Global financial services company Fiserv Solutions will eliminate 118 positions at its Berkeley Heights location.
The layoffs are planned between March 31 and May 31, according to a WARN notice filed this month.
16 replies (most recent on top)
@OP
The sales leadership at Fiserv is an embarrassment. They push salespeople to sell. Even though they can’t get any client implemented in a reasonable timeframe.
Clients on our platform are being overcharged and being forced to pay fees after they are deep into getting onboard. If only the client knew the crooked ways
Yes. They have a formal process for creating knowledge transfer documents.
They also never tell your replacements about the knowledge transfer documents.
Something to keep in mind when deciding how much effort you should put into them.
@dv yes and yes it’s BS
Are people actually doing knowledge transfer after getting laid off? That’s pretty cr*ppy. Hey! We’re taking away your livelihood, go train your replacement! HUH??
Rule of Thumb for Life: Don’t blindly believe content mills.
In NJ, a WARN notice has to be filed if over 50 being let go at a site. You can avoid the individual 60-day notice if you pay out in lieu of notice at the individual level - but still have to file the notice with the government. As someone posted, the dates in the government notice are based off EFFECTIVE date of term, not the notification date.
For those let go last week, most got two weeks non working notice. Some got two weeks working and an even smaller number got a longer working notice period for the purpose of knowledge transfer.
Remember when these layoffs were supposed to start on Monday, the 16th and got delayed to Tuesday the 17th? Let’s do the math - if you got two weeks non-working notice on the 17th - when is your effective date of term and when this RIF officially starts in the eyes of the WARN rules.
- Drumroll*
March 31st.
This is not to say that no more layoffs will be coming in the next two weeks, but it is to say that these articles in NJ and Patch are lazy as he-l. They literally went through the WARN notice and made articles for each company without reaching out to the company, just blindly posting the days without any reporting nuance.
There will be more layoff cycles - we’re not out of the woods by any stretch, but don’t just blindly believe garbage you see in content mill websites.
@bp yes it will start again 3/31 next week and they have up to 5/31 to complete.
@b7 the layoffs already took place last week. But still there is more coming that means?
@b6 all areas and will free up alot space I see 5 day work week in office.
Should free up some toilet stalls
I did not make this post...
Not trying to offer fake optimism but Warn dates are based off effective date of term not when you’re told - recent layoffs go into full effect at the end of this pay period, the 31st even though access is cut immediately with some getting a working notice.
Also the severance could be in lieu of the 8 weeks notice
Could be wrong though but there were definitely over 50 axed at BH this latest round and that didn’t receive a WARN beforehand hence why this may be what’s being referenced
What fields are gonna be affected
Lower than I expected after we gonna expect more waves
@aw I agree, your original post was lazy. :-P
Such laziness
https://www.nj.com/union/2026/03/financial-services-tech-giant-plans-118-layoffs-at-its-nj-hub.html
Link or it didn’t happen