Anyone at the town hall? This whole idea of activating AI agents and digital workers, while at the same time saying “w know you guys will be here for fifty years” implying this is the last company we will work for (because it’s great). Man, what an out of touch thing today. On the heels of constant Layoffs, fear is getting replaced by AI and admiring that we can’t afford hiring new people and need to move to digital workers.. what a horrific sight to see
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@jn The leadership at FIS has been exceptionally inspiring for me --> to find and accept a new job :)
Happy to be moving on.
Feeling bad for a lot of good and talented people I worked with here on a daily basis.
Hope things turn around for them.
The stock price is a symptom not the cause of FIS' problems
every company will hit rough patches that require hard decisions
but if you look at this exec team
Do you believe FIS will be better in the future?
are making good investment allocation decisions with the costs they are saving?
Does this exec team inspire trust?
inspire you to work hard?
inspire you to buy the stock?
@ee
I need more reaction emojis besides Up/Down. I’m agreeing to the post that our stock is in tank thanks to SF and it stinks. The definition of insanity is doing the same action over and over again and expecting different results. Lack of clear leadership/strategy and trying to ‘cut cost’ our way of this mess has not worked. A change is required!
Continue to reward the company?
Stephanie became CEO effective December 16, 2022. The stock price opened at $69.32 that day.
The stock closed today at....(drum roll) 69.75
Keep telling yourself that. A 5 year chart and some common sense tells you all you need to know.
How else is Stephanie and team going to offload 50M+ in shares after they're done looting the place?
Here's a hint. You're holding the bag!
I wouldn’t sell any stock right now. When Wall St hears about all the ‘cost cutting measures’ taking place and the ELT puts their positive spin on the RIFs, the stock will see a pop. As long as they can kick the can down the road and play with the numbers, investors will continue to reward the company.
@a1 didn’t even know there was a town hall. Guess I’m too low on the totem pole. Selling my stock for a loss sounds good. If only everyone would do that it might get some attention.
ELT is out of touch with the work forces. In 30 years I have never seen or worked for a bigger group of “do as I say, not as I do” leadership team. The investors have spoken they have zero confidence in her leadership. If you need to hire a consultant to tell you how to do your job maybe you shouldn’t be in your job!
@cy I imagine the hundreds/thousands of people being laid off are doing the same
Curious about this. Can someone TLDR what happened at the TH for us who are not in MKE?
Customers hate FIS and sales are suffering.
It's only a matter of time before the Ferris era ends at FIS
After this Town Hall, I am selling my FIS stock (at a loss). This company is doomed unless leadership changes and has real strategy to pull out of this death spiral. Legitimate questions from employees and AI buzzword answers without a single action attached to them. Alarming incompetence!
@aj yea this is such a wild experience. I spent the day on a call with 10 people. All of them has manager or director titles, none of them knew what to do for the issue. Three hours were wasted before someone finally got the ball rolling, was a spectacular waste of time
AI should replace the Exeuctive Leadership team. Can't do worse
That was... horrible. Between the blowing bubbles, beach ball hitting, name dropping her vacation spots (left a kid alone in Mexico to do a deal...???) , tv interview discussions, giggling at pointless stuff and mixing that with AI discussions and pretty much saying we weren't hiring because the stock price. Can't say I'm feeling great about FIS after that.
Maybe they figure AI will do a better job than some of the cheaply paid new hires who have no knowledge, little training. Recent meeting on a major client project. PM had no idea what they are doing. Someone would ask a basic, basic question. “What a GREAT question!” Then not have a clue how to answer. Word salad jargon, with a perky, positive attitude! Project isn’t going to meet deadlines for the client. Already lost 3 major clients; another one is most likely leaving. Some have been around for over 20 years. But it’s all good if we are just super dedooper positive!! I don’t know how this PM (no real experience before FIS) has kept or will keep their job. The project is in shambles.
What are they smoking. Data is so cr-p and they wanted to activate agents 🙂, this new CDAIO is only busy in his UK trips, full cr-p
These mo--ns can't even figure out the AI and think they're gonna replace all these people with it. Gonna laugh when it all backfires
Reposting with less typos…
Anyone at the town hall? This whole idea of activating AI agents and digital workers, while at the same time saying “we know you guys will be here for fifty years” implying this is the last company we will work for (because it’s great). Man, what an out of touch thing today. On the heels of constant Layoffs, fears of getting replaced by AI and admitinf that we can’t afford hiring new people and need to move to digital workers.. what a horrific sight to see