Fiserv stock is like a rocket on it's way up... oh, wait... looking at the wrong chart - it seems I was looking at cumulative layoff chart. Sorry my bad
Fiserv Debt is HUGE... RIF another huge group that's the answer coming soon FiData
2023 is the end of Fiserv and get ready for a rebrand because that will save ya...... FiData now Frank that's the ticket and will turn it around . First Data associates are the laziest group ever. Glad we only have a couple in our area.
Big news in January revealed 8500 lol its never ending
8,500 more layoffs expected and looks like no one is safe in this one. Well except the slumber party group. Do not worry the public will see we are 44,000 associates strong even after the next round of firing. Love to hear how they deny this one... — read more
Clueless
Fireside Chat with Matt Wilcox with Bob Hau, CFO Bob is clearly disconnected from what the Staff has been through the last couple of months. Boasting of double digit profits when Fiserv just finished cutting back its work force is tremendously... — read more
New Jersey love it or leave 2023 early 2024 bye to Sioux Falls and Lincoln yep its coming just ask Frank
client partners are now service partners, support and the once annual pay base plus commission of 300,000 - 500,000 a year plus is gone! Keep working hard because your VP's and higher ups will still make the big bucks. Hope everyone enjoys the 2... — read more
Fiserv Layoffs 2023
This is a generic discussion thread to capture comments about potential Fiserv layoffs? Any chatter, news or rumors?
Who Owns Fiserv???
Does Bank of America own Fiserv? Bank of America and First Data, which formally closed its $22 billion acquisition by Fiserv Monday, announced that the companies would end their jo--t venture, called Banc of America Merchant Services, and will pursue... — read more
Big Fine Coming = More Layoffs
https://www.pbs.org/newshour/economy/senate-report-finds-cases-of-fraud-scam-increasing-on-zelle
Layoffs Will Continue
https://www.glassdoor.com/Reviews/Employee-Review-Fiserv-RVW70380203.htm
ALL HANDS MEETINGS
All of these "All Hands" meetings now seem to be filled with incoherent ramblings filled with charts and graphs.
Managers Provide No Response To Questions
Managers can't answer any questions. They are literally afraid to say yes, no, or let me find out.. Managers have no understanding of what some technical resources do so reallycannot provide meaningful feedback.
Frank creates disengaged employees
No trust or empathy plus his presentation style is terrible. All in the guy may be a numbers wiz but he’s an awful leader. They threw him out of better organizations and KKR was desperate when they hired him. His strategy while seemingly saving... — read more
Fiserv adopts new executive severance policy
Fiserv’s board of directors has adopted a new severance policy for all executive officers that is similar to a shareholder-proposed policy that won approval earlier this... — read more
Happy Thanksgiving…
…to all employees struggling in this environment …to all employees who are still getting the job done without complaint …to all ex-employees like me who found peace when no longer tethered to the mothership Here’s hoping for a better year in... — read more
RIF King Shall RIF Again As Necessary
https://www.paymentsdive.com/news/fiserv-ceo-frank-bisignano-maniacally-focused-cuts-expense-management-margins-debit/636567/
Harvard Business Review Article
“Compared with people at low-trust companies, people at high-trust companies report 74% less stress, 106% more energy at work, 50% higher productivity, 13% fewer sick days, 76% more engagement, 29% more satisfaction with their lives, and 40% less... — read more
Bonuses - real or myth?
I was hired by Fiserv earlier this year. My compensation plan includes a 5% bonus. Are bonuses typically paid?
Sioux Falls & Lincoln office will be closing
Get ready it will happen but wait Sr executives will lie but just wait its in the works get ready to move to NJ or be fired
Guess Elon's WFO plan ain't working
https://www.google.com/amp/s/www.businessinsider.com/elon-musk-remaining-twitter-coders-engineers-email-2022-11%3famp
Elon Musk backpedals on Twitter’s remote work mandate as resignations mount
Smart leaders learn to reverse bad decisions when necessary. Elon Musk seems to be learning some lessons from the latest Twitter debacle, will FB... — read more
"Leaders"
Ever notice how Fiserv managers force the use of the word "leader"? It's like a new batch uf kool-aid.
Nobody cares if you overwork yourself.
Some never learn that the reward for going over and above with the amount of work you do is almost always just more work. These people who expect to be rewarded are then frustrated when their efforts are not adequately compensated. That's... — read more
Raises/Bonuses?
Does anyone know if we’re going to be eligible for raises or a bonus during year end reviews? I know the budget is tight here, but I need to get compensated for the work I’ve been doing…
Question for new hires
How many of you regret joining Fiserv? How long did it take you to realize you made a mistake when you accepted the offer? Are there those of you who still believe they made the right choice for your careers? This is mostly a question for people who... — read more
Corporate Defensiveness
Obviously senior leadership reads this page. What in the world makes you think the right course of action is to dislike posts and call people liars? Wouldn't it make more sense to try to understand why your employees are unhappy and to try to meet... — read more
Fiserv is the opposite
https://trib.al/I0qfQXl?fbclid=IwAR1GQ-RTq3RehgQBg4yzmyhgvV_dYbgfDkv_erhec-6iaPXUAOGxHUDsuNk
How quick is too quick when it comes to quitting a job?
I know of people who quit just a few days after being hired. I don't think it has ever happened before that so many newbies leave this place so quickly. I can see why they they'd make that decision but it is obvious that most of them did not do... — read more
Triple workloads
I'm more overwhelmed than ever, but I can't say that I'm doing double or even triple workloads now, because that's not true. In fact, it would be neither mentally nor physically possible for me to do triple workloads, and some claim exactly that... — read more
What’s up with the limos?
Why are there so many limos in front of fiserv all the time at the Berkeley heights office? Who is paying for these services so frequently? If frank lives nearby why would he need limos driving him and his goons all over?
March 31 layoff date for remote?
I’ve heard this date thrown around the rumor mill. Can anyone confirm (or even speculate) that all remote-only employees will be laid off by this date?
Q1
Big game changing announcement in Q1. This thing is going to launch like you’ve never seen before. Think $200/share. Berkeley Heights will be the new Silicon Valley for fintech excellence
BH opens again
May not be the last time. Hosted BH mayor and NJ governor Meanwhile pantries don't have fruits or snacks anymore. All drinks removed from floors. You can buy them in the cafeteria for 1.75 more
Even in the office, the work is still remote
hits vape in the stairwell again
Nov 30 - Another round of Layoffs
Supposedly much smaller
Good info for you, Frank
Just leaving this here. https://www.msn.com/en-us/money/smallbusiness/the-elon-musk-3-point-plan-for-ruining-a-business/ar-AA145T8d?cvid=a8c87cfc3aec47acb29e64a66607cf9f
Culture of fear
For most of my colleagues, I think that they could make much more progress elsewhere. But instead, they are still here. Sometimes I think the reason is that there has been a culture of fear here for a long time. Instead of looking for better... — read more
Paramoralisms
When your employer is laying off workers, expecting you to pick up the slack, saying, “No one forced you to take this job,” they are gaslighting you. When another worker says the same thing to you for complaining about the situation, they are... — read more