Does anyone else have a townhall scheduled tomorrow? Wondered if that means I'll get cut and some severance.
The Rise and Fall of FIS
Check out this article: https://dwaynegefferie.substack.com/p/the-rise-and-fall-of-fis
Don't fall it
No, people are not finding better jobs with better pay and leaving in droves. A few maybe got lucky, but that's it. The job market is horrific right now. It's one of the most hostile job markets to employees ever. Thinking that you'll get a better... — read more
11/04/26 Voluntary Buy Out then Lay Offs in December
We seem to have missed that announcement of a VBO on the above date as reported down this page . That doesn't mean that it won't still happen. Any updates or reason for the alleged delay?
MBP Retiring? Replaced by opencore os?
I’m currently interviewing with a big 4. One of their questions was if I knew other core products. He mentioned that MBP is being offloaded and will be replaced by opencore OS. Anyone else hear this? I thought open core was a fake product
FIS SHAREHOLDER INVESTIGATION: SueWallSt Notifies Investors of Potential Securities Claims Involving Fidelity National Information Services
FIS lowered its fiscal 2026 outlook on November 4, 2026, setting revenue guidance as much as $210 million below Wall Street expectations, about eight months after its CFO cited a "high degree of visibility." FIS shareholders who lost money may have... — read more
CFO change
Just as noted months again here, AB becomes CFO. She was openly telling us she would be the next CFO as far back as early 2025. Disaster in professionalism and C Suite disaster. She gets the job as a close friend with her days with SF in Cindy. She... — read more
No more roundtables please.
Stop talking. You're making it worse, not better. STFU.
What Happened To The Stock Today?
Fidelity National Information Services, Inc. (NYSE: FIS) came under heavy selling pressure after its third-quarter report paired slightly better-than-expected results with a sharply reduced 2026 outlook. Investors also weighed the CFO’s departure... — read more
Next step is bankruptcy
High debt spooked the investors. P/E is 4.6, still investors getting out. Management - Jim Johnson, Stephen Nundy, Don Duet and others, is not at all interested in turnaround. They are raking millions. They know that they will not get same... — read more
FinTech CEO performance comparison
Found this on the Yahoo Finance forum - credit to Merlinda: https://ibb.co/gZdb0CJv And for the nostalgics among you - here’s Gary in the Fortune magazine top 10 most overpaid... — read more
Su-ks to su-k
Nuff said.
Revenue Growth Down and You
I can't imagine another layoff before and during 2027 helping revenue growth during 2027. I feel like this is more of a failure to launch new products/being competitive in our market spaces. Over on the developer side, a lot of the mainstay FIS... — read more
How’s that turnaround plan coming, Steffy?
Down ~20% while the stock markets are soaring. You go girl!!!!
How bad will layoffs be?
As a result of this mess?
Q3 Earnings
Not looking good for today.We might hit 2010 or older prices. This is abysmal leadership. Stephanie, Kelly, Bob all need to be gone today. Looks like it is the CFO to be the first out. Time to cash out his millions and leave. Interestingly he had the... — read more
Quitting crosses my mind every day
I open my laptop every morning and wonder why I'm still doing this. The only thing stopping me from handing in my notice is knowing I need the income.
What's expected in November?
More cuts?
2027 health benefits
https://insurancenewsnet.com/innarticle/kraft-heinz-aramark-sue-unitedhealth-over-bogus-health-claims This is the company FIS leadership chose to manage the FIS-paid healthcare plan in 2027. Someone didn't do their homework
KB - What do you move?
They're kidding right? Just another opportunity to spin fantasies about what they do all day. Everyone else is doing the actual work of meeting clients where they are, solving problems and in doing so efficiently, retain their business. No bonus for... — read more
Binned off today?
Honestly so sick of this. Working all hours, smashing it every time, and no one even notices. Get glowing "coaching" reviews and then I'm still sat here waiting to get binned off for no reason. Living day by day, hour by hour, waiting for the axe to... — read more
I've had enough of the constant supervision
I just want to do my work without someone constantly overseeing every little thing. Even managers who start out reasonable seem to end up worrying more about control than letting people get on with the job.
It is happening everyday
There are 20-50 layoffs everyday. Around 200 every week. The slow bleed continues. The staff members are not getting any extra dime for employment buyouts. The executive employees get golden parachute. Their severance package has cash payment plus... — read more
FIS is excited to announce the launch of the Massive Episodic (re) Shuffle and (re) Structure initative
FIS wants its organizational structure to be responsive to the dynamic needs of its customers. So it is excited to announce the Massive Episodic (re) Shuffle and (re) Structure initative!!! The FIS M.E.S.S. initiative will accelerate a client... — read more
Severance
Severance entitlements are being reassessed for next year following some significant payouts. There is a project to focus on reducing severance costs in key high-cost countries, with TPO leading the initiative another thanks to Bob and his benefits /... — read more
FIS voluntary buyout rumor
Someone here says voluntary buyouts will be announced November 4, ahead of December layoffs. I haven't seen anything official, so I'm trying to sort out what's real. Has anyone received an actual notice? Which teams, locations or job grades would be... — read more
FIS Voluntary Buyouts
FIS to offer employees voluntary buyouts ahead of December Layoffs. Announcements to be made 11/4/2026.
HR it's not your friend
That's it. That's the post.
Who is writing the article on this sad state of affairs?
Surely, someone should be? Book? Film?
Unreliable, out of date systems
Processing financial transactions is impossible when the systems used to do so are so old and finicky. One started to go down yesterday, then went down completely today. How is anyone supposed to serve clients when facing this? This does not mean... — read more
When did we decide this was fine?
How did we let this turn into the norm? Layoffs keep coming and nobody even reacts anymore, like it’s just another calendar reminder. That’s not resilience, that’s exhaustion. We were basically forced into accepting chaos because fighting it got too... — read more
Travel
Make it make sense. Forcing many Directors and GPO’s to travel to India early 2027 to meet with the rebadged teams now reporting to Accenture. What a waste of money and time when the stock has fallen each year. Not senior executives meeting with key... — read more
Town hall meetings are completely useless
I don't understand why people even bother with them anymore when we know nothing of use will be said.
What $15,000,000 could do
Stephanie Ferris, CEO of FIS, makes about $21–23 million a year (mostly in stock). Since she took over, the company has cut roughly 25,000 jobs—from about 69,000 down to 44,000. The stock has fallen more than 50% from recent highs.The people still... — read more
Town Hall Meeting
SVP Ian McCoy gave an update (not really) on the status of the Franklin Templeton contract with FIS for Customer Operations. FT Customer Service moved back to FT this last year. FT has begun contract negotiations with another firm to provide Customer... — read more
Moving to United Healthcare?!
Just when I thought things couldn’t get any worse. They really hate their employees here.
I am speechless…
It is unbelievable to me that the company let all the talent go in exchange for a bunch of overseas employees with NO experience and very little English! I would LOVE for them to join some of the client calls with these new resources to hear... — read more
Digital Town Hall this Morning D1C
More lip service with no real plan while the entire environments are on fire. Clueless about AI, clueless about any real architecture, clueless about security. The only truth in the whole presentation is "consolidation". That's the whole plan... — read more
Since many are struggling these days, here's my approach to surviving corporate life
I've learned that it helps to have good relationships throughout the organization, not just with your direct manager. I don't feel the need to weigh in on every disagreement, and I avoid getting pulled into unnecessary drama. When something urgent... — read more
Rebadged employees told to not submit October timesheets
Received an email to not submit the timesheet that Cognizant sends to FIS for rebadged employees until further notice as FIS is “currently working through funding-related matters associated with those statements of work.”