I’m hearing stories of some colleagues across the business receiving contractual bonuses and some not, even though they are in the same position. Does anyone have any info on this? I imagine it was due to different LOB’s now being merged but seems... — read more
There are some cross posts up at the Franklin Templeton Layoffs page
It only seems fair.
RTO compliance and severance
I'm in a location with RTO mandated Tues-Thu. I'm complying when I can, but I need to maximize my productive work time to control the impact this place has on my life. That means sometimes I work from home and I appear on the list for... — read more
Not enough insults, spill the tea
Whomever has up to date information, spill it. You are doing a service to your colleagues who are all in this together. Those who have been kind enough in leadership positions to share have helped tremendously. Don't gatekeep if you know something... — read more
Too many insults
This site has descended into a place for people to insult upper management with foul language and insult others who may have a different opinion, or somewhere just to post long rambling rants that sound like the unemployed man in the pub who thinks... — read more
Don't get comfortable
You might think your group is safe. You might have been told the cuts are done. Don't believe it. Stay prepared. Getting blindsided is way worse than expecting it and being wrong.
TA changes
Big changes in TA happening starting March. Is this going to lead to more layoffs? Looks like it's mostly about managers?
FIS/TSYS layoffs
I hear major layoffs are coming by April that will hit the Product, Technology, and Operations groups as they consolidate these organizations.
I'm not Okay, you're not Okay Corral
Deep cleansing breaths, people. What kind of tools is everyone using to manage stress? I understand the need to go straight to sarcasm, but seriously asking. Focusing on supporting colleagues helps, it's always been about the people. Keep an eye out... — read more
FIS Belgrade
It seems that FIS Belgrade office is in disarray. Lot of people were fired and morale is zero. It seems they are probbly going to close the office. Almost everybody there is trying to escape
Seem OK
I honestly don’t recognise the FIS that is referenced on this site. Sure there are layoffs which su-ks, but I work from home on interesting stuff, get paid pretty well and have a work life balance that I choose. I could get let go at any time but... — read more
I genuinely can't remember a time things felt worse
I'm barely present. I've run out of caring. We've bled talent, and management spins it as a win. Following that logic, the company will peak the moment the last person walks out. Beyond that, nothing adds up. So many things could be done better and... — read more
Delusional - standing ovation!
SF isn’t going anywhere: she appears committed to steering the company in the wrong direction, alongside her puppet minions; Toohey, Kehoe and Beatty. We exceeded our targets largely because we reduced the workforce by 15k. The employees who remain... — read more
Existential damage
It's cutting a swath across the staff. The atmosphere is so heavy.
Where’s Stephanie?
No show at the sales kickoff, sorry commercial summit in Orlando. Nasser Khodri doing all the talking. Stephanie relegated to a 2 minute video measage at the end of the keynote session. Apparently she really wanted to be here but it wasn’t possible... — read more
How likely are you to recommend FIS as a place to work? Pulse Survey Results
Who the heck are these people? The result was 73...for real...??? Do these people hate their friends or did so few respond that some c-suite group was able to skew the results?
Big announcement coming tomorrow
Earnings day on the same day all your sales and business leaders are together in Orlando at SKO.
Prioritizing Contractors over Employees?
We’ve all seen the latest email: a hard push toward a few "preferred suppliers" (mostly the large Indian MNCs) and a mandate to move away from our niche partners. Reading between the lines, this looks like a forced transition from FTEs to a... — read more
Report Them All
https://secure.ethicspoint.com/domain/media/en/gui/20341/report.html FIS Official Anonymous Ethics Hotline and Reporting Start lighting fires and speak up. We already know they don't care, so throw some gasoline on the fire and start throwing all... — read more
Any more layoffs today?
Someone mentioned in a post below that they were expected to continue though tomorrow. How is everyone holding up?
Offshoring
TLDR: Offshoring is tanking the company, layoffs are coming monthly, and the whole thing’s about to implode. Brace yourself. The tribal knowledge that execs are wiping out with all this offshoring is priceless and irreplaceable. I know a lot of... — read more
Global Payments up 16% after FIS sold World Pay to them at a loss
Look what happens when you have competent leadership - They are laughing at FIS and the deal they made The stock was up nearly 16% in Wednesday afternoon trade, taking its year-to-date gains to 4.2%. Chief Financial Officer Josh Whipple said on the... — read more
Best space for FIS Breaking News is here
So many have been generous in sharing what is happening for them and on their teams in real time. It's gut wrenching to watch. Please take good care of yourselves. If still in the office, get contact info or create text chains for your workgroup to... — read more
Mandated Use of AI Code Generation
Team I'm on is mandating AT LEAST 50 PERCENT OF ALL NEW CODE be generated using copilot. No longer "use copilot to work faster" but now "replace your development skills with copilot". I do not doubt, FIS will be rolling this out to ALL of development... — read more
Capital market layoffs this week
Anyone having any insight on this? As we heard big layoffs planned
MKE location core IBS layoffs today 2-18
Hearing some MKE campus layoffs today - Ill try to get more info soon. Know of 5 confirmed. Not sure who is even left anymore in that place
ESPP…. Another failed benefit
Feels like this program is a waste since SF took over. Even with the 20% match, I would have more money if I took the cash and buried it in the yard. Feels like I’ve been part of a ponzi scam and waiting for it all to crumble. I think I’m done with... — read more
Our stock is staying steady today!
Finally, a weekday that we're not going down!! Congrats! Our stock looks pretty steady today!
A culture of fear
The way some of these managers treat people is disgusting. They tear you down like it's sport. The atmosphere is thick with anxiety. FIS has no future if this is who's running the show.
We are a banking company not a software company
The tech middle to upper management were they have an understanding from a technology perceptive of things but no concept on client delivery/product functionality/product use case is so useless. Please hire additional leadership and get leaders that... — read more
The new FIS hold music...
should be the theme from Jaws. There will be no delay approving or problem with the cost of the licensing fee.
We are unstoppable! (Our path to sub 35)
Finally, SLF seems to have found something she's really good at: sending the stock CONSISTENTLY down at the speed of a failed SpaceX rocket. Time for some put options, because when the FT news is public, and James has to guide the investors, you can... — read more
This is my new favorite reality show
Getting to see posts from those involved, sharing in real time, is incredibly sad and validating. There is a lot of value in that. Not making light of the real pain being experienced. However, the Theater of the Absurd in upon us. Then Theresa flips... — read more
Client office
I wake up every day thinking if I will lose my job today. Not how I can service clients. And did she just say everyone will get raises and they will be good? Who is everyone? And in July?
It’s hard to stay motivated watching this unfold.
The stock is down 34% in a year and 65% over five years. Meanwhile, inside the company, we’ve lived through constant restructures: minimal pay rises, responsibility changes, de-levelling, demotions, removal of ratings, mass exits, elimination of... — read more
I have a feeling FT will drop the contract entirely.
Am I alone in thinking that? They are already moving CS which is a big portion of the process. What is keeping them from moving everything back? They are obviously not happy with the work that is done by FIS. I can't even imagine how bad the... — read more
Sub 50
This ship is sinking. Good Job Execs. Guess the 10% dividend boost didn't matter and your shareholders see the writing on the wall. Bye bye C Levels. Just a matter of a short period of time here. Should be a fun next few months.
What is up in Jacksonville- lots of security
What is going on in Jacksonville, more layoffs? Board on site?