Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

I feel trapped here

I made a huge mistake of locking myself into a position (let me rephrase that, of letting them lock me into a position) that is basically the end of my career. If I were to change jobs, I'd have to go for an entry-level position whatever I'd decide... — read more 

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| 1226 views | | 7 replies (last September 5, 2024)
Post ID: @OP+1uj48nmS

Sudden "retirements"

So all of a sudden there is rash or "retirements" being announced. This was a trend earlier in the year as well, from a few people that were a bit young to be retiring. As if we were not losing enough people to wanting to just get out, it appears... — read more 

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| 2008 views | | 9 replies (last September 4, 2024)
Post ID: @OP+1ugaTbic

What’s going on with the cores

Heard there is a big reorg happening in DNA and Signature and RTO will be forced again in September? Anyone know what is happening?

Deon and Frank. One in the same.

Did you know that Deion Sanders, the Colorado Buffaloes head coach, has been accused of bullying behavior on multiple occasions? Since Frank likes to associate with and pays an accused "bully" to "motivate" his workforce, does this mean that Frank... — read more 

A New Low....

Fiserv has always been good at presenting/propaganda...and its recent 40 year birthday video on LinkedIn is no exception. If you want to know what type of leadership team you are working for.....just note that one of the first things mentioned in... — read more 

Layoff for Cheater Workers......

Cheaper is not always better. Cheaper workers lead to more profitable downtime impacting profits...consolidated high paid workers that understand business logic and profitability would be better...it has literally become a s#$# show. My opinions are... — read more 

Form a Union....

Global Union is the number 1 for IT. Google and Alphabet workers have have just join forces...

Let The Chaos Begin

Well the change to regional RM coverage is under way and its as chaotic as one might have expected. And in several cases its not even regional to where an RM lives, as it was originally pitched. It is a free for all with opportunities, the original... — read more 

Did something happen last week?

Was something communicated widely to US based associates last week that I missed? I’ve seen multiple US based fiserv associates post on LinkedIn that they are looking for a new role but are still employed at fiserv, all of the posts 1 week old. It... — read more 

Only measure of performance

Pretty sad Fiserv in that your only measure of performance is... Sapience Number of days in the office (for those who have an office to go to) Number of hours spent in the office Fall below the thresholds set by those who have no idea what... — read more 

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| 1520 views | | 11 replies (last August 21, 2024)
Post ID: @OP+1u6eaGkG

Shilly

Whatever happened to Ride the cricket Shilly? Oh the irony if he was riffed!

It’s been quiet

So they got us down to a skeleton crew, and now it’s just individuals getting hit and not backfilling when anyone leaves?

Computer Issues

This week my computer has been incredibly slow, even more so than normal. For reference takes over an hour to restart and can’t get any applications to open. Others on my team have the same issues, can’t get any work done. Anyone know what is causing... — read more 

Unlimited Time Off

How much time are you really being allowed? In my team it's basically forbidden to go over 33 days. I hate this heavy tracking for something that's supposed to be "unlimited." Wanted to know what others are experiencing.

Forum Registration numbers down

The clients are talking with their wallets and they don't feel we are worth the trip to Vegas. Considering they opened registration way earlier this year, they are trending behind last year and way behind the stated goal of 3200 for this year. Today... — read more 

Frank latest debacle - Regionalization

ok Frank time for some straight talk from a respected sales leader. Your plan for regionalization is a bad solution looking for a problem and your latest self inflicted destruction of our company. Unfortunately none of your direct reports has the... — read more 

FIG layoffs?

With SK taking over as CIO and the massive reorg within FIG recently announced, it sounds like something big might be coming. Anyone in FIG have any knowledge of coming layoffs?

Daily Pipeline Calls

We are reaching peak insanity. Our team manager is having 2 different calls, daily, related to pipeline management. There have been a few posts recently about no long term strategy and when you move to daily calls for pipelines, the ship is going... — read more 

Offshore Managing

Why can’t India employees be managed by someone in the US? My counterpart in India does not have to do half the work I am required to do and we have the same role but we are managed by two different people because of them being in India. How is... — read more 

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| 1650 views | | 5 replies (last September 26, 2024)
Post ID: @OP+1tTuTcBi

What is the plan?

Reduce headcount with AI strategy. Move non-AI compatible IT jobs to India. Reduce real estate footprint by consolidating data centers and eliminating duplicative platforms. You won’t find words like develop, retain, or grow. Why do you still work... — read more 

Raise your hands

Raise your hands if you want to work here another 5 years, says the c-suite guy at Berkeley heights 40/5 event. Response: some raising of hands and crickets

Fiserv office visits

Any reason why one of the higher ups from GBS credit/risk is at Coral today?

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| 1480 views | | 7 replies (last September 26, 2024)
Post ID: @OP+1tLRdEan

Bye bye Datacenters.

Beware all Fiserv datacenter employees. Fiserv is shifting their data centers to a company called UFS. It’s going to start with the Brookfield DC, and will spread to others once complete.

Those who were laid off are the lucky ones

I'm betting you that all of them have new jobs by now in better companies and are much happier than they were here. Meanwhile, we're stuck here slowly sinking on this Titanic as things keep getting worse and worse in every possible way. I envy every... — read more 

Don’t pick up work after others

Why should any of us do that? Is there objective reason, any benefit, any extra pay? They’ll try to pit us against each other, just pretending that work performance will be a criteria during the next round of layoffs. As if being a dedicated high... — read more 

Misery

Our new corporate mantra.

Tired

Tired of hearing how great the company is doing while being told we need to do more with less people and not get paid for it. If you are lucky enough to get a bonus it’s usually mostly stock rolled out over 3 years. I’m not gaining from this double... — read more 

Why 5?

no one cares about 5. you know how many other businesses Fiserv swallowed up because they operated better than others? FirstData was not a merger. We bought them. We could because they had a giant security failure and their name was sullied. Sure FB... — read more 

1B feee cash 1.5B share repurchase

Tell me you care about your own stock portfolio and not employees without telling me. Yes employees are stock holders too but not the same percentage/ratio. How much good could 10% of that done for our distressed employees.

Core consolidation?

A client forwarded an email sent by an consultant that reads "Paladin has learned that Fiserv has definitive plans to consolidate all Fiserv Premier, Precision and Cleartouch clients onto a single (unnamed) platform in the next 18 – 24 months - don't... — read more 

Confidence job responsibilities capture

Who else thinks that the FIG confidence-based task of capturing our job responsibilities and tasks is really just insurance for fiserv so when they have mass layoffs later this year at some point they won’t be completely dead in the water. And the... — read more 

Crowdstrike/Y2k

Today’s events reminded me that during the Y2K frenzy, First Data basically patched all their date fields so that 2049 would essentially be the new 2000. The term “pivot year” was used to define the patch. Well, we’re half- to the pivot year and no... — read more 

This is how Fiserv leadership thinks

As long as these layoffs continue, Fiserv will be down to one last employee. Since all employees will all be in the same location, that employee will have infinite productivity! Somehow that is how this work. Now I will pat my self on the back for... — read more 

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