With the Ohio rule limiting gatherings of more than 100, will the Dublin office be totally remote now
Fiserv's CEO Interview
https://www.investors.com/news/management/leaders-and-success/fiserv-ceo-takes-two-hour-vacations/ From the interview: "When all is said and done, my hope is that people will say I made a difference in making their lives better," he said. "As... — read more
Bigger “Synergies” - More Layoffs?
Just reported - “ Now sees $1.2B of run-rate cost synergies, up $300M from its prior target, and run-rate revenue synergies of more than $600M, up $100M from its prior target, both for the five-year period ending in 2024.” So instead of $900... — read more
On postings
We are getting alot of editorial opinions here of late, while valid let's also address true layoff numbers and try to avoid rumors. Enough of those flying about. Just a suggestion.
Fiserv is down 25 points
When is leadership “held accountable”? Because trust me they’ve held people accountable in many similar scenarios over the years
Stock drop
The drop in the stock price will be the excuse fiserv needs to execute a scorched earth policy of staff reductions. Buckle up
Call Centers
Does anyone have any insight into if there will be more call center layoffs?
To those who have gotten severance
Was it just 2 weeks for each year worked or was Cobra included in severance as well?
Sad
This place is quickly becoming a place that I don't want to work at. Sad really to watch what was once a decent company turn to s**t.
Heads will roll next week
be prepared for the 30 minute meeting on your calendar and the check to make sure you will be in the office on that day. if you were force ranked to a meets most then you are done. if you are meets then its going to be coin flip. Next up, remote... — read more
401k news
If your position was eliminated in February or March your 401k will move to Merrill and you’ll need to leave it there or transfer to your provider of choice in mid April. Something to be aware of
I have to believe
I have to believe that JY does not read this website at all. Otherwise, how could you just turn a blind eye towards so many unhappy employees? I mean FB, is a different story altogether as most are well aware of his lack of caring, shady dealings and... — read more
Engagement surveys
Perhaps the biggest fraud at Fiserv is the associate engagement survey. The electronic payments division makes the survey score a determining factor in each associates performance review. Meaning if the associate doesn’t rate management highly, the... — read more
They never built anything.
Think about the track record of Fiserv “leadership”. Fiserv was a middling company until they bought checkfree, the company Pete Kight built. Tom tried to run the payments business for Fiserv but his only talent was trying to dress cool but really... — read more
Consolidated thread: Corona Virus & Fiserv
How do you see things - what will happen next?
97% of companies allow teleworking. Fiserv is aiming for the 3%
The move to remote work has been building in recent years, as technology improves and a hot labor market has put more companies in the mind-set to give workers the flexibility they want. Nearly 70% of employers said they allow people to work from... — read more
Big layoff
Last week GS and GDC had big layoffs. Any updaye on counts?
2,606,307
That's the number if FISV shares directly owned by FB. FB: 2,606,307 shares x $109.36 = roughly $285 million JY: 415,537 shares x $109.36 = roughly $45 million JY has been regularly selling FISV shares each month (2 homes in Malibu ain't... — read more
Most amazing thing
What is the most amazing thing to me is that post after post, whether it's this site or Glassdoor or any other, people are screaming out that FD leadership s—s. People are screaming, this is not working. FD runs over everything and everybody with... — read more
Last Day today at Fiserv!!!!
Turned in my laptop this morning after finding a job with a competing company. The writing was on the wall so I took my own future in my hands. Why board the Titanic if you knew what was going to happen. After watching 2 months of oFD leaders in... — read more
Sapience Activity Logging
Sapience was added to my PC last week, no notification, just started logging my activity. I called my boss to ask what was up and was told it was a surprise to my entire leadership... Which I don't believe. They are using this to decide who... — read more
Layoffs this week
Hearing a large number of layoffs this week hitting the Atlanta and Dublin offices
So
Is it true MW is out of Fiserv and DN is now taking over ETG? Have the quality issues slowed
Rolling
George Dalton is rolling over in his grave right now. What a sham. What a sad situation.
ITSM
Is Fiserv still a strong supporter in the ITSM approach to systematically address quality issues. Is so this likely will be bearing fruit in the not too distant future
Lincoln or Omaha?
With the Georgia consolidation discussion in another thread, anyone heard anything on Nebraska? Fiserv has the Lincoln presence, FD in Omaha. JY met with the governor a month or so ago. Wonder if anything is in the works to consolidate.
It seems
Like while all the intrigue continues and this frank person schools midwestern Jeff the stock price is nose diving. At some point it’s all about the money Some companies believe treat employees right and the stock price follows. Guess we’ll see — read more
Alpharetta or Atlanta?
$900,000,000 in savings needed, and there’s no point of having 2 big buildings 15 miles apart from one another. Fiserv is new but FIrst Data building was a HQ with a lot of people. Which will get shut down?
Has anyone else
Encountered this CIO Drew Newman and wondered what value he adds other than firing people
Recent Post
Looks like they took down a recent post. Truth hurts I suppose.
Layoffs to come
Honestly if you are mid 40’s and older you should be very concerned about the future Workers in that age range are the synergy sweet spot for cost savings. They will not miss numbers 2 quarters in a row
Any news on card service lay-off?
Any update in card services area layoffs? WFH etc people.
Bonus delay
Why are the bonus payments being delayed. Is it to manage Q1 costs or is there a underlying problem
Fiserv Omaha Office Layoffs
Any status on Omaha Office layoffs, Debit Operations or Credit Operation divisions?
Alpharetta Office Invasion?
Anyone see a number of OFD people starting to move into offices at Alpharetta? I've noticed a few and wondering if they are all going to start moving in as original Fiserv get let go.
Rules change - and humor, badly needed here
I am ex-Fiserv and sad to see everything changing for the worse. So this is not too farfetched these days but we have to laugh at the chaos of atit all or go crazy. Sickness. NO EXCUSE . . . we will no longer accept your doctor's statement or... — read more
NO REMOTE WORK!
I know that FB is completely against remote working remotely. After KKR brought him into FD the first thing he did was eliminate those positions and force people into offices. Has this been communicated to all Fiserv staff?
Severance Payment
What is it?