Topics regarding layoffs at Global Payments Inc.

Topics regarding layoffs at Global Payments Inc.

Hope this McKinsey gambles payout

I hope the decision to bring in top executives from McKinsey, along with the GP 2025 initiative and the layoffs informed by their feedback, works out in the long run. Many experienced individuals who truly knew the system were let go, leaving those... — read more 

Constructive Dismissal

Please make sure you don’t sign anything unless you contact legal advice. This seems as a constructive dismissal under the employment act in Ontario.

This is what happens..

When your only strategy is to buy other companies and not innovate. You run out of companies to buy and then executives sit in their suite at a falcons game and ask what next? Hmmm

Timetable

North America employees are supposed to know their fate by EOD 8/26 8/27- Other countries will know tomorrow 8/27-8/29- role responsibility changes (still have a job but now you are in charge of x,y,z) 8/30- follow up communication - org... — read more 

India layoffs

India has been impacted for almost 70 people and most of them were below expectations performers and individual contributors no leaders has been impacted so far

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| 1230 views | | 2 replies (last August 27, 2024)
Post ID: @OP+1udxoSvC

Is it too late to volunteer?

I'd be happy to take a package and leave. I got a new manager six months ago and he is the definition of a bully. I've been looking for a new job anyhow, getting severance would have been amazing. I wish they first asked everybody to volunteer but I... — read more 

Reorg day..any update?

Did anyone get a meeting invite about reshuffling of their role or team? Any idea which group will this impact

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| 922 views | | 1 reply (August 27, 2024)
Post ID: @OP+1udLPlpu

2700 to be affected in total

Has this been confirmed? Pls post if you have any info on depts or how long it will last. It’s not a pleasant feeling not knowing what to expect.

Older employees

Am I wrong, or does it seem like older employees were specifically targeted by this layoff? The people I know who were laid off are all over 40, some over 50. This might be a coincidence, but to be honest, I wouldn't put it past this management to... — read more 

So sorry guys, for all of us

It’s not very professional and fair to keep us in the dark in such a manner. We yet have no clue what the target numbers are nor for how long this will really last. Try to keep it together, be supportive of each other. I wish us all luck, and I hope... — read more 

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| 1110 views | | 1 reply (August 27, 2024)
Post ID: @OP+1udEpmKA

Good folks got let go

It's awful how the company treats the very people who helped build it from the ground up. Many VPs and Senior VPs, including diligent and hardworking individuals, are being let go specially from Tsys issuing

Layoffs Impacting Senior Leadership

Some of good, hardworking VPs and Senior VPs were let go specially from issuing coz "too many decision makers". It's awful how the company treats the very people who helped build it from the ground up.

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| 421 views | | no replies yet
Post ID: @OP+1ucVBMhl

MineralTree?

Is anyone from MineralTree affected yet? I’m wondering how widespread this is but my manager and their manager don’t know anything apparently.

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| 450 views | | no replies yet
Post ID: @OP+1ucDi6sp

Benefits and severance pay

For those that have been laid off, can you please disclose when your insurance benefits are active until? And did you receive any severance pay? If so, for how long? I, and I’m sure many others, have health problems and desperately need insurance... — read more 

Hard to focus on work today

Having a hard time focusing on the work today because of the anxiety. Hope you all are well and good luck to everyone.

Layoffs update

Pls post, guys. These meeting announcements are like the hatchet swirling around our heads.

4 pm est

Who is in this meeting and any idea on what it’s about?

Layoffs next week

Definitely starts on Monday? I guess next week is going to be really bad then. Ushered by a bad weekend. Any ideas as to who’s gonna be hit the most?

Brace for more layoffs in Issuing

From what it seems like in the CIO all hands, they seem to focus more on the area that gets them revenue (Merchants). Does that mean there will be layoffs in Issuing?

Unionizing

Would there be a benefit to GP offices unionizing??? Has it ever been discussed by employees?

No hike this year??

It's disheartening that the company prioritizes spending millions on maintaining outdated software instead of giving a deserved 10% salary raise to their employees.

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