I am from legacy tsys which global payments ripped apart after acquiring and got rid of alot of americans to give the jobs offshore. This company is about to take over tsys issuing which global payments su-ked dry and is now dumping. From reading these threads, I now have little hope for my friends who are there. They are all hoping the transitions would be positive.
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@kn wrong people in charge
@ep it can be done in pockets. But not enough to move the needle. 90 % of products and services are commodity with very little upside. Every contract renewal clients are asking for big fee reductions.
The reason the company isnt growing is because leadership is only concerned about themselves and how much money they can get out of these companies. They are not concerned about making everyone successful so the workers are left with no direction.
@e9 why can't the company grow?
The division of Capital Markets, this year and last years earnings releases were 2nd quarter 5%, 1st quarter 9, 9, 7, 7, and 6% revenue of growth
it can be done
You CAN grow through innovation
but not when it's approached 'big', and decided top to down
and not easy to do in orgs with splntered authority that are constantly reorganizing
None of these companies are growing. The services provided are commodity and vulnerable to compression. FIS has been dealing with compression (reduced profit margin) since I've been there, 10 years ago. The only way to grow is cost reduction through acquisition.