Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

Banking 2024

If banking were fo be sold, who are the potential buyers?

Which is better

Option 1 - 12 year associate with a vast amount of knowledge located remotely making 60k a year and working with other team members via teams? Option 2 - brand new associate who knows nothing located in Berkeley Heights making 95k a year and working... — read more 

Newsflash: Nothing makes sense!

So many posts/comments about: How can they…? Don’t they know…? What about…? Haven’t they considered…? Nothing makes sense but there is obviously a playbook the C-level leadership is following. They just aren’t being honest or transparent about what... — read more 

Making the news...

More information in this article about severance than what we are being told form management. Not sure if it's true or just to spin the news in a more positive way. https://www.siouxfalls.business/fiserv-discontinues-operations-in-sioux-falls/

Tested positive for Covid? Yes you need to be in office

3 or 4 people are covid positive and were told that they were still report to office and requested to not tell anyone. Certain men requested to be in a conference room working so that they did not expose others and were told they must be "in seat... — read more 

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| 3170 views | | 24 replies (last October 20, 2023)
Post ID: @OP+1p3v5vmS

All Hands meeting Q&A

At the end of the call today, someone in an office asked a question that we’ve all been wondering. Why in the world would we stand to lose 100 years worth of knowledge simply to get people in an office? Best question of the day, It doesn’t make... — read more 

Frank isn't loyal!

loses HP after a decade, why? Doesn't care about his own people - sees them as disposable. Only cares about himself not the best for Fiserv, if he did her would retire. Frank it is time, you've outstayed your welcome!

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| 1320 views | | 4 replies (last October 11, 2023)
Post ID: @OP+1p2hchzp

We need technical resources!

All of our technical resources are either gone or about to be gone and quiet quitting due to RTO or completely overwhelmed. How is a tech company going to survive with no technical folks? Sales and relationship employees are just that sales and... — read more 

50 and over

How many are over 50 being laid off? Like for poll.

Frankly my dear

You think Frank gives a damn https://www.msn.com/en-us/news/crime/this-is-the-most-dangerous-city-in-wisconsin/ar-AA1hWYgJ?ocid=entnewsntp&cvid=0a29465a7d01403a9814bddabf9117c1&ei=8

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| 794 views | | no replies yet
Post ID: @OP+1p1gaUeg

Circling the drain?

Himanshu Patel, Frank's right hand man through the thick of it, is leaving. He knows Frank will never get out of the way and let him lead. Now we get shi* for brains Gibbons. Could Frank possibly make worse decisions?

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| 2170 views | | 5 replies (last October 10, 2023)
Post ID: @OP+1p14tKmt

Franks selfish plan revealed.

Run off all successors to Board has tom keep him. Take a look: Devin McGranahan ran off now CEO at Western Union. Byron Viehelr ran off now COO at Apollo. Todd Horvath ran off now President at Equifax Himanshu Patel ran off new CEO at... — read more 

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| 2540 views | | 3 replies (last October 10, 2023)
Post ID: @OP+1p1XLaGz

My Lincoln “Experience”

Free airfare 2 to 3 days off from work College town Any one with one brain cell left will decline. I can’t see any life in Lincoln after Fiserv, I will not be stuck with a new house at the top of the market and an 8% mortgage rate, when... — read more 

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| 1784 views | | 3 replies (last October 11, 2023)
Post ID: @OP+1p0KDR5k

Friendly reminder

After leaving Fiserv, you may probably go back in memory lane and look at all your wonderful times you spent at Fiserv, then quickly you move on and you will be very happy. The folks who may be are uprooting their families to Lincoln or HB, may be... — read more 

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| 1350 views | | 5 replies (last October 10, 2023)
Post ID: @OP+1p0coyrq

Jeff Y 127 --- Frank B 114

Frank for all your bluster about growing up on Wall Street and working for Sandy and Jamie your performance is embarrassing. Lets see in your time as CEO, you've actually destroyed about $8 Billion in Market Cap. A real Board would of fired you a... — read more 

Lincoln Experience in Nov

Going on the Lincoln experience in November, what it is like. I hope it is not like time share sales pressure. Any relo seems to be disguised as a 2 year loan

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| 1670 views | | 9 replies (last October 9, 2023)
Post ID: @OP+1oZtIoze

Saying goodbye

24 years of hard work and loyalty to this company thrown away for a tax break. Good luck to all of you. Better days are coming.

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| 2020 views | | 5 replies (last October 10, 2023)
Post ID: @OP+1oXOu3wR

History of KKR

When passing judgment on FB and his crew, dig into Kohlberg, Kravis Roberts to see what they generally do to buyout firms. Add in a ton of debt to finance, use junk bonds to finance that debt and destroy the firm. Just was down in NJ and the old... — read more 

Will Hagerstown close?

When I started at OFD the Hagerstown site was a hub with three buildings and well over 2000 employees. Now we're pretty much down to one building maybe 800 or less in office (call center jobs are at home) and now called a "strategic location"... — read more 

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| 2510 views | | 8 replies (last October 12, 2023)
Post ID: @OP+1oXT9lTi

I think it's funny we all forgot

Remember when Fiserv has to pay a 40 million dollar settlement because Frank's ethics have always been questionable? That was May 2020 when the first rounds of layoffs began. Good to know he got a 6% raise this year.

11/20 60 Day Noice Date

Layoffs could begin the week of Thanksgiving since this is when 60 Day notice for layoffs to begin. Mass meetings were held on September 13th.

International customer service week

What an absolute joke. While I understand what Fiserv is trying to do. They haven't done the work to prove that they actually care about any team. I don't know about you but I'm so tired of hearing about client experiences or client happiness. Nobody... — read more 

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| 1500 views | | 5 replies (last October 6, 2023)
Post ID: @OP+1oV2utJr

FB’s net worth

The estimated net worth of FB is at least $589 Million dollars as of 2023-09-17. He owns about 2,539,727 shares of Fiserv Inc (FI) stock worth over $307 Million. I see many non sense posts. If you really want him to be impacted, hit him in the... — read more 

Stock price??

What in the world has happened in the last month? Earnings should be good for Q3 thanks to all the cost cutting and burning folks out.....reading about the stock hitting $150+ seems a pipe dream....

Don’t undervalue yourself

There have been many people who have given a great deal to make Fiserv the company it is today. I personally was working 12, 14, or more hours a day including weekends. Many times we worked 24 to 36 hour. I ended up getting pneumonia 3 times a year... — read more 

RIF Packages?

Does anyone know what the RIF Package includes, have heard two different things. It is something I am considering due to the RTO requirement.

Family First

I am afraid most of you are wrong. LinkedIn post says Fiserv is family first

Who is next?

TH wisely left, KF, GS, then HC. How long before MG leaves or they make him gone? Bank side is in serious trouble.

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| 1920 views | | 6 replies (last October 22, 2023)
Post ID: @OP+1oUpcFHV

Loud Quitting

This is the new trend https://www.businessinsider.com/loud-quitting-job-rto-policy-bad-company-culture-2023-10?amp

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| 1401 views | | 3 replies (last October 10, 2023)
Post ID: @OP+1oUNmEe3

New location

Hearing thru contacts a big investment in a new location. Centrally located with access to top talent. Also a commitment to greater autonomy for associates there. Sounds promising

Budget Deal

The budget deal just signed is the missing piece to send FI shares spiking to $185/share. Return to office and a solid budget process are last 2 dominos.

Hiring

Senior level technical roles are being hired in Ohio. Actually the band is getting back together again. This will be the core payment center of excellence. The Easton office will be ready in Q1.

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