Since taking over FIS, she has been paid on average 20m a year in total comp but the stock price has gone up $6 from accelerated CEO date of December 16, 2023 to September 10, 2025. In the meantime, she has paid millions of dollars to third party... — read more
Down-leveling rumor
Can anyone confirm if there are plans to down-level certain bands? Would this down-leveling impact comp?
Losing my health coverage is my biggest fear
I just keep thinking, if they lay me off, what happens with my health insurance? I’ve got bills, prescriptions, and a family depending on it. Losing a paycheck is one thing, but losing coverage on top of that feels terrifying.
FIS has officially ended active sales of its Modern Banking Platform, once positioned as the strategic replacement for IBS and Horizon.
NICE THAT THE COMPANY DID NOT TELL US THIS!!! Attendees Will Learn FIS has officially ended active sales of its Modern Banking Platform, once positioned as the strategic replacement for IBS and Horizon. At the same time, MISER is being rebranded as... — read more
Message to the Board - Bring back Gary
Dear Board Members: Well, where do I start? Stephanie is doing wonders for this company… by turning it into a ghost ship. I’ve never seen a CEO come in and shrink a company on purpose. Who knew that the secret to success was reverse growth? It’s... — read more
Fintech giant FIS lays off 133 people at Seattle-area office
After September 15th these employees will get layoffs as per news
RIFs mid September
Anyone know which teams and roles are going to be impacted in next round of RIFs (9/17 and 9/18).
Can we volunteer our name on the RIF list?
At this point…can we volunteer to be let go? And if so, do volunteers get the payout? It’s seems like a better deal than staying behind to drown in work and await other rounds of RIFs… So, how do we get our name on the list?
Has SLF already left the building?
She has been marked OOO for a couple of days now.
Leadership incompetence at its best!
Last week, a significant number of colleagues were let go across the US, India, and the UK. The very next day, UK employees were sent an invitation to a World Su----e Prevention Day webinar. That goes beyond tone-deaf — it’s reckless and cruel. Does... — read more
Spreading layoffs all year is ruining morale and productivity
To anyone in executive leadership who may read this. It's important that you understand the climate that is being created at FIS. I'm not going to argue in this post for having less overall cuts, but rather to get them over with next time. I... — read more
New hire wondering about layoffs
I started here a few months ago and I’ve already had to face layoffs. Not exactly giving me confidence in joining. What I’m wondering is if new hires usually get any kind of cushion, or if we’re just as exposed as everyone else from day one? It'd be... — read more
Is this company finished?
So many key people cut without a plan. Customers were already cancelling before this The only strategy from executive management is to overspend on management consultants and new roles at the top. No one can understand the org
Good, fast, cheap. Pick 2
Fis: cheap twice
Now comes the hard part
Our job volume is about to increase significantly with no corresponding increase in pay. We’ll have to cover the work left behind by those who were laid off, even though some of us already have more than we can handle. I swear, I’d almost rather have... — read more
Another sc--wed up weekend
This company really knows how to monopolize our lives.
Sums it up………
STEPHAINE Selfish Tyrant Egotistical Predatory Heartless Amoral Insensitive Narcissistic Evil
Treasury AI and RIF timing
All I see today is news on the new treasury AI from FIS. Nothing about the layoffs. Well timed press to cover up the layoffs? Well timed to make it seem like the "jump" in profit looks like its coming from this so shareholders spend more? Thoughts?
What to expect next week?
This week was brutal. The rumors are endless, and it would be a relief to know for sure if we can at least take a breather for a couple of days. But honestly, I’m not feeling very optimistic.
Disgraceful inequitable discriminatory practices
FIS placed me at risk yesterday in the UK. My US peer was let go with severance and pro-rated bonus. We are on the same plan yet different treatment as been told in the UK we are not eligible for bonus. Their fake “one team” mantra is a lie. The... — read more
Crazy question
With all the layoffs yesterday why was there no WARN letter sent out? Is it because most of the layoffs were remote workers so there were not enough layoffs at one particular location to meet the WARN eligibility threshold?
Did the layoffs continue in India today too?
Also heard multiple people voluntarily quit due to the RIFs. Is this true?
When McKinsey Comes To Town - Read the Book
Destroyed our great Company !
Animal house meeting tomorrow
My manager has a team meeting scheduled tomorrow for all of us. It's going to be like that scene in Animal House with Kevin Bacon. Utter chaos and our manager will be screaming "stay calm all is well!" F it I'm taking Monday off.
Imagine the millions that could have been saved…
How many millions of dollars, including stock options to ex-Google/Lyft resources, were wasted on Atelio! Complete waste with nothing to show for two plus years. CEO/BoD, of course, were not impacted at all for their decisions and waste.
Has it finished?
Are we all done for this round? Or do we have more days of stress remaining?
Hiring freeze STOP
Does anyone have any info about when the hiring freeze will stop?
Next round on 27th or 28th September
I heard from my director today that there is another round on 27th or 28th September, i can't remember. The persons who are leaving already know that. Do you have any info about it?
Any criteria for layoffs besides the bottom line?
From what I’ve seen, none of it makes sense unless you look at the cost savings. Which means nothing will actually get fixed, but a whole lot of people who truly know what they’re doing will be gone.
Wow. This place is really being burned to the ground
Not sure what the plan is. Maybe it's being dressed up to be sold, because the going concern ability of this place is being destroyed
Received a touchbase email for tomorrow.
Myself and a slew of members from my team. (But not all of them are from my team, and not all of my team was invited). My assumption is either: "Changes are happening and you were not affected, but we're sorry", or "You were affected by these... — read more
Total layoffs yesterday at FIS
Does anyone know the tentative global headcount affected by the layoffs at FIS?
Severance
Is everyone signing their agreements? Has anyone engaged a lawyer to review?
Our voices are big here let them be heard
If we want to continue having our voices seen and heard we need to keep speaking up together. This is the place to do it in unison.
Is anybody worried about today?
I can't relax no matter what. I'm in the permanent state of anxiety.
It's not just the layoffs, it's the dysfunction
Yes, lot's of companies are announcing layoffs But can anyone really understand our org structure? What the end goal or strategy is?
It’s not just this company
Keep an eye on the waning demand for Labor generally and be prepared eg with resumes and maybe even retraining. Bloomberg today: It’s only the third day of a much-feared month of September and sobering US economic news is already piling up... — read more
Please, don't take on extra work
If your team is affected, they're counting on you taking over the work of those who were laid off. That work is not just going to disappear, and they concluded that the rest of the team has room on their plates and can do it. And we all know how... — read more