Lots of insider selling and the stock is down to $106. About time to realize some more synergies
Morgan Stanley Requiring Vaccinations and Return to Office
Fiserv will follow suit shortly, announcing that all employees will be required to be vaccinated and return to the office in September. If you haven't returned by the end of October you'll be let go, sorry not sorry! This does not apply to executives... — read more
Great news!!!
Your Milwaukee Bucks are going to win the NBA title !!!!!
CEO is overpaid and Organization is so Top Heavy!
This interesting article is about Jeff but if you review Frank's compensation history he is actually worse! He has no problem robbing employees of their benefits while adding more executives who are paid disgusting amounts. If you are laying off... — read more
FISV Under Pressure Due To Weak Fundamental Momentum
https://marketingsentinel.com/2021/07/14/fiserv-inc-nasdaq-fisv-is-under-pressure-due-to-weak-fundamental-momentum/ (This excludes Frank's momentum towards ripping off everyone in sight. That momentum is still perfectly strong.)
No flex
Informed yesterday my team are to return five days a week in office with no flex, senior management also are saying double vaxxed in the office will return but unvaxxed will not. (EMEA) The 'flex' they have allowed is if we have an emergency, and... — read more
Employee monitoring and blocked websites
I'd love an honest answer to this. Are all the computers here monitored or is that just my group? We have software called "buddy" which is being rolled out to all machines. Also all our network traffic goes through a proxy which blocks a lot of... — read more
Looking up
Things are looking up greatly in electronic payments since fiserv dumped their weak leadership on defi solutions. Lot of hair dye and bedazzledness now gone
Constantly overworked
How long will they continue adding more work to our plate? I'm not sure how much more I'll be able to take.
No exit interview....? not shocked.
I'm leaving, and no one wants to get any tribal knowledge out of me? No one wants to pick my brain for 6 years worth of insight? Sigh... sadge. Not even an attempt to find out what skills are walking out the door? Its not that Fiserv doesn't... — read more
HR trying to maximize rate of attrition
Let's face it, the only reason HR is pushing to end WFH is so they can drive up the rate of attrition. They know nobody wants to come back into the stuffy buildings with broken air circulators and have to wear masks for hours on end, while not... — read more
We need more younger employees
There are still too many older employees who are set in their ways and refuse to change with the times. This is slowing down our progress - we need to be able to exchange ideas and innovate properly if we're to survive this competitive market. Older... — read more
Fintech Giant Fiserv Used Unclaimed Domain
Ha ha! "If you sell Web-based software for a living and ship code that references an unregistered domain name, you are asking for trouble. But when the same mistake is made by a Fortune 500 company, the results can range from costly to disastrous... — read more
Went as far as I could
I joined fisv with the mindset that I only have one shot at having a fulfilling career. My plan was and remained to improve on my skills and advance as far as I could before moving on. I don’t want to look back 5 years from now and have the regrets... — read more
BU sell-off imminent
Hearing murmurings of one or two BUs being prepped for a sell-off. I honestly hope my BU is one of them so I can get some real leadership.
Whats happening to the non-vaxxed?
Has anyone had a legitimate talk with their manager on what they are going to do if people refuse to show their passport or get the vaccine? Or, is this their excuse to have a layoff and make themselves look better in-front of the investors and other... — read more
I see
Fiserv is hiring > $500k executives and creating positions for them. How does that feel
Only bare minimum
Do you work the bare minimum or do you try to keep the job by working hard? I used to feel sorry for those who have not learned any lesson from the layoffs so far, and that is that hard work here means nothing. Some people still try and give 100... — read more
Why
Is the stock dropping so bad
Competitors are outpacing Fiserv
How much better are the main competitors now? Unfortunately, it seems to me that competitors are outpacing Fiserv more and more. Some of my former colleagues even joined the competition.
Losing people is the point?
It’s someone’s comment that I like a lot. And yes, I think the essence of everything they want is to get rid of employees very easily, to make them leave on their own. How many people do you know who have left lately? I know too many of them, as well... — read more
Give Employees A Choice
This is a plea to our HR partners since there is no way to share feedback directly at work without the fear of it coming back to haunt you later. Please give us employees a choice to return to the office on our own terms vs. being forced. Many... — read more
HR to tamper with time off policy?
This could just be a rumor - but I heard HR is thinking about targeting the R&R policy next on their cost savings list. I can't say it is much of a surprise given they have already tampered with the 401K and benefits. R&R seems like the next logical... — read more
Back to the office
Been told we are going back to office, in EMEA, and flexibility isn't really an option, after working from home for a year and a half I really like it tbh Just feels like such a slap in the face after the leadership and managers have been saving... — read more
Insiders Jumping Ship With FISV? NASDAQ Expert Says So:
https://www.nasdaq.com/articles/this-insider-has-just-sold-shares-in-fiserv-inc.-nasdaq%3Afisv-2021-06-24 Money quote: " An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't... — read more
Pittsburgh office
When is the Pittsburgh office reopening? Timetable on supervisors and employees for return from WFH? Anyone hear anything lately?
Fiserv rebrands as First Data
Guy got his old job back. The head of legal (new CAO) is the former First Data guy. Let's admit it Fiserv is gone. The only thing left is the name, maybe a few business units. Guy is 60, Frank is 61. They have made millions why don't they retire?... — read more
Pink Slips
I've noticed a handful of pink slips going out this week. It looks like Fiserv is doing is annual cutting to cover the merit increase.
Disgruntled OFS layoffs?
Maybe leadership will track down all of the disgruntled OFS posters and let them go. The company performance would increase without all that cruft.
Merit Increases?
Anyone hearing from their managers about the promised merit increases in July? I asked a few weeks ago and was told they were still under review. I'm beginning to think they weren't approved and we are getting burnt.
Accolades keep poring in! Forbes names Fiserv Best Employer for Diversity!
Fiserv named a VETS Indexes 5 star employer! Also this week we were named a CIVIC 50 most community minded company. Congratulations team!
Fiserv crumbling into oblivion
It is heartbreaking watching this once-great company violently implode at the seams and descend into irrelevance due to tyrannical and incompetent leadership. Employee benefits continue to be tampered with and degrade over time The e-mail... — read more
The good days (ITI)
Anyone remember the good days at pre-Fiserv ITI in Lincoln? They used to pull you aside and give you a raise or bonus on the spot for putting in extra work over a weekend. They had their own private jet and pilots. Leadership cared about their... — read more
SICK and TIRED of the outages
We've tried voicing our concerns via support cases/emails but lately we feel we're being fed canned responses. We have customers who cannot even reliably USE your products because of constant SQL server issues and rollbacks. Please get your act... — read more
Wall Street
Knows something you don’t realize. The market is efficient and it’s telling you fiserv is in trouble. There are 2 choices, grow out of this or cut out of this. We’ll see which way it goes
How to meet business goals with fewer and fewer people?
I don’t know how they plan to meet their goals with fewer and fewer people. No one is overly interested in working here anymore and people are leaving. Recently, 2 colleagues left and yesterday another. The conditions are becoming really unbearable... — read more
Layoffs in June
What's the deal with June layoffs? Is it happening or not?
Can employee dissatisfaction expressed through surveys change anything?
Cost cutting hurts employees. Late merit, they will even get 2% this year, reduced 401k, reduced stock purchase discount, medical expenses increasing and taking away employee cell phones. How much do you want to bet travel, training and conferences... — read more
FISV stock downgraded to 'hold'
Ouch. It will be interesting to see how HR unpacks this one for us. They will no doubt frantically blast out more "VROOM VROOM! Start your engines!" emails as the company violently implodes and goes up in flames.