Leave it to FB to turn a performance bonus into a retention bonus--certainly carries air of desperation. What a great holiday surprise! First we change bonus from all immediate cash to split of cash and restricted stock you can't touch for up to three years--now this. If people believed or understood the vision--or trusted senior management--you wouldn't need to bribe them to stay. The higher the level or better the performance, the heavier the shackles. #FiservSad And of course this is only being disclosed now and not a year ago. Those who can will go.
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The explosion of needless micromanagement is crushing. The loss of knowledge and experience is growing in impact each week. Non-sensical business decisions are made quickly and easily, but any requests for meaningful help are deferred and delayed until the requestor gives up. Seeing so many colleagues who were dedicated and engaged pushed out wears on everyone's work ethic and drive to do their best work wanes. All the turnover in past year has made for a company of strangers. Melancholy rules. Kneejerk responses about "resisting change" don't help. People stopped caring when the company did. #FiservSad