At least President's Club is still on

Reading the flurry of posts here is tough for me as I'm sure it is for many others with survivor's guilt. Can't help but want to leave ASAP from this sinking ship. FWIW, here's what I learnt about the situation today (some of it repetitive of what's already been shared).

This is a pilot initiative affecting CIO, Dev and PS.

Affected capital markets solution groups for pilot = IAM (InvestTran, InvestOne) and Data (DIM, PIM, CAM).

Cap markets pilot is just for these solution groups in 2026, with full rollout planned in 2027 across others. Obviously these timelines are subject to change.

LoB (line of business) was kept in the dark until this week.

Effective immediately: people being RIF'd (backfilled in Zensar) and rebadged (moved under Zensar). RIF announcements were made today.

RIF vs rebadge is based on employee grade and where Zensar has offices to take on ex-FIS staff.

But hey, glad that didn't stop the company taking its top brass and the 2025 leading sales performers (and their +1s) to a fancy resort in Switzerland via business class for a week.

For shame, FIS leaders. It's not that we don't understand shareholder primacy, it's just that this all feels like it was so avoidable.

#Company #Culture #Layoffs #Leadership #RIF

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For what it's worth, I've been on both sides, survivor and lay-off (twice). thoughts to those impacted. it's tough especially the friends you lose touch with, the ones that you're afraid to reach out to because you're unsure.

That being said, check on your work friends. They'll need the encouragement and TLC, as they will be hurt and angry. Justifiably so. No, there's nothing you can do to fix it, but you can listen.

@ad no matter, there will still be great skiing for Ian. Why do they think that they live in a vacuum where this information would never get out? Especially now?

@a7 I realise I made it sound as if this trip has already taken place. It has not. It's in a couple of weeks.

@OP Switzerland in March? I wonder if VP Ian McCoy got to ski? He mentioned it once during a Town Hall shortly after layoffs had been announced to an audience which included impacted employees. The only reason to go to Switzerland in March is to ski or shop in the boutiques. So fu--ing tone deaf.

Other parts of captial markets were impacted as well its not just the 2 listed.

Thread regarding Fidelity National Information Services Inc. layoffs

At least President's Club is still on

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