Thread regarding Fiserv Inc. layoffs

Dude... No merit or anything?

After an "exceptional" review, I am hearing no merit or bonus increase? Just a lousy retention RSU of not even 1/2 of a paycheck that vests in who cares amount of time because the stock is going down every single day... I'm so confused, you hand out a retention bonus, in a dogsh*t effort to keep people around, and then say "oh by the way G11+ get nothing this year" lol...

I cannot state this enough, regardless of the size of this company, it's so pathetic how inept our HR or any decision making staff is at communicating. This is entirely a company taking advantage of a flailing job market and uncertain economic factors. Frank being gone lifted a weight off of everyone's shoulders, all for the same procedures of being intentionally cryptic with all verbiage to stick around. I cannot comprehend how listening to employees complaints and being more communicative with your underlings does anything besides boost morale even if a little.

I really do wish one of these soulless HR reps or even Mike would come on here for a second and just read. Even through the side remarks and posts, there are a majority of employees who are concerned about the state of the company and just want to be spoken to like adults. We are humans, we do not want to venture out into the unknown and find new jobs. This cannot continue, or else the constant brain drain that we've experienced for at least half a decade will continue. You cannot ask people to stick around and suffer then simultaneously tell them they will not be receiving more money. The state of the companies affairs due to poor leadership leading to us being left out to dry will only exasperate the issues.

The effort to can these VPs and chairs of divisions has been a solid step in the right direction for relieving some of the draconian measures left behind by Frank, but transparency is what we need now. Pay us, or at the very least, tell us why you can't pay us and explain what your future plans are to make up for this fiasco. Nobody cares for the same people to come on the Town Hall from HR and speak to us with their painful vocal fry, telling us to fill out a curated Q&A form to pad their stats like it's the 4th quarter of a blowout.


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| 2581 views | | 21 replies (last February 13) | Reply
Post ID: @OP+1kh227ng6

21 replies (most recent on top)

left when i had a letter to pay back bonus. never heard a thing and kept it all.

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Post ID: @s1+1kh227ng6

@q3 What cash incentive? :-)

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Post ID: @qj+1kh227ng6

Has anyone left and actually been required to pay back any of their cash incentive?

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Post ID: @q3+1kh227ng6

I keep seeing complaints that Mike isn't buying stocks, so its giving a "no confidence" vibe. From what I've been seeing in these bonus/incentive/merit threads a better suggestion would be that Mike should reduce/cancel C-suite bonuses to reinvest in the people to make sure we can get the work done to make their stocks worth anything. Hiring new headcount would help. And it makes life a lot easier if we can at least count on an increase to match CoL so we're not sweating personal finances instead of focusing on the work, if you catch my drift.

A few of those multi-million dollar bonuses bundled together from the nosebleed section could get at least a token increase or bonus out the rest of us in the trenches and backfill a few previously laid-off roles. But pardon me if I dont hold my breath.

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Post ID: @pq+1kh227ng6

24 month clawback for the cash bonus is ridiculous

You're basically working for your base only unless you plan on being here (and not being let go) for 2 additional years

This company seems like the type who would chase people for the debt too so would recommend not spending the cash and just having it quarantined for the two weeks and earning interest if it's paid

As for RSUs with vesting periods - that's also cr-p however is pretty much standard everywhere.

The real stinger is if no movement on the base salary. I haven't had my conversation or letter yet but am really hoping that's not the case but as I'm grade 11 from what I'm reading, I'm expecting nothing

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Post ID: @np+1kh227ng6

Anyone taking bonus as RSU with vesting or an amount with a 24 month clawback is crazy. I promise you A) are being paid enough for such a setup and B) Don’t have enough influence for it to be meaningful. No way a G11 should take that and not actively be searching for employment elsewhere.

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Post ID: @nk+1kh227ng6

If you don’t receive an incentive comp, then you’re still eligible for merit. If you receive incentive comp (bonus), you’re not eligible for a merit increase. You better believe any cash portion (20% if you’re lucky) of your bonus will be tied to a 24 month clawback. I thought this company couldn’t worse with Frank being gone, but it somehow has.

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Post ID: @dv+1kh227ng6

Last week we submitted our team’s merit percentages in Workday. Has something changed for merit eligibility for Grade 10 and below? I’ve heard that Grade 11 and above are incentive-only, so just looking to clarify.

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Post ID: @ba+1kh227ng6

@ar it was YOUR fault. don't do it again

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Post ID: @b9+1kh227ng6

@ak good to know, thanks for the explanation!

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Post ID: @b2+1kh227ng6

@af 0/10 ragebait, I saw you use AI to center a div

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Post ID: @b1+1kh227ng6

I put in a lot of extra work last year hoping to get an exceeds w/ a nice merit increase. As a level 12 I was told RSU retention bonus only w/ NO raise and was told that I "should be happy to serve the company." I laughed and am immediately looking for a new career where I am actually respected. In the meantime, I am putting in only my required hours and nothing more. Fk this BS.

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Post ID: @ar+1kh227ng6

There is no reward for loyalty. Toughing it out will not benefit you in any way.

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Post ID: @aq+1kh227ng6

guys are all sc--wed up big time no merit increments !

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Post ID: @an+1kh227ng6

We were told the exec board declared no merit increases for anyone, regardless of pay grade. The "bonus" payout, split between cash and shares, will go ahead for those eligible.

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Post ID: @ak+1kh227ng6

Don't u worry bro, us juniors will handle everything using new technologies n take ur bonuses eventually. Boomers r cooked!!

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Post ID: @af+1kh227ng6

@ac I'm not sure, unfortunately since they never seem to release official communication and leave it up to the manager to say what's actually happening I can't give a solid answer. I would assume bonus payouts are still happening, but I'm willing to bet they will pay it out in IOU's AKA RSU as the majority of the payout.

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Post ID: @ae+1kh227ng6

Are they paying bonuses for grade 11 and up at all? Or are you saying just no bonus amount over last year (not talking about the retention BS). Thank you

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Post ID: @ac+1kh227ng6

YOU are a carbon unit (read that expense unit) to management and HR so no matter how good you are, you cost dollars and that should be eliminated at all cost. Your employer is not your friend. Do good? GREAT but get out of Dodge City fast.

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Post ID: @ab+1kh227ng6

Haven't had my meeting yet but being grade 11 this is exactly what I am expecting from this joke of a company and why I'll be looking elsewhere

Will cost them a lot more money than a measly raise would have but again no surprises there the decisions that get made here are all short term onky

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Post ID: @a7+1kh227ng6

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