It's quite easy to peg management posts, they're the ones that make it always sound like the employees owe the company something. Neither side owes anyone, anything. A 'job' is a mutual agreement, employee performs tasks, employer pays for those tasks.
Also easy to peg are the OFD posts, those are the ones that are juvenile and sound like their 5 year old kid wrote it.
Jeff doesn’t work at fiserv either, he must have been bad at his job
The moody report is only one report and using a single report to determine if a company is worth buying into would be irresponsible with your money. You should look at multiple sources. The Research Team, New Constructs and Market Edge all say avoid due to large debt load, with other equity research saying they are neutral about the stock as of July 20, 2020.
Now the stock is still below it's 6month $120 a share baseline, but other stocks in tech and banking have rebounded much better than Fiserv. It tells you confidence in the company isn't there yet.
My guess, once Fiserv has a solid year under their belt where the debt is reduced without cutting jobs. It will show the company is truly profitable; because, right now the only way they make their numbers look good is cutting expenses. In this case synergies (overlap of employee duties).
Moody's just completed a positive review on FISV, I guess the analysts on this board are not very good at their job? Probably why they no longer work for fiserv.
Fiserv's Baa2 senior unsecured rating reflects its leadership in the core bank processing industry with a stable recurring revenue business model supported by contractual customer relationships, high degree of customer integration, and high switching costs. The merger with First Data, which closed in July 2019, added leading global merchant acquiring and issuer processing businesses with a strong suite of financial institution relationships and technologies and provided meaningful synergy opportunities. In the current downturn, Fiserv's revenues will decline modestly in 2020 but will rebound in 2021, with margin support from cost savings and merger synergies. Capital allocation strategy prioritizes debt repayment following the First Data merger until leverage declines below 3x in the second half of 2021.
@9wez+15NQEDPe It seems like FB decided to layoff more people to make his earnings look better. Fiserv is doing well in a poorly performing economy, but we still see layoff's. Plus, benefits being reallocated for marketing/political purposes. That 401K match has been reallocated into marketing campaigns.
"Most businesses have laid off 50-100% of their workforce over the last few months." The unemployment rate according to bls.gov maxed out around 15%. Even if you triple that number, no, "most" businesses have not laid off "50-100%" of their employees.
Let's be accurate, as a percentage of the whole the number of layoffs has been low. Most businesses have laid off 50-100% of their workforce over the last few months. When earnings roll out you will see that FB saved thousands of jobs despite how bad business has gotten. FB is not the horrible dictator many on here make him out to be...Think...how many have had to return to the office? Oh right, none because FB is a reasonable leader.
I wonder if the Fiserv Freight Train crew bothered to to check if the team doing bridge work down the line was done before they were all laid off. Oh well. Things are going smoothly right now so clearly there is nothing to worry about !!!!
All aboard! #fiservproud
Lead, follow or get out of the way, the Fiserv freight train is coming thru !!!!
Everyone assumes that the new "Fiserv" Management posters are actually that. This is an anonymous site, you have to assume there are a ton of trolls on here just trying to aggravate people and kick them when they are down. Don't let those losers win.
What feels good is watching all your fiserv losers get laid off
I see the "New Fiserv" management posts on here from time-to-time, and it seems rather childish to respond the way you do. Recognize the animosity from employee's and step up to fix it by doing your job better. If you are unable to fix it, then you are clearly in the wrong position, and you should let someone more qualified step in or get an executive coach. Lots of people are clearly unhappy, and this starts from board and chiefs down.
@2gox+15NQEDPe That does feel good
@1kdx+15NQEDPe You couldn't transform yourself out of a wet paper bag. You'll go down in the huge blaze that the "New Fiserv" will be going down in and I'll be laughing all the way from my new company.
If this is the level of animosity when most folks are remote, I hope you never go back to an office
Shareholders first. That’s how you know it’s a stooge. It (foolishly) cares little about the people doing the actual work that makes (capital F) Fiserv a success. As long as it can yell, scream and curse at someone, it says it is for the best of the shareholder. It believes it’s behavior motivates others to go above and beyond to make the clients happy, when in reality it only drives more employees away.
Well I don’t agree with you, but I do hope you are very successful
You know, it is so very hard when you are given everything on a silver spoon and have no social skills, let alone business acumen. Then to be given a position of power without having the qualifications. All you can do is use vulgar and childish language to try to do what you always did... whine and cry and try to convince someone to give you what you want.
I’m certainly not a prude. But the vulgar speech I found very troubling. You don’t know people’s background or them personally well enough to speak in that manner is front of groups. I always felt it was a sign of insecurity and trying to add some “cool factor”. I found it embarrassing frankly. Real leaders put their team in the spotlight and take the heat when things go bad. I fear there are fewer of those leaders left. Wish everyone the best
@1ukx+15NQEDPe You need to get over YOURSELF. Most of us original OFS folks are long gone dickweed. Have fun trying to find a lifeboat on the the Titanic.
Ah yes, how could we have forgotten the other signs.
Circular double-speak that makes no sense as a whole.
And Cursing.
Yep, these are the signs of the out-of-touch. More yelling, threatening and cursing. This is how we treat humans when we have no clue what we are doing and are leagues over our heads. It is management to a T.
A couple other tells as well... Punctuation is also optional, or has superfluous “ extra “ spaces in places they don’t belong. You can also tell management and FB goons in these posts cause all they write about are their precious stocks.
I get it, this is a publicly traded company, but to come to a board where there are casualties of the same, just to whine about stock price, it’s quite easy to spot.
No one on this board cares about the stock price when they are looking rapidly for better employment options.
Agree - a job is not an owed item by anybody, and if you work well and are evaluated well you should have some degree of permanence and pay. The new fiserv - notice posts using a small F instead - has posts written by the new FData people in praise of the new situation and environment. Give FB a chance they say, he'll be fair they say. Alot of them now. The old Fiserv is gone.