Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

Health coverage

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?

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| 770 views | | 5 replies (last November 26, 2024)
Post ID: @OP+1vGaf5Yc

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

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| 960 views | | 4 replies (last November 26, 2024)
Post ID: @OP+1vGownyY

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.

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| 780 views | | 2 replies (last November 26, 2024)
Post ID: @OP+1vFb7PVC

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?

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| 1490 views | | 8 replies (last November 26, 2024)
Post ID: @OP+1vFugSw3

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 

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| 1310 views | | 3 replies (last November 25, 2024)
Post ID: @OP+1vDm26rQ

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.

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| 880 views | | 2 replies (last November 23, 2024)
Post ID: @OP+1vDDTgC3

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 

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| 1270 views | | 9 replies (last November 24, 2024)
Post ID: @OP+1vCd3oXU

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.

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| 1060 views | | 3 replies (last November 23, 2024)
Post ID: @OP+1vCPiOT2

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.

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| 1030 views | | 5 replies (last November 23, 2024)
Post ID: @OP+1vC13lhk

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 

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| 1280 views | | 5 replies (last November 25, 2024)
Post ID: @OP+1vC32HwI

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.

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| 1560 views | | 8 replies (last November 25, 2024)
Post ID: @OP+1vCsX6E9

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 

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| 1510 views | | 4 replies (last November 22, 2024)
Post ID: @OP+1vB5uccx

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.

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| 1280 views | | 6 replies (last November 22, 2024)
Post ID: @OP+1vB4HYbe

Merit increase

I am interested to see how much Frank’s merit increase will be this year.

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| 1280 views | | 6 replies (last November 22, 2024)
Post ID: @OP+1vBXeFwU

Other opportunities

What other companies are people applying to that provides remote work?

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| 1060 views | | 4 replies (last November 21, 2024)
Post ID: @OP+1vBAQzC5

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 

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| 1920 views | | 8 replies (last November 21, 2024)
Post ID: @OP+1vB5vn2g

@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 

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| 1630 views | | 9 replies (last November 22, 2024)
Post ID: @OP+1vB8r3sy

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 

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| 970 views | | 2 replies (last November 21, 2024)
Post ID: @OP+1vBKTOcp

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.

Frank looks soo tired

Looks like the energy was su-ked out of him at the latest locker room. How inspiring!

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| 850 views | | 2 replies (last November 22, 2024)
Post ID: @OP+1vAVNGAy

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.

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| 1230 views | | 9 replies (last November 22, 2024)
Post ID: @OP+1vAArR6g

Fiserv

Got laid off yesterday with 3 other members of my team, 2 were done in April (that was a secret layoff).

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| 600 views | | no replies yet
Post ID: @OP+1vAF06QH

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 

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| 1210 views | | 3 replies (last November 20, 2024)
Post ID: @OP+1vANGDlQ

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 

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| 1750 views | | 4 replies (last November 26, 2024)
Post ID: @OP+1vAL54w1

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