I retired from Fiserv several years ago and before the First Data whirlwind hit full hurricane force. Have read the shills here and the ride the rocket junk for a long time. All my team left on their own. And the recent massive layoffs should... — read more
I was told I was a WFH RIF
I had my VP call me the day I was let go, right after I was informed. I was told I was a critical position that they cannot do without, but they were given no choice… it was mandated they had to let me go because I was WFH. What makes me upset is... — read more
Any new about Sioux Falls?
I worry that our Sioux Falls office will close. Has anyone heard this?
Not enough people left
They tried to bully people into leaving by pushing RTO for everybody, with no exceptions (or at least none that I know of). If we quit, they save money. Things didn't really work out as well as they hoped, or so it seems, so now they're having mass... — read more
I'm moving on
Fiserv is no more, there is no place for me there. There is nothing bringing back my department and my coworkers. It was great while it lasted. All my energies are now in finding a new job in this much tougher environment, and deal with the fact I... — read more
Corruption everywhere
The board of educators director, Richard Buccarrelli, where Henry Besignano, FB’s son go to school is also given an SVP position at Fiserv. Even the city where FB lives is fed up of this FB crook. He is so dirty! He has his hands everywhere and... — read more
Week of October 17, 2022
Hearing more cuts are happening this week, anyone else hear the same?
Recommendation
Many of you started receiving additional projects from the associates that were let go. STOP 🛑 accepting more assignments. say NO! You are already overbooked, you are only compromising the quality of time with your family and quality of work product... — read more
Inside HR info
Next week is “International Be Happy You Didn’t Get Laid Off Week” on Fuel.
Run!
Account processing Associates if you're not sure what kind of company Fiserv now is just ask JPL and he will tell you you work for a payments company and that you are an operator in a payments company. He will sprinkle in a few f-bo--s , to make sure... — read more
First Data could not hire in Omaha due to their reputation
For years they have not been able to hire there since over the years almost everyone there knows someone that was laid off by them.
Fiserv Board of Director #2
Recall I posted a profile on board #1, Ms Wafaa Mamilli, the oncology sales lady / dog food specialist. FB checked the diversity box with this - like we can’t find a lady with FinTech expertise - Many bright ladies out there! It is all part of FB’s... — read more
Severance Package
Can people who have been laid off post what their severance packages look like? I’m afraid it’s only a matter of time till the axe falls and am worried about the timing with the end of the year and finding something new. I have a baby so any info... — read more
Something unexpected happened
I told my wife that today was my last day… I’m officially laid off. I thought she’d be upset but instead she said “so no phone calls or emails to worry about?” Nope, I replied. So let’s celebrate, she says and proceeds to nudge me to the bedroom. ... — read more
Last one out
turn the lights off
Take charge of your life
Why wait for the axe to fall when you can walk away with dignity on your own?
We are almost at the rock bottom
All I can do now is send as many resumes as possible and hope I get a new job before I'm laid off. In any case, I don't want to be here much longer, even if I survive the cuts. How far is Fiserv from rock bottom? It's scary to even think about the... — read more
The talent is getting worse
I used to be inspired by my peers, but lately I am d-mbfounded by their actions. All my mentors have left already. I will not learn anything by remaining at this company, I have to leave now.
We pay for Frank's mistake
When I joined Fiserv, Jeff Y was running the company and all was well. Fiserv and First Data merged and next thing I know Jeff is retiring and Frank takes over. Frank decides to move the mgmt to NJ from WI and buys a huge building that he needs to... — read more
Shareholders have no idea what's going on here
The impact of the actions taken this quarter won't be felt by the shareholders until the next quarter when customer start deconverting or worse suing. The street has no clue what's going on on the inside and how that will impact the banking side of... — read more
Screen recording
FB has been recording screens. If you notice your cursor acting laggy for a few seconds periodically, then your screen is being recorded without your consent.
Has it started?
Have there been any layoffs today so far?
Talk with me?
We continue to follow this story, and any information can be helpful. Thanks to those who have reached out. I hope to connect with more of you. You can reach me at cmullen@industrydive.com -- Caitlin Mullen, Payments Dive reporter
Let's save some money...
And move everyone (including you FB) to BH!
The almighty dollar
The almighty dollar is all FB cares about. He supports RTO and layoffs tighter than a brown jockstrap. He is nothing but a money and power hungry tyrant
Massive DNA Layoffs
DNA is is circling the drain. Most tenured employees left when they were told to move to Frisco, Alpharetta or Berkeley Heights if they wanted their jobs. So they left and found better jobs. Mass exits. New hires are struggling. Many aren’t even from... — read more
Sad
To my banking customers, I am sorry of what is happening to the quality of work, simply it is not me, I have no one else left I can leverage to assist with your implementation or follow up. I urge you to bypass your RM , if you still have one, and... — read more
Constant layoffs are an indicator of a failed CEO
These massive RIFs are indicative of a reactionary CEO that can't manage expenses or forecast them. It should be a point of embarrassment vs badge of honor for "managing expense pressures." While continuing to tank productivity, quality and morale... — read more
how to survive layoff
https://www.monster.com/career-advice/article/layoff-survivor-sickness
Word is Nov 15 list is in works (after oct 15 is done)
Am i dreaming or is there fact...
Any word on Chicago, Frisco, Willmington location going to safe -Next round in making
Any word on chicago, frisco wilmington location chicago has cards, GBS firsco has FRMS mostly Wilmington has cards mostly Next round in making identify locations, close it , force people to move else eliminate..
RIF's are going to continue into Next week
It is so sad to see so many talented people let go today and the way they have handled it in touch base meeting with HR, HR and Senior leader (VP/SVP) discuss the severance package and you access remove immediately after the meeting. In most of the... — read more
Confused and Sad
I’ve been a Fiserv associate for less than a year and was hired for BH. Like so many others I came from a client and was so excited and looking forward to working for this company. Ever since I started it’s been a whirlwind of disappointment, fear... — read more
The same thing happens again
The best get cut. The worst somehow survive. That says a lot about the future of this company...
State of Premier?
With all the attrition and forced layoffs, what is the state of Premier? Are any of the older but wiser ITI resources on the chopping block? How about relationship managers and success partners? (Asking as a Fiserv-customer and a Premier bank)
I will only miss some people
I think I will get a notice soon. No matter how stressful it is to be laid off, it is comforting to know that no one who was laid off from Fiserv in the past is now worse off than they used to be. Everyone I know has found much better jobs. Because... — read more
There's nothing normal about this
I've been here for a little over a year and I've already been through several rounds of layoffs. This is not normal and it should not be considered normal. A good, well-functioning company doesn't need to resort to cuts in personnel every few months... — read more
Stock is up today
Where is our resident stock expert?
DNA service partners on the chopping block?
Anyone else hear they’ll all be let go tomorrow (Friday)?
The Majority is Fiserv's RTO policy.
Don't spread disinformation.