Exit Strategy......fill our day with happy thoughts as we are lying to clients..... welcome 0% raise with no bonus........
Chicago office closing 6/30
People informed today. No idea about what happens to their jobs. I guess it will be a combination of relocation, Remote and travel to Milwaukee
FISERV HAS NO INTENTION HIRING FOR UNDERSTAFFED
Do not hold your breathe on getting relief on staffing . Management is not concerned about the work you are doing. Walk away people.......
Scared to leave for a startup
I have been presented with a job opportunity from a startup. The role in question aligns quite well with my professional interests. Additionally, the company has offered a base salary that exceeds my current compensation package, but being a startup... — read more
WHERE IS OUR MONEY
I dont understand. What is taking so long to pass out everyone's 1-2% merit increases and minor bonuses? We have people quitting so there is extra money available. How much longer are we supposed to pretend?
Last of the remotes to be RIF’d soon?
I’m hearing rumours again that those of us on the west coast who are still remote (offices are all closed) will be given the relocate or leave mandate as of May. Just wondering if anyone else has heard the same. Not overly concerned about it. ... — read more
We are understaffed
I really don't know how the leadership thinks that understaffed teams can achieve good results and meet their expectations. I hoped that the problem of understaffing would be addressed because it's become impossible to work with so few... — read more
Daily stand-up
I'll start. Wake up late Badge back in after lunch but then immediately leave and WFH Try really hard to keep code of conduct violations below detectable threshold Hose around an inordinate amount
Got a Touchbase meeting invite with the boss tomorrow... Should I be worried?
Not a normal occurrence. Is the layoff wheel spinning up again?
Omaha?!
Why are there so many roles in Omaha all of a sudden? I checked a few weeks ago, I didn’t see many and now it’s on par with BH openings
Barely getting things done
Considering the amount of work and the ever increasing expectations, it's getting harder and harder for me to get things completed. How about you?
Don't manage to the small % please!
Most associates have and are complying with the "majority" policy. So a few observations. Stop pressuring beyond the majority" or change the policy. If someone is not coming the majority then deal with it but don't burden the rest of us... — read more
History
Shilly, like Frank, pretends that the company began when Frank arrived. Fiserv was founded in 1984 and First Data in 1971. Practically EVEYRTHING each company offers was developed PRIOR to the merger and in most cases prior to Frank’s arrival at... — read more
Layoffs incoming, possibly tomorrow in FTS.
We have been told by our management that as per PC, if you're assigned to an office, you need to be there tomorrow. Badge counts have been "low" across FTS and there have been talks about letting people go who are not meeting the requirement.
Payments/Card Services Leadership
Why are 90% of the workers in Berkeley Heights and 90% of the leadership in Chicago? We're constantly talking about costs and operational excellence yet the people running most of what is being worked are "remote" and an hour behind. Plus Fiserv is... — read more
Lost Access to Company website And Enail Yesterday
Yesterday March 15th,2023 we lost access to the corporate website and Email. When we contacted the helpdesk we were told an incident had happened. Incidents don't happy on March 15th. An hour or so later we were able to log back in and work. ... — read more
Going to 4 days a week and soon to 5
Brookfield looks to be going 4 days a week in April then to 5 on the move downtown.
I left, sold my stock, Frank can crash the company now
I left, sold my stock, Frank can crash the company now. After decades of working there I have left. I hate what the company has become. What Les and Geroge started has become a heartless, corrupt, train wreck. I hope Jeff, Frank, and the board are... — read more
If your inflation is higher than your pay raise you are losing money
If your inflation is higher than your pay raise you are loosing money. The talk about why you should have xy% pay increase what are you doing more for company is BS. Are groceries xy% more nutritious than year before or do you get more of them for... — read more
Horvath leaving Bank Solutions
Not surprising. Expecting more that rolled up under him to leave too. Surprised it took this long. Franks can now have a pair of his cronies take over that role.
SIGNATURE BANK OF NY JUST TAKEN OVER BY FEDS
Signature Bank of MY just taken over by the FEDs.......
Interest Rates on Bonds and Fiserv
SVB failed because most of their assets were in long term bonds. Because of the inverse relationship between interest rates and the value of a bond, the bonds lost value and the bank could no longer cover deposits. Rising interest rates leads me... — read more
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
Looks like that rocket to the moon ran out of gas
Seems like everyone is keen to employees dumping their stock the absolute second it vests so they're not stuck with it once this dumpster of a company finally catches fire
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
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
Wear your fiserv pride shirts…of course, you buy them
These emails trying to sell us our own swag, smh. Instead of going door to door selling clover, why don’t we sell fiserv apparel to friends and family? If you sell 100 items, pizza party!
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.