Thread regarding Fiserv Inc. layoffs

Leaving or staying?

Curious about experiences. For those who have left, how long has it been and are you happier? Was it in a RIF or of your own accord?

For those who are still here, do you have plans to leave and if so, how soon? What's the deciding factor?

I'm at the point of leaving and starting to look. I think the ongoing cuts, the lies and the continued toxic culture is my deciding factor. Hoping to be in a new position by beginning of year.

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| 2871 views | | 25 replies (last November 7, 2022) | Reply
Post ID: @OP+1js8iY7a

25 replies (most recent on top)

I left on my own. I could see the writing on the wall of changes coming to my team and i was right. I am much happier now that i have left. Base salary was 25k more, insurance costs less for more, great culture, manageable hours, WFH, no vax mandate bonus potential, RSUs. I was very very lucky, it took me two months to find something. 4 interviews with the company and an awesome recruiter.

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Post ID: @8dgg+1js8iY7a

got an offer for a lot more money and job stability.

Fiserv is a hostile employer actively working against the employee's best interests despite the corporate BS about giving good benefits and silly mental health coach or whatever. Despite all that I will miss my coworkers, they are innocent victims swimming upstream alongside me.

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Post ID: @4coi+1js8iY7a

I was let go and didn’t sleep for 2 nights even though I knew I was better off. After that I started to feel more like myself. I noticed myself laughing and smiling more.

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Post ID: @4hjs+1js8iY7a

I left on my own accord. I’d be lying if I said I wasn’t scared at the time….because I was comfortable with what I was doing and it was all I knew for 20+ years. I even almost rescinded my acceptance at my new employer due to the anxiety of something new.
Fast forward several months….BEST decision I made. Mentally, personally, and developmentally wise. It’s amazing that I didn’t recognize the toxicity until I was gone.

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Post ID: @2hru+1js8iY7a

I am much better off from the RIF. However, they RIF'd me just as COVID hit. Sure, I had three months' warning, but no one was hiring in Spring 2020.....for good reason. I had a 3rd interview for a Fiserv job that would have required a 100 mile round-trip, and a pay cut, but even that job got nixed due to the hiring freeze.

I ended up having to move, uproot my kids, move away from family. But we are all much better off, financially and stress-level. No longer dealing with impossible deadlines and project managers who promise what we couldn't deliver timely. I now work for a smaller company, but I work with people who genuinely appreciate what I do, and for managers who will watch my back.

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Post ID: @2axk+1js8iY7a

According to Frank - the people who stay and live thru the pain are STUPID. Are you stupid? Believe in yourself and your value. Most people who leave end up in better places. There will be a mourning people but in the end, everyone I know is happier. Don't wait for the push out the door.

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Post ID: @2hyc+1js8iY7a

Left earlier this year. Took about 6 months to find something. So much happier. I feel for those left behind, but a lot are slowly leaving.

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Post ID: @2zpk+1js8iY7a

When first starting at Fiserv, I was so impressed by the pretty building in Alpharetta but that quickly changed when I noticed how clichy and unwelcoming my team was, how fake the town meetings were, the bad benefits and constant surveillance. I was told I would be working hybrid but that changed quickly to beingkre days in office. However, now I have better benefits, I go into the office about once a week and I have great leaders who make me want to show up for them. It's a smaller company but I feel more seen and valued and not just a number. I also get paid good money as well. So the grass is definitely is greener!

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Post ID: @2uqc+1js8iY7a

I "left" 4 months ago and am MUCH happier. I was not going to return to the office at Fiserv so I was forced out. Was told to return to the office now or you will be terminated at the end of the month. I had already accepted another job a day or two before the ultimatum, so I put in my 2 week notice immediately.

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Post ID: @1nnn+1js8iY7a

I left from middle manager position on my own accord earlier this year. Best decision I ever made! No one likes to start over in the twilight of your career but it is worth it to feel valued and appreciated. I didn’t realize how I had let the company beat me down until I was gone. Don’t wait, run for the door because liked is far better outside.

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Post ID: @1ysn+1js8iY7a

I was embarrassed talking to clients as an employee of Fiserv. Clients are totally on to the line of bullsh-t they get fed daily.

So happy to be free of that place .... Was so happy when the severance money hit account..

The Fiserv values are a joke...

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Post ID: @1inc+1js8iY7a

What others have said is true- as nerve wracking as it can be to look and make a change the grass is so much greener on the other side. We have been indoctrinated to think that the hours, cutbacks and suffering if our clients would change but yet it has worsened. Realize that the cost of waiting is high- there are a finite number of jobs and a likely recession coming. You can leave now or later under less favorable circumstances- or be forced to. Either way you will likely find a better work life balance, less uncertainty and probably more money to stay remote. Why wait?

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Post ID: @1wpu+1js8iY7a

Fine asap. Sc--w any potential severance. I cannot continue to live with the sword dangling over my head. I want to work where I am valued and that sure is not happening here. Out as soon as the right opportunity comes along.

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Post ID: @1dws+1js8iY7a

@1tlr+1js8iY7a
Jealous much?

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Post ID: @1frq+1js8iY7a

I respect the “astronauts” that voluntarily resign. As someone who is forced to work in the office 3 days a week , I really resent that others can continue to work remote. They aren’t any more valuable to the company. They are just protected by friends in high places. It’s very polarizing and grossly unfair.

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Post ID: @1tlr+1js8iY7a

Left on my own and enormously happy and relieved to be out of that toxic unhealthy culture. Everyone was miserable having to work in office while leaders were remote working from home. Completely unfair and hypocritical. Constant RIFs, no ability to backfill or staff my team adequately. Big brother badge and software monitoring, seeing others you respect and enjoy working with resign one after the other was awful. Nobody had trust in leadership, why would they since they spin everything and apply rules unfairly. I’m sick thinking about all the people that sold their souls and accepted a relo package. They will regret it, if they don’t already. My wish for everyone is to get out. Don’t wait for a RIF. You will be so much happier. Your family will be happier, healthier and you will get your life back! With distance from that place you realize how horrible it is and how disingenuous, manipulative and morally corrupt the leaders are. Don’t fool yourself into thinking it will get better or, that you are too valuable to go or, that you can’t do that to your boss or your team. The sad truth: Fiserv doesn’t care about you! Any day you can land on a RIF list. You are just a salary and you are replaceable. Take care of yourself, nobody else will. You deserve better. My only regret is not leaving sooner.

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Post ID: @1qpc+1js8iY7a

Everyone is just a number on Franks chopping board. No one is protected….astronaut or not. Don’t fool yourself. Get the he-l out of dodge now!

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Post ID: @1krx+1js8iY7a

I was told just over a year ago that I needed to decide to either a) relocate to BH, b) leave the company and train employees in BH how to do my job, or c) stay as long after September of this year as they needed me. I chose 'b' because I felt VERY vulnerable and could sort of leave on my own terms. They also sort of paid you a bonus if you hung around to train someone on your job, so that helped soften the blow.

Initially, I was pretty upset that they were doing this. After all, we banded together to make the company successful during COVID and all the office closures and it felt like such a betrayal.

Now the epilogue... I had a job lined up this summer before I even left Fiserv so I was able to pocket the severance. The company I am with is first rate, cares about their staff, and has already bumped my salary because inflation was high this year. Wow.

Absolutely, I am glad I left. In fact, if Fiserv ever offered me something to come back I would decline them, even if it were significantly more money. The company has become rather hostile and that will not change with current leadership - I do not want to work in such an environment.

I think you can pull off your plan to find something new - just devote some time to mapping out your strategy and making contacts. Good luck.

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Post ID: @uhj+1js8iY7a

I worked for FD for 21 years and was RIF into a contractor. The entire thing pi---d me off so I started applying and networking with my friends. Got a great job lead and landed a job making way more. What FD did was the best thing for me and I do not regret leaving. I will be at my new job 5 years and still love it.

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Post ID: @ihb+1js8iY7a

left on my own accord this year. Definitely don't feel the stress of Fiserv anymore, as an 'astronaut' i was technically 'safe' but knew that with time that was unlikely to stay that way. I spent a total of about 9 months looking before finding a good move and took it. The biggest reason for leaving what the toxicity of the environment that had built up since the FD merger.

If you're miserable look for a new position outside of Fiserv.

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Post ID: @uuk+1js8iY7a

I'm still at Fiserv by the grace of God. I know a lot of friends and workers were impacted by the recent layoffs and quite frankly it's the largest layoff I have ever seen. Anyone left employed at Fiserv should be looking for a slot outside of Fiserv.

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Post ID: @ngk+1js8iY7a

Actively looking and interviewing and urging my colleagues to do the same. I should have started when they stopped paying for a work phone! What cheap a-s company does that? Frank B’s Fiserv, that’s who.

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Post ID: @scz+1js8iY7a

Actively looking and planning my exit strategy. As an "astronaut" I'm surprised to have survived as long as I have, but I want to find a good fit when I leave not just jump blindly

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Post ID: @dlb+1js8iY7a

Trying to get out. Need a position lined up. The constant surveillance is exhausting. I need to log all my hours and basically explain everything.

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Post ID: @ipa+1js8iY7a

Left this year on my own terms. Was definitely getting suffocated at Fiserv with no clear direction and motivation. I am much happier now with the new place... Better pay, perks, work-life balance, and an employer who invests so much in it's people that it's a self motivation factor to deliver and be successful at the same time be happier. Happiness is an emotion that one has to feel from with-in.

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Post ID: @qmu+1js8iY7a

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