Self inflicted wounds

I think that’s my favorite part of working at Frankserv.

Crazy, disjointed, unorganized RTO policy September 2021 that was an entire sh*tshow; immediate 20% attrition
Major RIFs October 2021, June 2022 and October 2022; 15% of workforce? October 2022 was the real fck up. It was so deep and that’s when all of our lovely problems on the Banking side of the organization really started to rear it’s head. Everything’s broken and can’t get fixed. Everything implemented is fcked up. Insane product downtimes. Product issues that we have to give sometimes massive credits.
Forcing remote people even those hired remotely into an office; 5 - 10% attrition?
Lack of innovation. Frank has just allowed our competitors to become better than us.
Co-location. What’s the forecasted RIF amount on this one? Most people aren’t going to pack up and move especially for this dumpster fire. We didn’t learn from #1 - 3? Another 15%?
New mantra of thinking college graduates or people not from the industry can immediately jump in and solve problems; good luck because it’s a very steep learning curve here.

I mean, I get it Frank. Tax credits and EPS. However, everyone is fully cognizant of this smoke show inside and out as this once great company crumbles from within. This place is being run by carnies who mistreat their employees and animals. Didn’t all the major carnivals shut down? This place will eventually too.

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Review on Glas-door and let the potential victims know what it’s like at the new and improved Fiserv,

.... sounds like Elmer Fudd....

There is already a multimillion $$ hack they can’t get under control… they had better be sure the hackers can’t get into the core systems… just look what is happening in Las Vegas now

I about laughed when was asked...Are thinking about relocating? Why yes, I want to relocate my entire livelihood for a company that is mismanaged at the top already and has to cut hundreds/thousands of employees each year to make their numbers. And on top of that, we may not have any more clients to support after the big relocation. You can't make this stuff up.

Would the Treasury dept like to hear about this? Seems like this might disrupt support of core banking platforms, depending how the personnel or knowledge transfer happens or not.

Frank is not done, guarantee he is looking for the next big “merger”. All this is from the same playbook at FD circa 2016. FD had remote workers and non-strategic locations once upon a time too.

Skinny the org down, hiring freezes, some smoke and mirrors on products and quality, find a willing partner…Poof make another $100 million. He’s got 5 years to make it happen and he don’t care about you or your money :(

Report as whistle blower to congressional representatives. I have!

When Jeff was CEO, these roles were separate. He was accountable to the board. Frank, in his egomaniacal power grab, wanted full control and no one to overrule his decisions.

Frank has a 5 year contract with Fiserv (renewed last year). He's only in this to enrich himself and the executive board. He holds three titles which in itself is a conflict of interest (CEO, President and Chairman).

We vote every year on this and every year I vote to break up the monoply he has. The board could remove him but with him as chairman and likely the deciding vote, he can't be removed.

It's because Frank doesnt care about any of those things, he just cares about reducing costs to hit his numbers so he can retire to his new Jersey mansion.

Franks got small hands, smells like cabbage

Thread regarding Fiserv Inc. layoffs

Self inflicted wounds

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