Has anyone else noticed that half the leadership in TX SAM has left in the last year? What is going on over there??
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Fiserv President has resigned
What should we know? ...See full article: https://www.linkedin.com/posts/bryanclagett_fintech-payments-creditunions-share-7480737705392287744-i6sg/?utm_source=share&utm_medium=member_desktop&rcm=ACoAAACq7UQBsrEhzsmtOcUrxPw12id8cFohgfI
MIX Call/Katz exit call
Is anyone on that call? How is Andre going to lead a marketing department when he has no energy and seemingly no experience in marketing.
Also seems like Katz was pushed out.
Takis - Changes need in FIG
The Segment leaders have been over promoted. Most have never delivered at Fiserv and then we put them in more impactful jobs hoping for different results!
FIG is heavy in the SVP area (ex - Core Sales, 3 SVPs managing a handful of people running Core migrations. Same in the RM area.. lots of Chiefs and then lots of Chiefs that have Zero knowledge of the business. Clients are frustrated!
Net new logos SE team logs a lot travel expenses... where are the new sales? (ZERO because they are visiting existing clients because the leadership is measuring T&E as productivity!!!!!) - Measure SALES and Golf, Steak and Wine dinners - so much waste in that group.
If you REALLY care to know where the skeletons are... call / interview the tenured SVP and VPs that exited in the last 6 months since Divya got there. They will tell you why they left and what rocks to look under! The institutional knowledge lost is mind numbing and the clients are suffering.
Lots activity and no results. FIG is never a double digit growth business. But, it is also not a negative growth business. The people you have left there will sink it further.
And.. yes, I have tried to speak up... no one cares! The SVPs are merely trying to get to the next paycheck and vesting... they are not driving CHANGE!
Company in distress
Based on my experience, I would encourage candidates to do thorough research before accepting a position. During my interactions with the company, I came away with concerns about leadership, the hiring process, and the organization’s direction. The interview process felt disorganized and left me with little confidence in how the company was being managed. Given the recent layoffs, I would carefully consider the stability of the role before making a decision.
Starlink Is Coming. We’re Counting Badge Swipes.
While Starlink is pushing the industry forward and Wall Street is raising concerns about what that could mean for AT&T, we’re still consumed by RTO, presence reports, and building a new headquarters. That’s the only focus here and it feels completely backwards.
Instead of talking about how we’re going to compete with Starlink, people are talking about badge swipes and making sure they sit in a chair for eight hours before heading home. Time that many employees once spent working extra is now spent commuting. The result is 8&skate culture where people check the box, do their eight hours, and leave. That’s not how you build an innovative company, but that’s the culture Stink has created with RTO, FTW, and Presence monitoring.
At the same time, we’re spending billions on a new headquarters nobody wants while facing one of the biggest competitive threats the company has ever seen. Shouldn’t the priority be improving our competitive position, controlling costs, and attracting and retaining the talent needed to compete?
The conversation should be about how we beat new competitors, not how many days people are in what office. If leadership wants this company to be successful, the priorities have to change. Right now, it feels like we’re looking inward while the competition is looking forward.
Time is running out, and if things don’t shift soon there won’t be an AT&T left for these egos to lord over.
Dirtbag Chris Sambar now with T-mobile
https://www.lightreading.com/business-management/t-mobile-hires-former-at-t-exec-chris-sambar-for-b2b-push
BAIN, if you're listening...
Good move on Travis V. He was obvious, d-mb as dirt.
However, you need to do the same for the rest of the clowns in ISG - Directors, VPs, SVPs. A couple are okay but most have no business doing what they're getting paid to do. Just look at their track records. Their failed records speak loud and clear who should hit the bricks.
How Dell managed to bring in so many incompetent dipshiiiits in high ranking positions is a mystery.
🏆 The Spring Campus World Cup Final: SWN vs. CHK Match Status: Full Time (But the real penalty happened in the locker room)
The Headline: SWN players were caught offside by a merger they thought they’d dodged. Management’s quick counter-attack? A "Right-Sizing" strategy that involved more math on a yacht than on a spreadsheet.
The Post-Match Press Conference (Transcript):
CEO: "Excited to announce our Q3'Right-Sizing Journey'! We’re saying goodbye to 200 amazing humans… I mean 'redundant synergies.' This was a hard decision I made alone, on my yacht, which I am not laying off. To the team we’re losing: you didn’t fail us. We failed at basic headcount math. Again. #Grateful #Leadership #ProbablyBuyingAnotherYacht
Excited to announce our Q3 “Right-Sizing Journey”! We’re saying goodbye to 200 amazing humans… I mean, “redundant synergies.” This was a hard decision I made alone, on my yacht, which I am not laying off.
To the team we’re losing: you didn’t fail us. We failed at basic headcount math. Again.
#Grateful #Leadership #ProbablyBuyingAnotherYacht
Focus on being the payment processor not the software provider
It amazes me how many d-mb decisions those above me in leadership make. They call in multiple 3rd party companies to direct them when they have thousands of people who have worked hand in hand with clients everyday for multiple decades and know what they want.
Investing in a POS solution wasn't Genius at all. Global put it's self in a market that immediately made all of your biggest partners leave because you are now the competitor.... Instead of increasing what was huge partnerships to just handle the payment processing. Both Tsys, Heartland, and Global all had 1000s of large partners and the companys were profitable but Global blindly decides to disrupt its own base and wonder why they are going broke... Get back to the foundations and focus on being the best payment processor and partner. You cannot compete in a software world where anyone can build their own POS now. Focus on being the payment partner of choice for every software.
Writing on the Wall
Well just checked multiple Sr Director and VP calendars and looks like some groups met already to proceed forward with next weeks rif.... its rare to see all of them meet same day/time and of course you can check the same day for prior weeks to see its not a normally reoccurring meeting. So I guess the lists are made and finalized, and Sr. Directors now know who is on the cut list. Obviously they can't share it early but I wish they could, just so we dont have to think about it for another week. My manager is concerned and I can't blame them... things just feel super weird lately.
Cameron Brady getting fired?
Someone posted that he may be getting fired. Is there any merit to that claim? I know most people think he should be fired but I’m curious if there is any merit to the claim that he will be fired
Tool of the Board
I've always believed Dan was brought in to be the fall guy for what the board really wanted to do. At least from a reduction standpoint. I think the never ending focus on AI is more him than the board because he sees himself as a visionary. Or he wants to be seen/remembered as a visionary. That said, the one thing I heard consistently (in addition to being a hatchet man), was that Dan was not a fan of outsourcing, yet we continue to do it. Why?
So has he really changed his methods or is this more the board's decisions and he's just the face of it now...? Did AI make him do it?
Any feedback on how the new leaders are doing?
How are the new leaders? Are there more restructuring or layoffs?
I am rooting for the grizzly bear
The leader of the largest division of Canon USA has tunnel vision and is simply focused on spreadsheets and not the real problems that trouble WTS.
If you want to other people to help sales out start off by looking in the mirror. What have you done for the WTS sales group since you took over in January?
For starters we have seen more price increases to both hardware and service while you admit the market it declining 5%-15% annually. You want us to sell more IT services but you don’t want to pay us. We can’t make more than a 2% override these days and our income is significantly decreased YOY. We then got stuck using this awful product called Google. Let’s not address the fact that not one person has acknowledged this was a great move. We simply don’t talk about it anymore because your mother told you if you have nothing nice to say don’t say it.
So when you tell those who work within WTS to help others, what have you done?
I am rooting for the grizzly bear!!!!
Leadership News
PLs have been given some insights this week. But are not saying anything.
Anyone wanna pop on this site and tell us what you were told this week.
Where is the Survey???
We was told the annual employee survey was supposed to happen in June. Still nothing.
I have to wonder why… Are they worried the results will look like they did last time?
Because the feedback has been pretty clear… Employees have been saying the same things over and over, five-day RTO is hurting morale, the presence report is damaging trust, and people feel like leadership isn’t listening.
The action plans that come out afterward have become a joke. They check the box, put out some talking points, and nothing changes. They never actually address the issue employees are raising.
The answer isn’t another mental health program or another communication campaign. The feedback has been loud and consistent about what the biggest problem is.
At some point, leadership has to decide if they actually want honest feedback or just feedback that confirms what they already believe.
If the strategy is working, release the survey, get the results, and prove it. Or are you too scared to get your ego bruised again, Jon?
The mediocrity of Middle Management at CENTENE- SUNSHINE in Florida
I am astonish to discover after some research, how many of those middle management people at Centene have just a high school or just or just a CNA. I cannot reasonable understand how they can provide with real leadership and evaluate people in a real balanced way. What can we expect from people without any education to The Cost-Efficiency Model: Corporations often prioritize the ability to "do more with less." A manager who can reliably enforce corporate mandates and keep the department functioning within budget—regardless of their academic credentials—is often viewed as "effective" by the organization, even if they lack the capacity for the systemic, empathetic leadership. I understand now, why the government is checking and following the health care organizations....
How low can OpenText leadership go?
As expected, my LinkedIn feed for the last 18 hours has been filled with former colleagues announcing they had been kicked to the curb by OpenText.
But in a new sick twist, a number of remaining employees have taken to LinkedIn to crow how they were promoted over the past two days. The posts all read the same as if they were told or highly encouraged to post and what to post.
In addition, there were posts (on the same day as their colleagues being dumped) celebrating the addition of new employees.
There is no doubt that ELT and HR have orchestrated this to cover up the nasty truth that a number of talented, hard working, productive people were sacrificed to almighty Canadian dollar to make amends for the sins of Tom Jenkins as he leads this company to ruin.
OpenText under the leadership of Jenkins, the clueless BoD, Bell, Muhi, and the rest of the clownshow ELT has become classless and hopeless.
Unwittingly, OT is showing what it really means when they say the company is "Canadian by design" ... Incompetent, fractured and losing relevance.
We can't tell you
So said a senior leader when the numerous questions from the front line staff about any further layoffs were brought up. Those doing the work are so down and depressed about the circumstances that the managers approached senior leaders to inquire. The answer was "we can't tell you." That really perked the crowd up and inspired them to produce better work (not really).
Today we got another proof…
How this company is so backwards. We got another ”people team” leadership. How many have we had in the last 6 years?? The out of touch CEO have no clue how bad it is here and no career trajectory for anyone unless you are a former GS executive or best pal with the EC.
Time to take summer vacation!
Good riddance SH
Scoreboard doesn’t lie
For years we’ve been told the next initiative was going to turn this company around. First it was five-day RTO. Then it was AI. Then workforce reductions. Then another reorganization. Then a new headquarters campus. The strategy keeps changing, but the underlying problems don’t.
Meanwhile, employees have been saying the same thing the entire time - morale is declining, trust has been destroyed, experienced people are leaving, and the company is becoming a harder sell to younger talent. Instead of asking why so many people are saying the same thing, leadership keeps doubling down and acting like the employees are the problem.
At some point you have to stop blaming the workforce and start questioning the strategy. Success isn’t measured by how many people badge into an office or how many presence reports get generated. It’s measured by whether people want to work here, whether great candidates want to join, and whether the business is actually moving in the right direction.
The market eventually exposes every bad strategy. Employees vote with their feet. Candidates vote by accepting offers somewhere else. Investors vote every day the market is open. Those are the scorecards that ultimately matter… not another memo telling everyone the strategy is working.
Nothing about this place is market based at all
Six years is enough time to judge a strategy and its results. Nothing has improved.
Leadership shouldn’t be evaluated by speeches, memos, or slogans. It should be evaluated by results.
Has the company become a more attractive place to work? Has it become easier to recruit top talent? Has morale improved? Has the culture become stronger? Has the strategy delivered the long-term results shareholders and employees were promised?
Those are the questions the board should be asking and the answer to every single one is NO.
I think it’s fair to ask whether the current strategy and the leadership behind it is the right one for the company’s future.
No leader should be immune from accountability. A truly market-based culture should hold leadership to the same standard it expects of everyone else. Nobody else with this poor performance would still be around. Get this loser out while there’s still something to save.
Any medical device company that thinks AI...
Any medical device company that thinks AI is here to disrupt it are foolish and wrong. AI is here to disrupt mo--ns like every EVP and SVP at this company that can’t read or reply to emails on time and it’s here to definitely stay in manufacturing and will be utilized in imaging but when it comes therapy, AI will ki-l people and GM is the biggest id--t for not understanding this basic thing. Cathworks will prove it that GM acquired a fu--ing science project while scientia will pay dividends for years to come
Go Bill
I’ll probably be in the minority, but I think Bill Brown is exactly the leader 3M needed.
He came in with a plan, had the courage to make the tough decisions, and is executing it without wavering. That isn’t easy, and it certainly isn’t popular.
Yes, the layoffs are painful, and my heart goes out to everyone affected. But leadership isn’t about avoiding difficult decisions—it’s about making them when the long-term future of the company is at stake.
Bill was hired to transform 3M, not to preserve the status quo. From what I’ve seen, he’s earning every cent by making the hard calls that many before him avoided.
History will judge whether he got everything right, but no one can say he lacks courage or conviction.
Don't take the bait!
Hey everyone, let's stop falling for the bait. People are testing our responses to see if leadership comments here. Having a positive, negative, or neutral opinion just means people have different thoughts. It doesn't make them leadership. Don't let them trigger you.
I'm surprised they let it go as long as it did...
I'm surprised Dell leadership let PPDM continue for as long as it did. BAIN, on the other hand, appears to have looked at the business objectively and concluded that enough was enough.
PPDM was a loser from the beginning. Engineering consistently failed to deliver on the promises made. Deadlines slipped, key deliverables were continually missed, quality issues persisted, and eventually leadership stopped publishing roadmaps altogether. Instead of making commitments, they lowered expectations.
Meanwhile, the competition was innovating three to five times faster, continually widening the gap while PPDM fell further and further behind.
Much of this traces back to poor leadership. Travis and his Data Management organization made one questionable decision after another, all while operating with no sense of urgency. Customers paid the price. We lost account after account as organizations abandoned PPDM because they couldn't get it to work reliably at enterprise scale. Eventually, we stopped actively pitching it or selling it because confidence—both internally and externally—had eroded. One customer even told us they would show us the door if we ever mentioned PPDM again.
The layoffs under BAIN are difficult, and no one enjoys seeing people lose their jobs. But restructuring is sometimes the inevitable consequence of years of poor execution and weak leadership. At least there now seems to be a willingness to make difficult decisions based on business fundamentals rather than continuing to pour resources into a failed strategy that wasn't delivering results.
They Got a Good One!
C Sanbar to T-Mobile
https://www.businesswire.com/news/home/20260707712752/en/T-Mobile-Appoints-Chris-Sambar-Chief-Enterprise-Officer-and-Evolves-Leadership-Team-to-Advance-its-Next-Era-of-Strategic-Growth-and-Innovation
Who is selecting these executives?
The track record of the CHRO and CEO in selecting talent is abysmal. The batting average must be less than 2 out of 10 have made it including Franks failed selection of Mike Lyons himself.
Where is the Board? Surely the Talent and Compensation Committee Chair must be witnessing this failure. Divya alone will cost the company millions.
Share price back over $10
Execs doing a great job, motivating and inspiring our employees. Winning in the marketplace.
Cream always rises to the top.
The market reacting accordingly.
Unqualified Dhivya out!
Such a great day for Fiserv. She caused more problems than she fixed, and she can’t even speak properly during conferences.
Akira
Just looked at Akira org chart. They have more VP and directors than actual employees. This is gonna be a blood bath
Answers (perhaps) to the "why's" of Edward Jones ELT
FYI - Psychopaths: in corporate America, that number jumps to 3% to 21% for senior executives. This means 1 in 5 business leaders can have psychopathic traits. This is the same rate seen in prisons.
Mike Katz leaving…
Wasn’t it expected
Dhivya is out…what does that mean, realistically?
Lots of commentary here calling for her head and what I expect will be lots of relief, too.
But realistically, what changes do we expect from this?
Mike Lyons Was a Bad CEO
Nice guy but poor strategic moves. Thank god it’s being cleaned up and Miss. AI gets her golden parachute before she could blow this place up any further
Dhivya Is Leaving
Just announced at 4:22 via internal email. I audibly said "thank goodness!"