An email went out today advising that the Manilla office added 155 jobs there this year and expect to meet their goal of hiring 600 by the end of the year. This is not a good sign for US workers.
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@OP At least families are being fed.
TSYS was once a booming campus as well until global came along.
@48q Discussions about the future of the HSC are ongoing. We should know more as we approach the Worldpay acquisition closure. I agree with you, I do not see that facility surviving.
The HSC is a ghost town. Makes no sense to keep it operational as it’s maybe 1/4 full. I look for whomever remains to go full remote. Very sad as it was once a full on campus, has great amenities that were once fully utilized.
HSC is what they call the heartland office.
Absolutely. They could treat people fairly and still thrive but they want more more more more more... Eventually they will push people too far.
The millionaires will gladly throw every single one of us and our families out into the streets for a few more dollars.
What is HSC?
I heard today that HSC stopped all payments to all bills. Not just contractors but utilities as well. How does HSC serve our millions of merchants if the power is off?? Maybe just a rumor but not feeling great ATM ab my job
They took er jobs
The Worldpay deal hasn't closed yet. These savings are to make sure GPN hits it's number for 2025. If things were going well, we would have saved these actions until the WP deal closed so we can count them toward the 600 million. But the 2nd half of 2025 must not be looking too hot. And we still have to cut the 600 million once the deal closes - that's when the synergies will start to be tracked.
With the Worldpay acquisition, GP needs to deliver 600 Million in synergies. There is no way to achieve that with process and maintenance efficiencies alone. They have to outright cut staff (process started at Worldpay and GP over last 30 days) and move positions to lower cost locations. That's the only way the math will work.
It's such a shame as so many talented people have been and will be let go. Quality will suffer in the name of short term profit and in the long term GP and or Worldpay will probably change hands again.
@OP What email? Who were the recipients? I did not get that or missed it!
Nope not a good sign at all. I know of at least two full teams in the US that are being cut but have to train their counterparts across the pond on their way out the door. So many good folks with decades of experience and knowledge headed out the door. Hard to swallow. Just a matter of time before I'm training mine I guess. 🙁
That is the plan. Replace expensive U.S. labor with cheap foreign labor with a high turnover rate. When the foreign labor demands higher wages then the wage disparity will not be that great and the foreign labor won't be much of a bargain. You get what you pay for. At some point the machines are going to take over and then there won't be any labor costs, just maintenance costs.