Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

SVB............

Apparently, run by an incompetent CEO. Who's main focus was shared holders instead of the inner workings of banking in general and employees.....sound familiar

Badging Out Required

We got an email that we are now required to badge out at the end of the day, on top of already badging in. In my opinion, this will be a new metric used to excuse any future RIFs and it seems unfair those of us who provide weekend and off-hours... — read more 

Fiserv Enhanced Severance Pay

I received 26 weeks of "severance pay" and also an additional "enhanced severance pay". I realize that I won't be eligible for unemployment for the 26 weeks duration of my severance pay but does the enhanced severance pay extend my unemployment... — read more 

Maintaining a positive work environment

Having a positive work environment is crucial for maintaining productivity, everybody knows this. But when we have layoffs occurring continuously, maintaining a positive atmosphere is impossible. How can we be productive if we always feel insecure... — read more 

KF/LNK rumors

I heard KF is coming to Lincoln soon to commence layoffs -- is there any truth to this?

Visa buying FIS?

Saw a rumor article on LinkedIn. I thought it was interesting with current talk about spinning off WorldPay. I wonder if they looked here too with the rumors of Bank Solutions and EFT being set for sale.

Fiserv discloses 7% drop in workforce

https://www.paymentsdive.com/news/fiserv-headcount-drop-employees-workforce-cuts-payments/643908/ "Fiserv’s global headcount dropped about 7% last year as the company cut 3,000 employees, on a net basis, and shed business units as it strived to... — read more 

Employee appreciation Day

A nice thoughtful and "cheap" email from FB's ghost writer. While heartfelt and meaningful what would be better is if the board decided on our bonuses and merit increases and went to enact them. Now that will be a way to celebrate employee... — read more 

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| 2560 views | | 18 replies (last March 5, 2023)
Post ID: @OP+1lsByi8s

Job hunt

How many job applications do you submit per week when you are actively looking? The question is for the people who are working and hunting for a new job at the same time, not those who have all the time in the world to do whatever they want. It'd... — read more 

Lake Mary

I normally don't like to deal in the world of rumors, but this caught my eye. I've heard from multiple sources Fiserv is looking for office space in Lake Mary. Kind of odd since they just closed the building, laid off a vast majority of the folks... — read more 

Look outside of your comfort zone...

All, as being an outsider, there are many, many, jobs available outside of of fiserve...take a chance and step out! You will be surprised on what the outside has and what it pays!!! Stop working for leadership that could not give a furry rats bu-t... — read more 

Bonus math

In 2019, I received a bonus of which part was in stock (RSUs.) The stock vested in 4 increments - 25% per year over 4 years. The last chunk vested last week, however, I need to hold it for a year otherwise it’s considered a short term capital gain... — read more 

FISERV ANNOUNCES SHARE REPURCHASE AUTHORIZATION

FISERV INC (FISV) - BOARD HAS AUTHORIZED IT TO REPURCHASE 75 MILLION SHARES OF COMPANY'S COMMON STOCK Another gift to the board and its institutional investors while clients and associates eat cake. Good to be king.

EOM layoffs?

Last 2 days of the month, another round coming in the next 2 days? Or will they wait until 3/15?

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| 1821 views | | 1 reply (February 27, 2023)
Post ID: @OP+1loQ9FCb

Good riddance

Left the BH office earlier this month on my terms. Best decision made. I no longer feel stressed on so many levels. Fiserv has poor and lackluster management. They will throw things at you with no proper guidance. Figure it out or drown... — read more 

RSU’s

Make us all part owners and align our interests.

More cuts

Definitely layoffs occurring, can confirm many clover employees let go on Valentine’s Day. Multiple sites. Probably more on the way. Any ideas when this "more" might take place? I wish we could get more info from management but apparently sites... — read more 

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| 2330 views | | 5 replies (last February 25, 2023)
Post ID: @OP+1lkzg1zY

5x/week in office in BH?

I've been hearing rumors that in the next quarter or so we will all be required to be in office 5 times a week in Berkeley Heights. Has anyone else heard something similar? (Not counting PL's org?) I am on 3x/week now.

How big an increase would keep you here?

I don't think the leadership particularly cares about retaining the best employees. However, I am interested in how much raise would motivate you to stay a little longer in this poorly managed company?

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| 1580 views | | 4 replies (last February 23, 2023)
Post ID: @OP+1lj6XxsE

Everyone I know is looking for a new job

It is very obvious that, as long as there is a downturn in jobs, Fiserv will exploit it.. but I think they are not aware of how many people are looking for a more flexible job and intend to leave this place as soon as the opportunity opens up.

Sales Layoffs Coming?

Any news on more Sales Layoffs? Management is begging for business in Q1 and threatening more coming. Super high goals... and new support or products. Is this just the Fiserv way. Bring in new? Has anyone heard more details.

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| 1600 views | | 6 replies (last February 22, 2023)
Post ID: @OP+1liLAYHD

Fur Rank in town this week

Guessing he is trying to shake down more tax breaks or I will take my toys and go somewhere else.

Recognition Gross up

Is our bonus categorized under Recognition Gross up in workday? I hope not.

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| 2010 views | | 3 replies (last February 20, 2023)
Post ID: @OP+1lfXBqhq

The yearly reshuffle coming?

I'm already hearing talks of senior and executive management "moving on." I'm wondering when that fiserv reshuffle dance email will pop in my mailbox. Maybe after the stock gets vested?

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| 2290 views | | 6 replies (last February 23, 2023)
Post ID: @OP+1lek9xqS

Tired and overworked

Advice that we should never allow ourselves to be overworked and burned out is easy to give to someone else. However, what exactly do you do so that you don't end up overworked? In practice, it's difficult to achieve this. Since I'm not one of... — read more 

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| 2100 views | | 8 replies (last February 23, 2023)
Post ID: @OP+1ldRhcwm

Fiserv vs. Clover bonuses

TIL While Fiserv employees have a retention cash bonus this year with a two-year clawback, guess what strings Clover employees have with their cash bonuses??? NONE… That’s right — only Clover employees get a true performance cash bonus, while Fiserv... — read more 

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| 2520 views | | 6 replies (last February 19, 2023)
Post ID: @OP+1ldYecN6

Warning signs in Credit Card World

This is a good article. Keep in mind that Frank touted organic growth as the key contributor to the good numbers. Organic growth means more accounts, more transactions. But this article says the piper needs to be paid eventually and the signs say it... — read more 

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| 1660 views | | 4 replies (last February 20, 2023)
Post ID: @OP+1ldgcp24

Any word on raises?

Been with the company 8 years I know not to expect much. Just wanna know if anyone heard anything yet.

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| 2100 views | | 8 replies (last February 20, 2023)
Post ID: @OP+1ldi7r8s

Layoffs in Clover

Lots of people laid off today, managers and directors included. Rumors are around 10% of the org. SLT trying to keep it hushed and won't provide information about those let go.

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