Thread regarding Fiserv Inc. layoffs

Business Ethics and Dysfunction

I was reading recently about ethics in business where elevating profit as an exclusive endeavor above employee well being creates a significant amount of chaos and dysfunction in an organization.

We all know that profit is necessary and the outcome benefit of providing goods and services to our customers, but when employees are minimized, when clients are mistreated and when everything else is forsaken while straining to achieve revenue targets, the whole thing just implodes.

Isn't it interesting that good leadership would work to remain profitable by elevating employees, restore client relationships, and truly implement strategy, plans, and policy that encourages innovation instead of slapping the word 'innovation' on phrases that have the opposite meaning.

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| 921 views | | 2 replies (last October 8, 2024) | Reply
Post ID: @OP+1uTGf5TY

2 replies (most recent on top)

it is not that deep

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Post ID: @cue+1uTGf5TY

Current leadership is less interested in the long term health of Fiserv as a business.

It’s all about the next quarter to them, so they need a quick and easy way of boosting the stock price (ie cutting costs wherever possible).

Leadership gets stock as a huge percentage of their salary.They all sell off immediately and make a fortune, then go and retire to their yachts.

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Post ID: @bzl+1uTGf5TY

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