#culture

To all my Qualcommers who survived a dozen layoffs this past decade, this one’s for you 📈 to all of you who are still bitter, I’m wishing you nothing but the best 🙏

there is a quick catch up event on our calendar

organizer is the chapter lead with everyone in the team

when will this fu--ing thing be over??

Board and Leadership should be ashamed

We already had a culture of “every employee for himself” thanks to stack-ranking (based on dubious criteria) and other shenanigans.

Adding the constant threat of layoffs isn’t going to make people more collaborative and more willing to share information. You have to laugh at the ineptitude of whoever came up with this strategy! It’s like shooting yourself in the foot because it was hurting.

PNC implemented a five-day return-to-office mandate this week. This policy requires most employees to work onsite daily. Many employees expressed strong negative reactions on social media. Concerns include long commutes and childcare challenges. PNC states the policy supports collaboration and culture.

Pittsburgh, PA

https://www.pghcitypaper.com/news-2/labor/amid-five-day-return-to-office-mandate-pnc-employees-vent-on-social-media/

If you are a retail rep please comment on examples of your assistant manager/general manager how you are forced to add things to customers accounts

Leadership isn’t about staying quiet when things get hard. It’s about having difficult conversations especially when their employees are struggling.

What’s disappointing is watching so many of them stay silent while the mental strain on employees keeps growing. Ever since Dan became CEO, the focus has been nonstop customer obsession and AI obsession while the human side of the company feels ignored.

Employees are exhausted. Morale is down. People are anxious about their future while incredible talent is being pushed aside in the name of efficiency.

Let’s hope state and federal governments begin putting real guardrails around employment as AI rapidly changes the workforce. Companies should not be able to aggressively cut human talent in pursuit of automation without accountability or protections for workers and environment.

At some point, companies need to ask themselves: what happens when we automate away stability for millions of people? Will all of this still feel worth it when unemployment rises and people can no longer support themselves? What’s most disappointing is not just the decisions being made but the silence of the leaders who see the damage being done and still choose not to speak up.

Technology should support humanity not replace it at any cost.

SAP used to be the greatest company to work for, at least as far as I am concerned.

But now? Not anymore. The current board is su-king all joy and enthusiasm out of work.

But are other companies that different? Oracle... meh. Microsoft... no thanks.

Is there an alternative that a) pays well, b) treats their employees well, and c) is large enough not to disappear in the near to middle future?

I am not aware of any, unfortunately.

bravo you accomplished crooks and used car sales men !

This African proverb explicitly warns that in an emergency, you have to stop trying to "be right" and start trying to survive. If you keep bickering, you’re essentially choosing to allow the house to burn down just to win the argument. This is the perfect depiction of what is happening at BNSF and everyone is playing right into it. Managers against employees. Employees against managers, Employees against employees, managers against managers. HUGE Trust issues. Is this a huge daycare??? The competition loves how BNSF is having its managers go after their employees and pitting everyone against each other. "A house divided against itself cannot stand" -Matthew 12:25 The leadership is probably the worst i have ever seen. If you want to thrive, take Buffets advice and "Stop writing people up" Even he saw the ridiculousness in the way it was being ran. Looks like its gotten worse unfortunately. So glad I left that toxic place. Never in my life did I see more people against each other than at the bnsf. That culture shift starts at the top. If you want your company to change, then YOU have to change.

It has been circling the drain for 10 years.

Going George Costanza mode. Great time to get laid off for 6 months if you were also in the crosshairs. Looking on a potential bright side; the culture here started to su-k 5–6 years ago. Will be looking for a company that at least does a better job pretending I’m not just a number when breaking my back for them for over a decade!

Soooo many posts on LinkedIn in recent weeks of coworkers across multiple departments who’ve been here 5/10/15+ years leaving for better opportunities. Proactively leaving and not waiting for next round of layoffs in case they get hit next. Good for them and god help us who stay on this sinking ship thinking anything will change.

Nike leaders keep saying that they are flattening the org to keep things simple, but GT is still a mountain of management.

If most employees still have 2 layers of managers, 2 of directors, 3 of VPs, and 2 of C-suite leaders, what exactly was 'flattened'?

Its been literally years now with daily posts about RTO.
Bichin on a layoff forum won't change a thing.
Sh#t or get off the pot.

Zero cred in culture presently.

Pathetic that we have zero heat. Look at Nike.com for 10 seconds and it’s all retro garbage.

Today I came to a realization that Medtronic has lost its heart that made it what it once was. The mindsets to get ahead now are more in line with wall street (wolf of Wall Street reference) than with a company who gives people a second chance at life. Try to model a different leadership style or speak up and well….

Even our doctor is getting replaced with a Indian. Seriously, how is the mental health at this company? Every coworker i know in the past doesn't talk any longer, its like everyone is zip. Absolute worst company, and worst treatment of humans of any company i've ever worked.

I believe Verizon needs to continue building a stronger market-driven culture focused on performance, accountability, and long-term competitiveness. That means making difficult decisions when necessary, including reducing redundant positions and streamlining teams to stay agile in a rapidly changing industry. A stronger return-to-office policy is also important because in-person collaboration improves communication, training, innovation, and team culture in ways remote work simply can’t fully replace. If Verizon wants to compete and grow, the company has to prioritize efficiency, execution, and a workplace culture centered on results.

listening to Chris Stansbury talk about his race car while at the same time talking about shutting down legacy telecom along with our jobs is really quite amazing. He gets the gold and we get shafted.

What Current CEO Mike Lyons Actually Said
This is the most damning confirmed piece. When Fiserv's Q3 2025 earnings collapsed and the stock fell 40% in a single day, the new CEO didn't soften the blow — he pointed directly at his predecessor. Lyons said that Bisignano's earnings targets "would have been objectively difficult to achieve, even with the right investment and strong execution." But instead, Fiserv had in recent years deferred needed investments and cut costs in pursuit of shoring up short-term profit margins. Congressman John Larson
That's an extraordinary statement from a sitting CEO about a predecessor — essentially a public acknowledgment that the financial targets set under Bisignano were, at minimum, reckless and perhaps deliberately unachievable.

The Clover Manipulation Allegations
Multiple class-action lawsuits lay out a specific and detailed mechanism of alleged fraud:
The company began phasing out Payeezy in 2023 and "forcibly migrated" as many as 200,000 merchants that had been using the older system to Clover beginning in late 2023 and continuing through the first half of 2024. Yahoo Finance
The company reported $2.7 billion revenue from Clover on gross payment volume of $310 billion for 2024, "accounting for half of Fiserv's year-over-year revenue growth." Little did investors know that the numbers were being boosted by forced migrations, the lawsuit alleges. Greensheet
The specific deception alleged is that Bisignano told investors the opposite was true. Bisignano stressed that 90% of Clover's growth stemmed from new merchants, with only 10% from "back book" conversions — existing clients voluntarily switching. The lawsuits allege that was materially false. Zlk
Shortly after these conversions, a significant portion of former Payeezy merchants switched away, which is why Clover's growth metrics collapsed so sharply once the migration pool dried up. Rosen Legal
The truth came to light on April 24, 2025, when Fiserv reported Clover's payment volume grew just 8% in Q1, a material step-down from 2024 growth rates of 14–17%. After the news, Fiserv stock dropped 18.5%. It dropped another 16.2% the following month after Fiserv said Clover's slow growth would persist through 2025. TipRanks
The class action was filed by the City of Hollywood Police Officers' Retirement System and names Bisignano, Lyons, CFO Robert Hau, and Chief Accounting Officer Kenneth Best as defendants. Fiserv has said it disagrees with the claims and will vigorously defend itself. BizTimes

The Stock Sale and Tax Benefit — The Numbers
Upon his confirmation to serve atop the Social Security Administration in May, Bisignano divested from his investments in Fiserv, as required by law. Those sales netted an estimated $530 million. GovExec
Bisignano sold Fiserv stock between May 16 and July 1. The same shares today are worth just $229 million — meaning that selling earlier in the year avoided losses of approximately $300 million. FA Magazine
And crucially, the government ethics rules created a significant tax benefit on top of that. In May, he was granted a certificate of divestiture, deferring capital gains tax on the Fiserv sales provided he invested the proceeds in approved assets such as Treasury bills or broadly-based mutual funds. This provision allows him to indefinitely postpone capital gains taxes by reinvesting the proceeds in other assets. The deferral also included an extra 150,000 shares worth $25 million held by his wife and in family trusts. FA MagazineYahoo Finance
This tax break, part of a loophole installed in the 1990s, has previously been granted to other high-level appointees like billionaire banker Howard Lutnick and former Treasury Secretary Henry Paulson. So the mechanism itself is legal and established — but the timing and circumstances here are what drew scrutiny. Yahoo Finance

The Congressional Referral to the SEC
This escalated beyond advocacy groups. Congressmen Larson and Himes formally referred the matter to the SEC, requesting an investigation into the circumstances surrounding the financial reporting of Fiserv during Bisignano's tenure and the timing of his required stock divestiture. They wrote that "the timing of Fiserv's updated guidance and resulting collapse in Fiserv's stock price raises significant questions about the timing of Mr. Bisignano's nomination and confirmation." Congressman John Larson
Senators Wyden and Warren separately wrote to current CEO Mike Lyons demanding information, noting that "Mr. Bisignano appears to have failed to manage Fiserv effectively, and may have misled investors and the public about the company's financial status." PSCA

What Is Confirmed vs. What Is Alleged
To be clear about the legal landscape:
Confirmed facts: Bisignano sold roughly $530 million in stock between May–July 2025. The stock subsequently collapsed 40%+ in October. His successor publicly said targets were unachievable and investments were deferred. A certificate of divestiture was granted, providing substantial tax advantages. Multiple class-action lawsuits have been filed.
Alleged but unproven: That Bisignano knew the true state of the business when he sold. That the Clover migration was specifically orchestrated to inflate metrics and mislead investors. That the timing of his government nomination was connected to knowledge of impending stock collapse. Fiserv has denied all allegations and is contesting the lawsuits.
Under investigation: The SEC referral means there is at least congressional pressure for a formal investigation, though no SEC action has been publicly confirmed.

The Broader Pattern
What makes this situation particularly notable is the convergence of several things happening in tight sequence: an improbable government appointment, legally required divestiture at near-peak prices, a tax-advantaged structure that deferred hundreds of millions in capital gains, guidance that the new CEO immediately described as unreachable, and a stock collapse that followed within months. Whether that sequence reflects wrongdoing, extraordinary luck, or some combination remains to be determined by courts and regulators — but it is, at minimum, a fact pattern that warrants the scrutiny it's receiving.

G6,5,4 - majority are youngsters getting laid off. Runway if you are young this is a company for dinosaurs

Where are you seeing layoffs?! I think there’s still BS going on.

if you dont know what that means you are a troll or too young at VZ to know anything about RIFs

https://www.ignites.com/c/5156214/727834

Read the article with my free account…
All I can say is this person was one of us (a little higher level than most of us though) and out there speaking the truth, raising concerns, trying to get people to listen - for what just to be canned for being a whistleblower.

So much for our ethics and “if you see something say something” policy.

Everyone better tread lightly here.

Most of these layoff posts are some type of sadists.I dont see anything happening in the office

Believe it or not, it isn't happening today. Can’t you see they’re playing with you? They read these threads; they post here. To a sociopath, keeping you on edge is a game—and they love to win.

Stop feeding them.

It will happen when you least expect it, and no amount of "prep" will matter. In the meantime, get your life back. Don’t let rumors and screen-time rot your mind; that’s exactly what they want. You aren't dealing with people who play by "human" rules.

If you’re sharing real info, include specifics. Team, Department, Band, Title. Ideally two of those data points. Otherwise we’ll assume it’s false.

• Band 7, Cx design

That’s how LR happen… share people.

Share what you know as Cisco is not sharing any LR news.

If you know something, say something and share with others.

This is the periodic reminder that while L and D field advisors are performing well the same can’t be said for their leaders and so called directors who don’t do much of anything.
This bad performance starts with Tractor Man and goes all the way down.

Looks good on the outside but at its core, just rotten. Very polished, good story. When you look under the hood it’s a vile, rotten place filled with rotten SVPs and executives who all have sh!t in their pants.

They need to be able to make great slides to hide their incompetency so they hire consultants. They’re greed, self centered people who would stab you in the back in a second without thinking about it. They’re incompetent, immature, a$$ kissing, vile human beings who are nothing but greedy.

Get out of Dell if you can because there is absolutely nothing behind that stock price and it’s going to drop like a rock.

The worst of the worst types of people are at Dell and it’s not going to get better.

Let the circus begin. The Coterra name was removed already so priorities are clear

I have been in the company > 5 years working in various Orgs. This migration to O365 and Sharepoint has been a disgrace. Google sheets and Looker dashboards all losing functionality and requiring work. And having to run every tiny piece of work through the weeds of Planview.
How is this improving our company?
How is this improving collaboration?
Sorry for the rant and it might be off topic. BUT THIS IS A SHAMBLES.
When will the leaders be held to account instead of the poor workers dealing with their mess?!

I spent close to two decades at Nielsen before my "demise." The one thing I could say for Nielsen during all those years was the company was NOT going to go under! Lol. So many companies out there hang on by a string - and that's some real stress for employees. I've been involved in the ad measurement game since the early 90s (even while in college). The demise of Nielsen has been predicted for years but never really happens. This article is prob the best I've read out there explaining why. Well worth the half hour read if you're still in the biz or just an outside over the hill observer like myself. Enjoy https://new.adotat.com/p/the-nielsen-bonfire-who-s-holding-the-match

Theres a phrase i keep hearing around Fidelity lately.,. usually said quietly between meetings ... or dropped into side conversations when nobody senior is around... "this place aint what it used to be." i don’t even think people say it with anger anymore. mostly it sounds tired. like people have repeated it enough times that it stopped feeling dramatic and just became accepted reality. Ive been here long enough to remember when fidelity actually felt different, and no, i’m not pretending it was some magical workplace where everybody skipped through hallways smiling at each other because obviously it wasn’t... nope. there were always POLITICS, red-tape/bureaucracy, sh-t leaders, pointless meetings, all of that existed back then too... but there used to be this fine sense that leadership at least understood employees were human beings first and workers second. there was a ton of fu--ing pressure, absolutely! but there was also trust... We all felt like they were contributing to something stable. Managers could actually manage. we believed hard work mattered. loyalty certainly mattered. relationships mattered and were meaningful. now it feels like everybody spends half their day trying to decode silence instead of listening to actual communication...

The communnication piece is probably what changed the most. Every reorg comes wrapped in this crazy vague language. Every Townhall somehow manages to say nothing (while making everybody more anxious and pi---d at the same time). Lies galore. Official updates feel so carefully polished that people stopped trusting them many, many, many years ago. you can literally feel employees trying to read between the lines during leadership calls because nobody believes they’re getting the full story anymore. and maybe leadership thinks uncertainty protects the business, maybe they think controlled messaging prevents panic, i don’t know... but what actually happens is people create their own explanations. Rumors (and all these posts on layoffs.com) become more believable than official statements because at least rumors feel emotionally honest... Morale drops because employees feel trapped in this permanent state of ambiguity where nobody knows what’s happening until it’s already happening. some of the strongest mgrs i know look completely drained and fu---d up now. They’re expected to reassure teams about decisions they had no role in making. they deliver messaging they clearly don’t believe in themselves. Not a little bit... Middle management at Fidelity increasingly feels like emotional shock absorbers for exec decisions...

then there’s the RTO situation... which I think broke something culturally that execs still dont fully grasp. this was never just about commuting. that’s the part they seem to miss every single time they talk about collaboration and culture and hallway conversations and whatever other corp sh-t buzzword gets recycled that quarter!! during hybridwork, people rebuilt their lives around the expectations the co itself created... families adjusted. people moved. some employees finally found balance after years of burnout... it was something new. and the thing that frustrates people most is we already proved the work could get done. productivity stayed as high as it's ever been. teams just worked, things clicked... clients were supported and notobdy was complaining... bus performance remained strong.. then suddenly the messaging changed, but leadership rarely explained why. instead we got carefully managed language, vague references to culture, soft pressure, badge tracking, attendance monitoring, and this growing feeling that presence became more important than contribution again. people notice when trust quietly gets replaced with surveillance...

what makes all of this harder to swallow is that fidelity is still successful. the company performs well. leadership talks about growth constantly. and yet employees feel less secure than ever?? that disconnect changes people over time. you start seeing high performers emotionally detach because they realize performance alone no longer creates safety. long tenured employees feel disposable. loyal employees feel disposable. everybody starts understanding that no matter how much they contribute, they’re still ultimately just another line item during workforce planning discussions somewhere behind closed doors. and once employees internalize that reality, culture shifts permanently. people stop investing emotionally and stap talking truthfully. we preserve energy for life outside work because deep down they no longer believe the company will protect them in return. i don’t even blame them anymore.......

the strange thing is the best part of fidelity still exists, and it’s mostly the people working beside each other every day. coworkers still help each other. teams still carry impossible workloads together. managers still quietly shield employees when they can. some of the most thoughtful, intelligent, genuinely decent people i’ve ever worked with are still here, trying their best inside a culture that increasingly feels transactional and emotionally distant. ironically, i think peer level empathy is the only thing keeping parts of this company functioning normally right now. NOT the culture slides... also - not the branding campaigns. not another executive speech about values. just exhausted people trying to support other exhausted people while pretending everything feels normal...

Maybe that’s what makes this whole thing feel sad instead of angry.

Cause I still want Fidelity to succeed. I think a lot of us do. People don’t spend this much time talking about cultural decline unless they actually cared about what the place used to represent. i just think there’s a growing number of us grieving a version of the company that made them feel human before operational... and once that feeling is gone, it’s impossible to rebuild no matter how many internal campaigns or leadership videos get released afterward...

long post huh. no matter what, i wish all the best and hope that, somehow, things will improve.

What have you heard? We have been poaching the cr-p out of Cengage, expect this company to turn in the same he’ll hole that they are. Why are we bringing over that AI slop?