#svp

SJ retiring replaced by PK. KM and AM stepping out, first wave of SVP changes already announced, more to come? What do we think?

Data science projects face up to an 80-95% failure rate primarily due to poor data quality, lack of clear business goals, and organizational silos rather than the models themselves.

Got word today that the SVP is gone "retiring". Wild news, sounds like more to follow. Usually this is the fuse that lights the fire. Layoffs and a reorg are definitely coming to CS. Makes sense though, you can't have 2 SVPs over CS and Retail.

This leadership under Mike is just moving deck chairs on the titanic!

• expense out (severance)
• expense in (all the new SVP's making millions each from JPM, know nothing about payments, bank software or anything other than consumer and commercial banking.
  Lots of luck, stock price down another 8%, I guess is improvement over the last few quarters with stock down 20-40%.

And we’re having SVPs find pennies under couch cushions and bragging about it

Who is the most prominent bullsh-tter in the history of Walmart at the level of Senior Vice President to date?

One of Shannon's direct reports going to India, coincidence ?

We basically work for the mafia.

What's a fair acceptable range for SVP role in Tampa for a senior person? I know this is a sinking ship and its a temporary boat for me.

Ranges posted are 155 to 230k and most of them are willing to pay around 155. Why post the range so high if they don't want to pay?

spent 5 months here, genuinely nice guy. Not sure what went wrong here. I hoped he will drive meaningful change here.

Maybe it’s the first of many to fall, or maybe not. We’ll see where this goes

So a senior vice president takes a leave of absence?! He was a rising star but even he is disenchanted with Phillips 66 and the money is not enough to retain him. That or he was forced out. Who takes a leave of absence at that level?

Details a bit fuzzy on this. And yes, I know, it's a rough year.

Take this with a grain of salt but I heard from two unrelated sources that there will be a 1K cut at the end of March with the focus on mgmt (Dirs, SVPs...) We'll know soon enough but that layer is fairly fat and this is exactly where they would get the biggest bang for the buck (and the impact will be minimal).

Last minute invite to short meeting tomorrow morning for EIP. Is there a new SVP?

Heard a SVP was let go and a couple others. More coming??

Why are you guys surprised? All along I projected the stock to be in the 50s.

What is next? Fiserv is no longer a fintech company, it is a company with a bunch of accountants and top-heavy with VPs and SVPs. All its IP 🧐 assets are contractors. No one would invest in an accounting firm. Clover? It’s only 8% of the market and going down.

Infinite? Simply an agent, facilitating, accounting cover-up to beautify quarterly earnings.

Sad but this company is dead without its full time IP committed to Fiserv. Mike can’t do anything, Frank left him with long term contracts with third parties and many Frank’s kool-aid guys still around. Stock to $40 .

It will take Mike about another 2 years to know IP is a must to the survival of this company.

I’m being increasingly iced out by an SVP — removed from key business calls, not receiving responses, and no longer being included in important projects. Visibility and opportunities now appear limited to a small group who closely follow directives and have direct access to the SVP.

Is the DEG group (In CNIO/Network Operations under SVP-Corey Anthony) moving to AFO (Under SVP-Chris Altomari) soon??? Overheard some chatter about that being a reality come 2/1/2026.

Many senior folks like SVP and above left in last few weeks. Even some resigned from Altair acquisition. Whenever sales people jump a boat there is a sign...I know a director they hired a year ago in EDA side and has left as well. What's going on? Any insight is helpful...

Is LP out ? LBT hired Qualcomm SVP Eric Demers GPU leader

I finally found something else. Took me 9-10 months. I don't remember what I signed in my contract in terms of notice period. Is 2 weeks enough for SVP or it has to be more?

What's the pay at SVP level? 60 day notice + 10 or 12 weeks pay?Do they pay for any carry over vacation + accrued vacation for the year?

Should I decline my svp to Dir promotion due to layoffs ? Heard large # of MDs and Ds are on the chopping block.

The disproportionate presence of Indian leaders hiring and promoting mostly Indian H1-B candidates speaking their language into SVP and other VP roles in Tampa raises concerns about favoritism and closed networks. When leadership pipelines lack balance - opportunities for other equally qualified professionals are very limited.

Does anyone know what the current status about internal promoting this year? I heard that they aren’t promoting anyone this year.

Does anyone know the pay band for Sr. VP’s?

I'll start by saying I have always been fond of Sampath - super smart, great communicator, really understands the business and the industry, and by all accounts a genuinely nice and kind and thoughtful person.

But that said, I also think that he set many things in motion that led Verizon to this position. Both on the business side and then on the consumer side, he set up large, broad leadership org structures, with lots and lots of SVPs. And then I think that in turn led those teams to create broad teams. And once that org bloat starts, it's hard to undo it. I wonder in hindsight if creating these large SVP teams was a mistake.

Just one person's theory.

tick tock, tick tock....

For the SVPs and VPs that were notified, what happens to their roles? Do they just get replaced with someone new? Do their teams get moved under other SVPs or VPs?

Anyone notice that a few SVPs weren’t included in the Q&A today? Yolanda, Julie, Kwame? What could this mean? Do they have nothing to contribute? Some of the questions involved their groups… I would have like to see them speak.

After the most recent planning town hall, I’ve never felt more unmotivated working for 3M. SVP of planning is woefully under-qualified to be leading this global organization. The future is NOT bright at 3M with him in charge.

There’s a lot of unfounded rumors on here. And although I understand, I might not be privy to all the information - I also am not a fool and I’m aware of this process.

I’ve seen SVP’s in some groups where I’m like. How did this person cobble together brain cells to get out of bed in the morning. One particular gentleman will drop nuggets of wisdom that are more like tu-ds. Using physics analogies, but they’re all incorrect while I’m sitting here with a physics background. Then there are other senior directors that I found out their pay is somewhere about the 300 K band on just base and they’re the biggest waste of air. Then there are plenty of EVP’s there are nothing more than leeches.

Personally, I have not been reached out to you to give a list of employees. However from experience and from others this is how you would do it. First pass all the rank 5 and 4 are safe (we will come back to this). You start in the bucket 2 and 1. If you’re a 3 it’s not about performance as the vast majority is this bucket, it’s how like-able are you to work with and do you make your managers life easy. I know that’s unfair as some managers have vendettas against directs but alas tis’ corporate. Then after if you need more you go to the 5 and 4 ranks. Some groups will give out 5’s like candy and if everyone is a five, then no one is a five. So expect that group have a second review and both pay and politics come into view. At the end you want a lean team of high performers in the 4 & 5 bucket and then the top 70% of the 3’s. If this is giving tech company vibes - don’t be surprised if stack ranking becomes the norm for regularly oustings. The culture will get ugly very quickly.

The only positive is if Verizon gets leaner and we retain top talent then we can promote more easily. But given how shortsighted the geriatric committee is, I wouldn’t be surprised if we also blow this benefit. Cheers all

With the SVP changes today, both in the business & finance…. I can’t help but to ask myself, how are they deciding who is being let go? These shifts imply that the new leaders do not know their org structure…. Who is good/ who isn’t etc.

All we can do now is, not let our nerves get the best of us. Today just proves that layoffs will be 1. financial 2. Strategic and not personal and reflective of your abilities.

I hope everyone can get some rest after today and realize there is nothing that you can do it. Out of our hands so should be out of our minds.

It is almost certain a new wave of layoffs coming. Put all you got here on this thread. HR, EVPs, SVPs, VPs busy…

This is AT&T’s “2020 Vision” but 10 years later, and the reduction goal being 25% instead of 1/3 of the workforce. I don’t know if there will be the COURTESY of another VSP but the HCL selloff was just a slap in the face. You had people with 30 years get denied the STANDARD severance, given NO runway.