Thread regarding Fiserv Inc. layoffs

@b2 lol..
Gentle readers....lol I know someone is a fan

Break it up and sell the pieces. You thought it was bad working there? Wait till these vultures pick the bones and divest and skinny down what is left

Whatever they are wanting to try to do probably won't be doable (more like no one will know how to do it or put in the effort). One Fiserv has been a fantasy since 2005. Now in 2026 they have half dozen of many products that do the same thing and many time the number silos they had back then. How long have they been talking about going to one operating system? Forever it seems. How long have they been talking about getting down to 2 or 3 DC's? Same.

@b2+1khp5dyj4. I read this as core products and services, not core banking platforms. So I expect Fiserv to start selling off parts.

Lets first see what 'CORE' means to Jana.

Core banking platforms or Fiserv core business. Payments, Core Bank/CU processing, Merchant Services? Does Clover stay with payments or get spun out to or sold?

Lots of drama to come dear gentle readers.

So basically more layoffs

They have been going back on forth on which Banking Cores they want to consolidate for the last 20 years. Every couple years it changes. With Yabuki DNA platform was the gold standard. Then all of them would go to either DNA or Premier neither of which that has happened. In fact there are more cores than there were 20 years ago. Who knows what the flavor of the day will be. They'll probably end up acquiring another large Fintech and then they'll run the show and the First Data guys will get the boot like the Checkfree people did when First Data came in.

Will Fiserv have one banking core, or two once they "shed non-core operations"? Will it be a brand new bank core, or will Fiserv be picking a designated survivor?

Oh, they're saying focus on core banking more? Gee, if only Fiserv listened to employees and clients who have been saying this for a decade.

Now if Fiserv would only hire devs with US banking knowledge and actually fix systems instead of trying to bandaid them (looking at you DNA UX), that would be a great start.

Jana Partners’ playbook focuses on constructive shareholder engagement in undervalued/underperforming companies.
Core elements (from their site and track record):
• V³ criteria: Value (undervalued stock), Votes (support potential), Variety of Ways to Win (multiple paths to value unlock).
• Partner with industry executives for better research/execution.
• Push for operational fixes, governance changes, capital allocation improvements, strategic reviews, sales, breakups, or corporate transactions.
• Prefer collaborative approach over aggressive fights; aim for material, value-accretive outcomes like sales (e.g., Whole Foods, Pinnacle) or restructurings.
Often results in takeovers or major strategic shifts.

Sourced MT Newswires:

Jana Partners is pushing Fiserv to implement several strategic changes to boost its lagging share price. The activist investor wants the payments company to accelerate the expansion of its core banking business and launch a comprehensive strategic review.

Key Demands:

• Speed up growth in core banking operations

• Conduct strategic review that could include shedding non-core operations

• Capitalize on what Jana sees as a strong spending environment for banks

Great - they are just another KKR. Watch, within 3 months they'll have 2 board seats with full voting rights. Come in, sell the F out of the assets, take their share and run.