When a layoff happens, what’s the best move to keep medical coverage? Is it to go with COBRA, explore marketplace options, or check Medicaid eligibility? What’s the most affordable and practical option while between jobs?
Analyst Program
If you’re in the analyst program, good luck. I am hearing they won’t be extending offers post-program and very likely you’ll be cut before you finish your second rotation. what happened to this place
Are all full-time Remotes ultimately doomed??!
Wondering if all full-time remotes are ultimately doomed??! A Remote online colleague of mine (who over the years I’ve been here has become a friend) also works at Fiserv but in another division, and in the UK (London). He was MADE Fully Remote, BY... — read more
I feel for everyone affected
So rumors about this week were true. Good luck to those who were laid off and to us who are still here. Keep in mind the real human cost of layoffs and be supportive of each other.
Laying people off on Thanksgiving week
This is a new low even for Fiserv. What's next? A day before Christmas?
Layoff Today
Ugh here we go again. Stay safe
I'm still in shock from being laid off
I'm still trying to wrap my head around it and failing. I was a top performer. I was naive to think that mattered.
This company needs to collapse
So we get an email from the ruthless Australian HR director saying disciplinary action will be taken if we aren’t in office 5 days? Seriously? The policy says otherwise. She should get lost. Anyone else feel this pressure?
What’s the verdict on next week?
There was a rumor that there will be more layoffs, with this round ending on Wednesday. Any updates on that?
You Know It’s Bad When
Your supervisor requests the team of skilled staff to schedule an appointment with another person on the broader team who has a different job role to watch you perform work. Either this individual does not have much on their plate and needs to... — read more
They destroyed my team with layoffs
We lost people in every single round for the last several years. There are so few of us left that I don't plan to stick around and see what's going to happen with us.
Attendance Expectations
I don't know if this applies to all BUs (business units), however this was sent out internally in one of our units teams this week in GBS. They are tracking attendance and Sapience data to make these assumptions for expectations: ATTENDANCE... — read more
Young folks should look for greener pastures
I'm too old to leave, but you have so many options. Don't waste your talent at Fiserv. This place will grind down your ambition and toss your career to the curb, and then lay you off without a second thought. If you’ve got big dreams, take them... — read more
Pay Cut for Bonus Employees
The latest is a pay cut for employees eligible for a bonus. Mandatory 9 hours in office daily. Simple grade school math show that this is a pay cut for many employees. Cowardly way of forcing people to quit to avoid any severance at all.
And now the crunch starts
Same workload, less people, and some roles completely missing. It makes you wonder if you would be better off if you were laid off.
This should have been the kick in the pants you needed
If after the latest round you haven't started looking for a new job, then you deserver anything that's coming down the line - none of which will be good. More work, fewer bennies, lower pay, more layoffs...that is the new Fiserv normal. Every single... — read more
Will the company ever collapse?
Will this company ever go bust? Will frank ever be asked to step down?
Grade level and salary of impacted
Those of you impacted. What were your grade level and approximate salary? With the survivors expected to pick up the extra workload, need to know if we are also severely underpaid and need to ask for an adjustment increase.
My team lost valuable members, again
I guess only the cost of an employee was the criteria for layoffs. In the vast majority of cases that meant people with the most experience, best skills and results, were targeted. There surely must be the point when depleting the company of people... — read more
Organizing a better workplace - chat.unionizefiserv.org
I'm starting a new unionization campaign. I'm still working on getting the website setup, it isn't quite ready yet, however I have set up a chat server (very similar to slack) to start organizing. I'd recommend against using your real name for now... — read more
Can legal action be taken? Why you?
Why were you selected? Where you on any performance improvement plans? Was your entire department eliminated or were you 1 of few chosen? Did you have any HR incidents? Manager didn't like you there's more questions than answers.
Merit increase
I am interested to see how much Frank’s merit increase will be this year.
Other opportunities
What other companies are people applying to that provides remote work?
Fiserv needs to modernize to a Product / UX centric model
The focus is on short-term quick wins - over sell to get the client & then the client funds the solution (that they’ve been told already exists). And then technology teams struggle to deliver, because Fiserv is a bunch of acquisitions, that were... — read more
How many slackers are left on your team?
Knowing Fiserv's MO, hardworking employees are gone and slackers are still here. Am I wrong?
I don't feel like it's over
I thought I'd feel some great relief once Wednesday was done, but I don't. There's still a knot in my stomach and a pressure in my chest and I still can't sleep. I can't trust anybody who says it's over because we've been burnt so many times. I know... — read more
@Confirmed_Souces_Say
Do you even work here or are you just naive. Layoff was not performance based just like pay/merit is not. Zero reward for performance so why would lay offs be based on performance. When VP level managers don't even get a chance to help guide these... — read more
What departments and years of service were impacted?
If you or someone in your department were RIF'd, what department were you in? Also, how many years had those who were let go with Fiserv? Any close to retirement?
When NOzT to sign your severance package
you intend to sue your employer after your termination The severance package is not sufficient, you do not have legal representation, it would unduly restrict your professional future, and you do not fully understand the agreement. — read more
Layoffs will continue next week?
Is this true? Through next Wednesday, I'm hearing. Since I looked two hours ago it's gone from 731 to 736 fired in the US. Sorry to bear bad news but you're not safe yet. Good luck to everyone.
LAY OFF ENDED?????????????????????????????????????????????????????
Have the layoffs concluded for now, or are they expected to continue throughout the rest of the week?
Frank looks soo tired
Looks like the energy was su-ked out of him at the latest locker room. How inspiring!
Locker Room
Remember, about 7% of our fellow staff have been let go in the last 48hrs. The week before Thanksgiving, and the month before Christmas. But Frank thought it important to spend $150k-$200k to bring Michael Phelps in to talk. Nearly half a million... — read more
Gross
The amount wasted on Deion and Phelps could have saved at least 3 jobs. Disgusting.
Fiserv
Got laid off yesterday with 3 other members of my team, 2 were done in April (that was a secret layoff).
The Leader
The guy at the top is the problem. He comes from an era in the banking industry when pens were on chains and executives believed that all tellers stole money from the drawer. The distrust of employees was engrained in their thinking and probably... — read more
I am from VISA INC. but we are sailing same boat as you guys!
Looks like FISERV is worst than i thought. Visa is no better. If it makes things a little better, visa is paying 1year=1week severance! I can't beleive that. I guess FRANK and RYAN are siblings. They can shut the fintech and start a sla-ghter house! — read more
Recently Impacted in a Downsizing Event
As a newer associate, the environment at Fiserv is toxic and abusive. Hundreds of people on leaves mostly due to stress from the bullying. Always feeling threatened and live silently in fear of the layoffs. Those who have been around a long time... — read more