Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

Nothing but epic mess

Wish I could do all "Not Agree" or "Strongly Disagree" on annual survey. There is no motivation to continue with this firm - it is not integration but dis-integration of original firm.

Expect a lot more reductions

Lets bee honest here - there is a lot of duplication now that both companies have combined. The first to go should always be at the top. Both companies are majorly top heavy. Way too many directors and Vice Presidents that are not necessary. Then the... — read more 

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| 1390 views | | 2 replies (last November 8, 2019)
Post ID: @OP+11Vqk40d

FDMS

I was employed by FDMS some years ago. I worked in HR in the Hagerstown office. I witnessed some of the most unethical, immoral, and illegal practices that I have ever seen. Although I refused to perform any of these ridiculous acts, I was asked not... — read more 

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| 1720 views | | 4 replies (last January 4, 2020)
Post ID: @OP+11VnXAjI

Will earnings accelerate layoffs?

Earnings will be announced in a few hours. My suspicion is that JY wants to announce better than expected results for the merger cost reductions, and will say that they're ahead of schedule. FB is in charge of this so guess what, more Fiserv... — read more 

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| 1483 views | | 3 replies (last November 7, 2019)
Post ID: @OP+11TL8No0

Gmail Blocked

Anyone notice gmail is a blocked website now?

USA vs the world

Does Fiserv have more employees in the USA or vs global? Just curious question, nothing against anyone outside USA.

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| 970 views | | 3 replies (last November 5, 2019)
Post ID: @OP+11PEcwU4

Regarding Remote positions

When KKR brought Frank Bisignano in as the CEO for First Data, the first reduction in force was the elimination of remote employees. If they were close to an office they had to go in. If they were not located close to an office they had to transfer... — read more 

They are gutting the place

Laid off on Wednesday. Decent severance package. I’ve noting they are not making anyone permanent where I work but they are keeping people on stretches. Essentially, paying them less to do a higher position. I have a feeling they will be cut too.

Major layoffs are just a matter of time

I think it is a good assumption that there will be many layoffs especially when it comes to card services. There is a lot of redundancy in that business unit since the Fiserv card service product (a FD product) was primarily used Internationally by... — read more 

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| 1910 views | | 5 replies (last October 22, 2019)
Post ID: @OP+11xHTtKa

Will this ever stop?

It seems like we find out about more cuts at Fiserv on a weekly (if not even daily) basis. When will it be enough?

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| 1440 views | | 3 replies (last October 14, 2019)
Post ID: @OP+11w5CpUw

Chicago Layoffs

6 abt two weeks ago then 5 yesterday 10/9. More to come. My many many years in financial services/operations has told me that these kinds of jobs don’t last nowadays.

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| 884 views | | 1 reply (October 10, 2019)
Post ID: @OP+11sHE2zL

Fiserv 2019-2020 Lay-off Info Thread

Please use this thread to post anything you know about what’s happening after the Fiserv/FD merger. Even if you’re venting, this too is fine. As of 9/26, approx 200 ppl have been laidoff in total. In ETG alone, it is rumored they are trying to... — read more 

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| 18380 views | | 51 replies (last February 6, 2020)
Post ID: @OP+11exFJqK

Card Services is next

It seems the Card Services BU is next in line with something expected before the end of September. It's anyone's guess on who gets hit but based upon the hiring practices over the past months in the technology sector it seems obvious that the... — read more 

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| 2130 views | | 4 replies (last September 27, 2019)
Post ID: @OP+11c1YazS

What happened yesterday?

Did I somehow miss there were layoffs at Fiserv? If I did, is there anybody who can share more info on it? What was hit, how many people were affected, what kind of a severance package were they given? And most importantly, can we expect to see... — read more 

26 years and... laid off.

Well, as of of today, I've been laid off. 26 years in and a 6 minute phone call with HR.

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| 2560 views | | 8 replies (last October 14, 2019)
Post ID: @OP+10XtRnRC

UWP

Fiserv seeks buyer for Unified Wealth Platform http://dlvr.it/RCBVD2

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| 1162 views | | 1 reply (September 4, 2019)
Post ID: @OP+10O2nw5k

FIRST DATA FISERV MERGER LAYOFFS TO COME!!!

While the government mulls over the Fiserv and First Data merger , the accountants from both companies are working on their lists. Fiserv CEO Jeff Y. will kick off the job canning process before the ink on the deal is dry. They will send out their... — read more 

Fiserv layoffs in 2019 thus far

There have been layoff and sideways transfers from the beginning of the year. It has been a few people at a time, usually in the middle management to VP levels. Today, 4/23/19, there was another round, this time in India as well; this round included... — read more 

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| 2882 views | | 1 reply (July 21, 2019)
Post ID: @OP+YIuzMlB

Fiserv Layoffs 2019

Is this going to be an interesting year as it relates to Fiserv Layoffs in 2019?

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| 4290 views | | 5 replies (last March 3, 2019)
Post ID: @OP+VTuExMH

Nearly 60 to be laid off at Fiserv

Fiserv is about to lay off nearly 60 people. Those affected by this round of layoffs include customer service representatives, customer service supervisors, and collections associates. Good luck to all... — read more 

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| 2760 views | | 7 replies (last January 13, 2019)
Post ID: @OP+V93FVZt

Lending solutions

The company will continue with layoffs for Lending solutions. The industry turned, and it's shrinking.

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| 1130 views | | 2 replies (last September 14, 2018)
Post ID: @OP+U9aHwYF

Fiserv Buffalo layoffs

Lending solutions layoffs across Buffalo, NY from selling its majority stake to private equity company. Posted in an old thread a few days ago, I thought it should be in its own post for those looking for info. Do we have any more news on layoffs... — read more 

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| 1460 views | | 1 reply (August 31, 2018)
Post ID: @OP+SoggeEW

Fiserv FRMS Divisions lays off 10%...more to come!

Short term focus on making 'numbers', shipping projects over to FGS (then complaining about the quality). The One Fiserv mantra is a joke and no one is buying it. Start looking because the music will stop and maybe without a 'package' to soften the... — read more 

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| 3524 views | | 2 replies (last March 1, 2019)
Post ID: @OP+RrwM6MF

Fiserv Layoffs 2018

Do not worry too much, I am one of those who is always optimistic - things will pan out good and we will not have layoffs here in Brookfield.

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| 3040 views | | 5 replies (last September 17, 2018)
Post ID: @OP+PLwZm2Y

News Article on this summers layoffs to India

http://journalstar.com/business/local/fiserv-moves-work-to-india-lays-off-in-lincoln/article_6a10164a-9e11-526a-af96-edf62922e8a8.html This was just Lincoln, many others in different centers were laid off too.

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| 1670 views | | no replies yet
Post ID: @OP+PfwgO5b

Recent Layoffs

This wasn't just conversions. It was development teams from all applications. It was a very large RIF and it was aimed at long timers with tenured salaries. And you are correct, FGS is getting the work.

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| 84 views | | no replies yet
Post ID: @OP+NEAi5XP

Bank Solutions

The conversion programming teams across all platforms felt their first loss last week when 3+ employees were cut from each team in addition to other departments. The plan for the conversion programming teams is to eliminate the U.S. Employees by 75%... — read more 

April 28, 2017 Layoffs in Alpharetta

Heard of some more people that were let go in Alpharetta today, 4/28/17. Jobs are being sent overseas. Wishing those affected the very best in their search and next opportunity.

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| 2202 views | | 1 reply (June 5, 2017)
Post ID: @OP+N2H4Eap

FGS

Really enjoy seeing all the jobs being sent to Fiserv Global Services (FGS) in India. It has been great for our stock price.

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| 2960 views | | 4 replies (last March 5, 2020)
Post ID: @OP+MPV0van

March 30, 2017 Layoffs

Layoffs across Bank Solutions Group on 03/30/17. Some people near retirement age who were with company for decades. Continuing layoffs. Staggered over a few weeks as individual divisions work independently to identify who to let go. Confirmed to be... — read more 

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| 4880 views | | 7 replies (last June 13, 2017)
Post ID: @OP+Mz7QRbj

The ax fell today.

After 20 years of loving my job and dedication to Fiserv I was let go due to "Reduction in Workforce" . It was quite a shock and only took about 14 minutes from start to finish. I thought I was calling in to have my annual goal setting meeting. Boy... — read more 

Petition to US Department of Labor Submitted to determine if Indian Jobs were spared whilst American Jobs were cut at Fiserv.

OK a Petition has been submitted to investigate if American Jobs went to or simply stayed in India. They wanted to know if anyone had trained or mentored anyone from India. I for one did have Indian people that were from Pune that everyone on our... — read more 

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| 2432 views | | 1 reply (March 4, 2017)
Post ID: @OP+M7v5qL2

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