Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

Frank the Tank

Fiserv is the epitome of BOD / CEO corruption. Any truly independent BOD would get rid of Frank. However, goes to show how much in bed these BODs are with CEO’s to line their own pockets. For any accountants still at Fiserv, leave now while you can... — read more 

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| 2640 views | | 9 replies (last October 14, 2021)
Post ID: @OP+1diU5USq

Re-hiring my a-s

Literally froze hiring for all of the company for months, and then dropped 1 person off of every team in the company while announcing the benefits of the new move to New Jersey and the "2000+" jobs it's creating there. Guess where those jobs came... — read more 

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| 1923 views | | 1 reply (October 13, 2021)
Post ID: @OP+1dixUaN9

One positive thing

If Fiserv hadn’t rushed to tell me they don’t need me here anymore (relocation is just another term for cuts), I would have procrastinated for a long time looking for a better job. So I think the only positive thing in all this is that many will... — read more 

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| 1870 views | | 1 reply (October 15, 2021)
Post ID: @OP+1di7skFy

Run away if you can

Folks under 40 who can easily find a job somewhere else shouldn't be playing the "wait and see" game. If you can leave, nothing should be stopping you from walking out the door. I can guarantee you that the future you are hoping to have here is not... — read more 

No relo- benefit package

Anyone have any idea what Cobra costs if you don't relo and are let go? I heard they may pay for 6 months on this side but what does it cost later on?

< $100

If Frank and his relocation cr-p actually going to drive this thing below $100???

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| 1430 views | | 6 replies (last October 14, 2021)
Post ID: @OP+1di17GOu

It’s a layoff

1 week to make a life altering decision to move to a city you’ve never been to. Folks it’s a layoff, not a relocation. And the leaders are incented by % that quit. The more the better. How this affects operations? The crushing work load for... — read more 

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| 2280 views | | 7 replies (last October 15, 2021)
Post ID: @OP+1di3W5TL

Fiserv is cr-p

Fiserv has unfortunately become a dying breed in the fintech world with lousy customer support all thanks to Frank himself. He does not care about the people who have been there for years and has pushed people out the door. Quality people who are... — read more 

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| 2410 views | | 9 replies (last October 15, 2021)
Post ID: @OP+1di7Uj0A

Account Processing - Signature

Hey here - anyone get a Relo package who is part of the Signature team in Schaumburg or Lake Mary? I am remote and don’t work out of either of those locations but wondering if I have a higher chance or lesser chance of getting a package.

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| 2080 views | | 5 replies (last October 14, 2021)
Post ID: @OP+1dinnYtv

No BENEFITS PREMIUM INCREASE FOR 2022

I was on a call today and learned that despite a 7-10% benefits inflation the company decided not to pass that along to associates. Finally some very good news! Also we are getting another holiday, Juneteenth along with several other enhancements. — read more 

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| 1970 views | | 7 replies (last October 13, 2021)
Post ID: @OP+1diAi1kz

Employee Appreciation equals relocation?

Remember when October was employee appreciation week at Fiserv. And we use to get gifts and shirts. This October for employee appreciation we get to relocate or lose our jobs. I think that sums up what kinda company this is now. Nicely played, I... — read more 

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| 2060 views | | 6 replies (last October 13, 2021)
Post ID: @OP+1dhwGnAC

No news in DC

I am remote on the west coast in Digital Channels and haven't heard a peep about relocation. Any idea when I should expect the other shoe to drop?

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| 1700 views | | 5 replies (last October 13, 2021)
Post ID: @OP+1dhnBDce

Getting rid of ETSD?

Heard a rumor they are getting rid of the entire service desk and half the incident managers. Anyone know if this is true? The IMs were already overworked as it was..

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| 1610 views | | 5 replies (last October 13, 2021)
Post ID: @OP+1dhWTMen

It's sad what Fiserv's turned into

Are you more frustrated with Fiserv as it is today, or are you more sad that this is not the same company it used to be in the sense that it used to be really nice to work here? I often wonder where it all went downhill and whether it had to be... — read more 

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| 2040 views | | 7 replies (last October 12, 2021)
Post ID: @OP+1dgpO0Jw

Stock Continues to Decline

Where are the OFD hacks now? The stock continues to tank. Today it’s down $4.15!!! Frank and Guy are failures. When will the BOD step in and stop this disaster?!?!

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| 1710 views | | 4 replies (last October 12, 2021)
Post ID: @OP+1dgdnfax

Lincoln longevity

Whenever Frank is asked to list out the go-forward locations, he mentions Omaha but not Lincoln. I think it's safe to say that Lincoln's remaining buildings will be sold off, in favor of having everyone commute to Omaha. Except that nobody wants to... — read more 

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| 2150 views | | 7 replies (last October 15, 2021)
Post ID: @OP+1dgrqlYl

Left a month ago

Just wanted to come here and comment on how much lighter I feel, how much my mental health has improved since leaving and thanks to everyone to gave me advice on here and gave me the push to get out. If you're contemplating leaving, please do it, for... — read more 

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| 1700 views | | 8 replies (last October 13, 2021)
Post ID: @OP+1dguWNBN

"Seven go forward locations"

I've seen a few comments on here about Fiserv having "seven go forward locations." Was this announced or just a rumor? Other than the obvious New Jersey location, what would these locations be?

RTO d-mb question

Who exactly is complaining about RTO? People that were in the office before covid or people that have always been WFH? IMO if we were happy in the office in say December of 2019, then covid closed the offices and everyone WFH, and now they open the... — read more 

RTO Targets

Can anyone tell me why I’m being targeted to return to office, but a coworker that does the same exact job as me, AND lives in a city with a Fiserv office, is still considered remote? I feel like I’m being discriminated against, since there is no... — read more 

Change management

I can’t even imagine the amount of excels required to pull this donkey circus off. Fascinated to watch these clowns move families around the country while the stock plummets. But to be fair, Frank and Guy will bank many millions. Make the decision... — read more 

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| 1933 views | | 2 replies (last October 11, 2021)
Post ID: @OP+1ddH6mdE

Whom did they offer relocation to?

That is, which teams? Unfortunately they did not offer it to me and I am very sorry about that because I would refuse, get the package and finally leave Fiserv.

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| 2140 views | | 7 replies (last October 12, 2021)
Post ID: @OP+1dd0BbeU

Observation on Frank

I was in only one meeting with Frank speaking directly to an internal group of employees. Did you ever notice how he behaves/acts sleepy. I attributed it to being not interested in what he was saying, more words, self-centered, than motivation to the... — read more 

Fiserv is now Frankserv

I’m totally disgusted at how this new management team has zero regard for the people who helped build this company. Those salaries management gets are due to employees blood, sweat and tears. As if that’s not enough, add insult to injury, they... — read more 

Accurate info and anecdotes re: Relocation RIF

Can people use this thread to post accurate information/answers to questions in as much detail as possible. No ranting. No hyperbole. A lot of us have to navigate this. What are the details of your 'offer' to move? When do you have to say yes/no... — read more 

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| 3320 views | | 12 replies (last October 12, 2021)
Post ID: @OP+1ddbXEDy

They will do anything not to give a package

It’s amazing to me how Fiserv manages to find so many ways to get rid of employees without giving them packages. My colleagues started looking for new jobs in panic, because they hoped to at least get the package when they are shown the door, but... — read more 

This is an attack on older employees

Employees who are older and have been here for a while have higher salaries. Instead of laying them off and paying all of them hefty severance in the process, they've decided to force RTO on us. A good number of older employees is worried enough... — read more 

Both ways

You can’t have it both ways. If I have to work from the office full time, I am not going to work from home any longer. Trust me Guy, you’re losing about 10-15 hours a week on that deal

It's a sad state we are in...

It is a sad state we are in these days here at Fiserv. Disheartening for us long term employees. Yes, the acquisition of First Data has caused much consternation but losing teams of people is painfully discouraging. Outstanding, smart, ethical... — read more 

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| 2560 views | | 3 replies (last October 10, 2021)
Post ID: @OP+1dcnQ7LF

Just when I thought they could not get any lower

The good news is I found a new job and this morning I put in my 2 week notice. My manager called a “transition” meeting at 4:30 today and let me go with no pay for the final two weeks. Unbelievable. This OFD leadership cannot handle independent... — read more 

Too bad.............

Too bad that there isn't SOME way to notify all or most of our clients to let them know how many people will be leaving the company due to this RTO mandate. Not that FB would change his tune but clients would at least given a heads-up that... — read more 

Last Attempt

In reading many of the posts it seems a last desperate attempt from the perpetual work from home crowd to persuade someone/anyone that they can/will continue to work from home. Sorry game over!

Irrational decisions

Has this become a company of irrational decisions? Moving jobs to New Jersey is not the only such decision of our leadership, unfortunately. We no longer see moves that I would say are rational, well thought out and that will bring some benefit to... — read more 

Sad but true

Take of the tape… The original Fiserv businesses are not stellar performers (people are good). The original First Data businesses are performing very well. Maybe Jeff knew what he was doing after all.

Fiserv, dat you?

A Japanese company and a North American company decided to have a canoe race on the St. Lawrence River. Both teams practiced long and hard to reach their peak performance before the race. On the big day, the Japanese won by a mile. The North... — read more 

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