Tommy Boys big joke when Fiserv bought FD was that they were burning furniture to stay warm. Meaning that debt was causing them to cut costs so deeply it was a major burden to operations. Well who’s burning furniture now? Is it possible to right... — read more
"Acquisition"
Merger? Acquisition? A little over a year later and we now know that this was neither. This was an overthrow, this was a coup
Peter Cavicchia and Frank’s Past with Palantir
Some disturbing and eye opening stuff. https://www.bloomberg.com/features/2018-palantir-peter-thiel/
Actions prior to May
Any rumblings on reductions prior to the earnings announcement. Fiserv is going to need to make a big splash
Arizona
Why was one side of the building sent home? Did someone get sick?
Agile coaches
Is there still an investment in agile “coaches”? Literally millions of dollars of shareholder money has been spent leading to budget overruns and the firing of long term associates to cover the gap. Ask about it in your next town hall. And ask why... — read more
Jeff - don't be a gutless coward
Stop hiding behind the Fiserv name! Call the company what it is - First Data
~500 LANIDs disabled on the OFD side last night / this morning.
I have it on good authority that ~500 LANIDs were disabled in the last 24 hours. Not sure of business unit, etc. but that is quite the number. 500 people just lost their jobs in a market that nobody is hiring in.
Book? uh-huh
Jeff is going to have a book written about him alright. It's going to be called "The man who destroyed Fiserv"
CLARITY
Another loathsome time waster is clarity. Anyone else having to do this task brought over by OFD?
Earnings call
Will the earnings call impact layoffs? Meaning do they wait until after to take action to hide those numbers?
Thoughts on the Covid-19 update will from Jeff and Frank last night?
What does this mean for us? What can we expect? How impacted is Fiserv's business by this crisis? Which business units are most affected? So many questions! Feeling pretty in the dark... Can anyone weigh-in on this?
A small note:
As you're being laid off from Fiserv, be certain to double-check and read all of the paperwork thoroughly! They will try to screw you over on your way out, especially by forcing you to shift to arbitration-only and to promise not to sue them for any... — read more
Covid-19 All Hands
Anyone else feel like these weekly Covid-19 All Hands from leadership mirror the daily WH "Press Briefings"? All propaganda and failure to really answer the questions around layoffs and general direction. There's no real sense of comfort to the... — read more
Are we expecting anything today?
What's happening with layoffs? I heard quite a few people were hit yesterday. Is it over or will there be more?
Card services -contractors laid off?
I hear that many contractors have been laid off and some reshuffling happened this week
Proxy Vote
FB And JY will have a negative vote from me, not sure if they can search using my control number and retaliate by terminating..
Salary
Jeff’’s 2019 salary was $27 million. Thanks for the lay-off jackass
Revenue guidance
Jeff is likely regretting upping the revenue guidance alongside the synergy numbers. Synergy will be hit easily by the New York gang. Revenue is going to be a problem Which can only mean more cuts to compensate From the beach and boats in... — read more
Paid
https://www.usatoday.com/story/money/2018/12/21/highest-paid-ceos-2018/38756663/ 2018, a year before the merger
Layoffs on 4/1
This board said more layoffs occurred on 4/1. Any info on what business units? Was electronic payment affected?
Laid off - Card Services -NJ
I was let go on 3/12.
Merger dumbest move for Fiserv? More layoffs ahead
Looking in the rear view mirror, had Fiserv not done this merger (I will not call it an acquisition) they would have been better off. OFD had a ton of debt, global presence and a focus on merchant payments. All bad at the moment. OFS would... — read more
Great news on 401k
Fiserv has delayed moving the vanguard 401k. So if you were fired in February or March you can roll it over wherever you choose
This company is low.
Let’s talk about severance. I was laid off 21 days before my 10 year anniversary with the company. They decided to pay me out only 9 years because I didn’t hit the 10 year mark yet. 21 days!!!!
FISERV board is going to hell
Gee, I have an opinion. Gee, I think that so and so is bad. Gee you make no sense. Gee, I like Fiserv but am worried. Gee Gee....... Nobody posts facts anymore, just c-ap about this and that and I hear from more time about the Malibu house... — read more
Does anyone really think of JY as CEO anymore?
For the last few months I think of FB as the real leader at Fiserv, with JY busy buying drapes that match the color of Malibu's sunsets.
FISERV - Advance your career
On linkedin.com - big advertisement for new hires. Woman says it is her dream job. LOL - how little people really know - ought to research the place first.
Essential Business
Federal Government has indentured Fiserv as an ESSENTIAL BUSINESS. Meaning we must do what we can to show up to work and do our jobs even if a state or local government dictates a stay home edict. ... — read more
Fiserv increasing associated salaries by 25%
Hello Team, I have great news! Fiserv will be increasing the salaries of all hourly associates by 25% for all time worked from 3/16 until 4/30.
On Contract employee
Have not heard any news for this class of vulnerable workers. Any news dear audience?
MOST ADMIRED COMPANY for 2020
Somehow they did it again, and we are only 3 months into 2020 - look at the totality of comments here and OMG is that a farce of a distinction.
Work from home rotation policy
Why company is asking 50% of employees to work from office? This is pandameic situation and management wants thier employees to come to office. This is absolutely risky decision.
Gobble, Gobble
https://biztimes.com/fiserv-acquires-austin-based-enterprise-point-of-sale-management-company/
Learning
Many a "boss" at FD could learn something from this - https://www.youtube.com/watch?v=LrVNTZ6ORm8
Over 40 and got your notice? Be sure to ask for...
Are you over 40 and got laid off? Getting a severance? Under Federal Law the Older Workers Benefit Protection Act (OWBPA), which is a part of the Age Discrimination in Employment Act (ADEA) requires they tell you in writing: The reason you were... — read more
How many total were laid off yesterday?
And was anything other than New Jersey hit?
Dublin office
With the Ohio rule limiting gatherings of more than 100, will the Dublin office be totally remote now