If your position is not moved to cognizant, then don't celebrate.
80% Chances are that you be let go by end of August 2026.
The company is deep in red.
6 replies (most recent on top)
@b4 It’s cute that you’re so concerned with my expenses. Does your current setup not offer those kinds of perks, or are you just window shopping?
@b0 just curious, were you able to expense your cu-k chair, or did you pay for it yourself?
It’s no wonder FIS is in its current state. Reading posts and the way things are discussed – all emotional rather than factual – makes me fully understand the need for change. Nobody talks specifics or concrete points; it’s all high-level nonsense.
Wake up people! The world is changing dramatically and you’re still talking about trivial matters.
@OP you seriously need someone to talk to, have you thought about an AI companion?
It's not pointless. Company had over 40 billion in debt months ago. BILLION. 3% cash on hand. They are fighting hard to send all outsourced, There will only be a handful of FIS employees when all is said and done and all else will be sent to Cognizant who will do a transfer of knowledge, then fire those workers and hire Indian and low wage workers.
Remember, FIS signed a contract with Cognizant and Zensar. They didn't sign a contract with you. Management and the next set of people are next. We were at 50k++ employees. We will be less than 3000. Makes sense. Third party it, those 3rd parties charge employee pricing for x months, then hire new lower wage workers, build an employee farm, either charge FIS the same price (not going to happen), or lower the cost. FIS loses ownership of taxes, insurance, fees, cost of every single employee and goes to a flat rate.
As Stephanie said, this is going to be a win-win-win. She just didn't say the -lose part out loud. That is the employees. Just keep your resume up to date. Post it. Know the laws for your region. Make notes. Identify the hours they are making you work and have worked. Do everything to take care of yourself. This company is in a hole, it is endless, but with their offshoring model they should be able to gain actual more control monetarily and on paper make themselves look like a golden, shiny star for a buyout. The remaining employees will be fully gutted at that point. The board and executives will be blessed with millions each. Management will get nice bonuses for driving this success that they had no idea was happening. Employees have zero bearing in any of it.
@OP cr-p like this based on your opinion is just pointless.