Layoffs are expected to accelerate this near into next as the company shifts to AI. Several "reorgs" in waves to be expected according to insiders close to SF. Interest rates are not coming down as quickly as expected and this is putting pressure on not being able to refinance the debt load at lower rates as wages pressures and benefit costs accelerate.
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@hh in what way ? Is your knee je-k reaction always troll ? what is wrong w/OP's analysis ?
Troll
wages pressures and benefit costs accelerate - what? They've saved hundreds of millions of dollars with the recent terminations. they will be saving hundreds of millions more shortly. The stock market is taking into account FIS is bleeding workers as it has not done anything at the executive level, re-did contracts, lowered costs, and more.
This is why the stock is diving more and more. They have not fired SF because they do not want another public burn and bump of negativity but have brought on more execs from McKinsey as well as the board. Really spending that money in all the wrong places. Take that and current and future lawsuits due to what the have done to the stock and the employees.
Once we hit mid 30's I expect a sellout of some if not all of the business. Either way, executives will be paid their full money. Workers on 1 year severance plans and everything else it depends. If bankruptcy hits, lots of things will be null and void. Not a good outlook here for the past 3 years.
What you talk'n bout Willis?