he comes to Wisconsin tomorrow to explain to the Bkfld employees WHY he is moving HQ to downtown Milwaukee and there are only 5 or 10 people attending!! Place is a ghost-town on Fridays!!
Internal Earning Call
It is incredibly difficult listening to this call. We care about Clients!. A large portion of the Company just lost Staff. We are being tasked to do more with less. What universe is FB living in? Frankly, listening to this is even more demoralizing. ... — read more
RIF
Can't help but notice none of the millionaires on the screen got cut. Seems like a big savings opportunity.
Why is everyone surprised…
Some of the best people I’ve worked with in my career were at original Fiserv. As a recent alum (left on my own terms) the writing has been on the wall for years. FD bought Fiserv with Fiserv money. Frank doesn’t/didn’t know how to manage a healthy... — read more
Brookfield
So Brookfield is closing and FB has some floors in the Milwaukee historic district. I wonder what the tax incentive is.
EPS swing and a miss
Expect more layoffs and cost cutting. FISV misses by $0.06.
Almost there but still a little more work
Judging by the incessant whining on this forum, I would say we still have a few timeclock embezzlers that need to be RIF'd. FB'll get you by end of Q1 '23.
Confirmation that Costa Rica was sold, what's next?
https://www.bizjournals.com/milwaukee/news/2022/10/26/fiserv-to-sell-sis-business-costa-rica-operations.html
Where are the execs?
Hiw cone none of them are talking to employees or clients to reassure them? Why the silence? Sincerely curious as to what all of you think.
Sell limit
If you still have stock go in tonight and set your limits. History tells us that when the stock goes up at earnings time then the executives’ triggers kick in. Last time it was around $110 and it cratered when the sell triggers hit. It’s $101 in... — read more
I'm convinced....
That FB is looking to turn Fiserv into a new First Data. Why else would he be operating it the same way? Wish I could get paid millions to f**k up a company.
Work at Fiserv
Had to smile this morning on Linkedin. A sidebar adv came up asking if I wanted to work at Fiserv and to see some of the people I knew there. LOL - ironic times 20. NO but I did work there years ago and almost everyone I knew there is already... — read more
The nicest thing you can say about Frank is he’s 100% focused on shareholder return
To the exclusion of all other things that a true leader focuses on. Frank is completely out of balance and could only be a CEO of a company like Fiserv that has little governance in a boring industry. It’s unfortunate that he disrupted so many lives... — read more
I'm so tired of this place
I'm exhausted. Working long hours while being micromanaged to the maximum, a boss who doesn't know how to set priorities, backstabbing yes man colleagues who are not marketable so they fight to save their job here but in a very bad way.. I used to... — read more
There goes payout for unused time off
My pay grade (grades 9 & up) is being changed to unlimited time off for 2023. I assume that is so they don’t have to pay out any unused time off upon separation. What a crock! Hoping they don’t also alter the severance pay policy. Good luck to all... — read more
$110
The day after earnings, book it !!! Also look for a special organizational change Thursday
So firing people for refusing the vax was wrong??
No way, I never would have guessed this eyeroll I WILL be suing Fiserv Oh, no way, you're telling me that firing people who believe they can make their own medical decisions was wrong? 🙄 New York Supreme Court reinstates all employees fired... — read more
Do you believe Fiserv has a future?
Most of the people I talk to think that Fiserv is too big to fail. I don't think so. I bet people thought the same thing about Enron, Blackberry and Sears, and look where they are now. I honestly think that with this leadership Fiserv is headed... — read more
Future
Clearly some team members have negative feelings towards the company for some reason But this well oiled machine will show tremendous results Thursday validating the strategy We are probably still carrying too much Ohio deadwood but other than... — read more
So much talent is gone!
So many people have been forced out that I would imagine that Fiserv clients could sue Fiserv for lack of support THEY PAID for! I think it might be a matter of time....
Morale at an ALL time low.........
Morale at the Brookfield Center is the lowest I have EVER seen it. WAY worse than when Checkfree was acquired. So many good people Riff'd and many, many more left own their own SINCE FB came along. Rumor today is that Bank Solutions will be sold off... — read more
Bright future
The fluff is gone big orange is lean. Leadership is taking us to the next level. Let’s all rally and realize the vision of being the best fintech on the planet
What is it like to work for three people?
My mental health is already starting to suffer. Please don't advise me to just leave, because I know that would be the best, but until this moment I still haven't received a better offer. I'm more interested in how the rest of you manage to do... — read more
Improving productivity thousand times
If each of us works 1000 times faster, then we can improve productivity. Can't be that hard (that's what she said)! "The Phantom has a thousand eyes and a thousand ears." - old jungle saying
They expect great productivity from very understaffed teams
People are scrambling to get stuff done because we are very understaffed. Maximum productivity is expected from us and deadlines have never been shorter. I'm thinking about whether it's even worth waiting for the package to leave this place... — read more
What happened to the "astronauts"
how many "astronauts" have been impacted by the RIFs?
Too Many Middle Managers
Fiserv has too many managers, if we are honest. That is where I would clean house first
Sold my Fiserv stock
I am a current Fiserv employee but I am interviewing at other companies. I have absolutely zero trust in upper management. I sold the small amount of Fiserv stock I have today. Ready to 100% wash my hands of this place.
This weeks earnings
Fiserv will show strong financials this go around. The org is now lean and ready for great success The opportunity to ride this rocket to great heights is now here.
MOAR LAYOFFS! 1700 (11%) Projected To Go!
LayoffsTracker (layoffstracker-dot-com) projects 1700 poor souls are about to get sacked from Fiserv. Bet none of them are in Pune.
You are in charge of your life
Some of you seem to have forgotten that. It's not Fiserv's fault that you're miserable. It's your fault because you're making a choice every single day to continue working at the place that is making you miserable. What will it take for you to take... — read more
Berkeley Heights layoffs
Curious if anyone knows how hard the Berkeley Heights office was affected with the layoffs considering Fiserv has committed to adding 2000-3000 jobs at that location to receive a tax credit.
Got laid off and looking for consulting work. Any suggestions appreciated.
I know a ton of clients on my software will need outside help with the loss of knowledge at Fiserv. I'm not sure how to get my name out there. Any suggestions on how to do so is greatly appreciated.
#FISVproud?
Is anyone truly proud to represent this company anymore? Aside from a few soulless cheerleaders, the majority of hard working and dedicated associates are burnt out and disgusted by the complete lack of leadership and direction. The latest round of... — read more
It does not matter if you’re a superstar
It doesn’t matter that you have long service, short service, great performance, great boss, great friends and love your job. In Franks world there is no job security- get used to it or move on…
Fiserv failed when we stopped seeking excellence
Now, our highest goal is mediocrity and cost savings. When you put those two together, the result you'll get is at best mediocre and at worst a total disaster. I'm afraid that we've ended up with the "at worst" option. As long as our highest goal... — read more
Next week
Are the rumors of cuts next week true? I've seen several posts here mention it but I don't see any evidence to support it. I'm not saying people are lying, I'm just hoping we can get some confirmation. I've been stressed out for months, I don't want... — read more
Interesting want you can find...
If you search. https://www.reuters.com/article/us-ftc-fiserv-settlement/fiservs-first-data-pays-40-million-to-settle-ftc-charges-it-aided-merchants-fraud-idUSKBN22V2MQ
The jig is up
Some of you thought you could ride the gravy train without doing your fair share of work. FB's team put a swift end to the deception. Some still slipped through the cracks; he'll get you in the next round of layoffs. It'll be nice once Fiserv is... — read more