Came down today. Number affected unknown.
22 replies (most recent on top)
@kf Yes certainly India is safe from having their jobs shipped to India.
@kb low cost locations are being invested in - pretty sure Poland is ok (as well as India obvs)
To our Polish co workers, did your job get shipped to India GCC also?
@fs what dept? I knew a few are affected.
Gunjan is also at Polish Elavon office right now, wonder what will mean for folks in Europe
@jd That's the case for the entire company.
@fn i realize anything on here will be taken with a grain of salt, but they are moving business functions to India. We were told in our group that there will be chunks of our org moved to India in 2027.
Elavon/MPS has all kinds of problems of its own, primarily lack of leadership/lack of experience, still getting out from under some very, very bad hires in very important settings and significant roles, more layoffs will plague Elavon/MPS through 2027 until the bank realizes their acquiring business has gone from the pretty house in the swanky neighborhood to a fixer upper on the wrong side of town. But bad things happen when you don't understand your own business, with leadership more concerned about the next big meeting rather than actually meeting revenue, production, implementation and deliverable obligations.
And honestly, if the stockholders see this as positive, they’re just as fu--ing piece of of sh-t as anybody else fu-k them
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It doesn’t matter if India or Poland or the Philippines can do it cheaper then you can kiss your a-s goodbye cause his bank is a piece of sh-t. Call it what it is a piece of sh-t.
People in our area where released as of yesterday (AS SOO AS TOLD GONE)but technically employed until December 11,2026. So they get to be at home for the next 30 days doing whatever they want getting paid. PLEASE GIVE IT TO ME!!!
@fh I don’t doubt that’s a distinct possibility, but is it a confirmed strategy or are you only (justifiably) venting? It could make a difference for other teams to understand if positions are being slashed for cost savings or whether entire functions are being moved to abroad.
Laying off to rehire in India for a cool $25K a year.
@dy so they let you go same day? They didn’t make you wait?
@e6 They're not "laying off everyone", they're laying off everywhere in the company and Elavon is having its moment. The employees I know of from yesterday's layoffs were all in the US.
They must be planning to sell Elavon if they are laying off everyone.
Is only US employees being laid off or included are the other countries?
@bs I was hybrid, got a meeting invite to say today is my last day. All my reviews were excellent, RTO above 63%. The reasoning behind the layoff was economical cuts!
Do not get caught off guard, no one is safe. GK is running this once amazing bank (under Richard) into the ground.
12 in Payments CRO today. Everyone I know of was remote but only know a few specific names along with the total number.
In office will not save you
One group, small, was not remote. Came into the office and exceeded 60%. Others under the same umbrella are hybrid but don't show.
Seems to be remote employees so far.
Layoffs announced in the product universe, notice published on the intra-company website, reorganization, several moving parts