hmm, I need someone to gut this company. Who can I get?" "Ah, word on the street is FB is the best in the biz at gutting"

Salt Lake City Closing

Salt Lake City offices will be closing. Announcements should be coming within the next 2 weeks.

Dublin office closure

Seems the Dublin office closure announcement becomes reality next week. The final end to the checkfree legacy

Burning furniture

Tommy Boys big joke when Fiserv bought FD was that they were burning furniture to stay warm. Meaning that debt was causing them to cut costs so deeply it was a major burden to operations. Well who’s burning furniture now? Is it possible to right... — read more 

"Acquisition"

Merger? Acquisition? A little over a year later and we now know that this was neither. This was an overthrow, this was a coup

Actions prior to May

Any rumblings on reductions prior to the earnings announcement. Fiserv is going to need to make a big splash

Arizona

Why was one side of the building sent home? Did someone get sick?

Agile coaches

Is there still an investment in agile “coaches”? Literally millions of dollars of shareholder money has been spent leading to budget overruns and the firing of long term associates to cover the gap. Ask about it in your next town hall. And ask why... — read more 

Book? uh-huh

Jeff is going to have a book written about him alright. It's going to be called "The man who destroyed Fiserv"

CLARITY

Another loathsome time waster is clarity. Anyone else having to do this task brought over by OFD?

Earnings call

Will the earnings call impact layoffs? Meaning do they wait until after to take action to hide those numbers?

A small note:

As you're being laid off from Fiserv, be certain to double-check and read all of the paperwork thoroughly! They will try to screw you over on your way out, especially by forcing you to shift to arbitration-only and to promise not to sue them for any... — read more 

Covid-19 All Hands

Anyone else feel like these weekly Covid-19 All Hands from leadership mirror the daily WH "Press Briefings"? All propaganda and failure to really answer the questions around layoffs and general direction. There's no real sense of comfort to the... — read more 

Proxy Vote

FB And JY will have a negative vote from me, not sure if they can search using my control number and retaliate by terminating..

Salary

Jeff’’s 2019 salary was $27 million. Thanks for the lay-off jackass

Revenue guidance

Jeff is likely regretting upping the revenue guidance alongside the synergy numbers. Synergy will be hit easily by the New York gang. Revenue is going to be a problem Which can only mean more cuts to compensate From the beach and boats in... — read more 

Paid

https://www.usatoday.com/story/money/2018/12/21/highest-paid-ceos-2018/38756663/ 2018, a year before the merger

Layoffs on 4/1

This board said more layoffs occurred on 4/1. Any info on what business units? Was electronic payment affected?

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