Thread regarding Fiserv Inc. layoffs

There are no major layoffs in the works, next round of reductions will come primarily from non-go forward sites told to move to KC or bye-bye….

@ce+1jszercw7 no difference at all. This is what FB does - infect a company and then bail with a golden parachute before the crash.

Does anyone see differences in what FB did to FD and what he is currently doing to Fiserv?

Fiserv is ripe for sell-off, or takeover, due to the Senior Leader's mismanagement.

Sapience is driving me nuts. Doesn’t even matter that I’m considered good.

Many are leaving on their own. There is a huge increase in early retirements and people quitting because of RTO and sapience.

Signs of layoff’s coming

Company-Wide Signs:
Hiring freezes and budget cuts:
Companies experiencing financial difficulties often freeze hiring and implement cost-cutting measures, which can signal potential layoffs.
Restructuring or mergers:
If your company is undergoing a major reorganization or merger, it can lead to job losses as roles and responsibilities are redefined.
Increase in consultants:
When a company hires consultants to review processes or identify areas for improvement, it can be a sign that they are considering reducing the workforce.
Declining performance or financial instability:
Consistent financial struggles, missed targets, or a general decline in company performance can increase the likelihood of layoffs.
Rumors and a shift in communication:
A sudden lack of transparency from leadership, frequent rumors, or changes in communication patterns can suggest that layoffs are being discussed or planned.
Individual Signs:
Reduced responsibilities and workload:
If your workload decreases significantly, you are reassigned to less important tasks, or your responsibilities are taken over by others, it could be a sign your position is at risk.
Lack of feedback and training opportunities:
If you are receiving less feedback from your manager, are not offered training opportunities, or are excluded from team activities, it could indicate that you are not valued.
Changes in management style or behavior:
A sudden change in your manager's behavior, such as becoming overly involved or distant, can signal a potential issue.
Being excluded from meetings or projects:
If you are not invited to important meetings or projects, or are excluded from team activities, it could indicate that your position is at risk.
Unexpected criticism or negative performance reviews:
If you are receiving consistently negative performance reviews, or if you are suddenly assigned tasks that are impossible to complete, it could be a sign that your job is in jeopardy.
New or unexpected requests:
Being asked to write your own job description, or to document your responsibilities in detail, can be a sign that your position is being reassessed, according to a post on Reddit.
Changes in benefits:
If the company makes changes to benefits, such as reducing 401k contributions or changing health insurance plans, it could be a sign of financial difficulties and potential layoffs.

Layoffs haven’t stopped since the merger. It’s terrible. I used to love working for Fiserv. I was proud. It’s been a nightmare since 2021 and the first round of major quits and layoffs. Nobody knows wtf they are doing around here except for legacy talent. Legacy talent is hard to reach because they’re so overworked.

I’m a stock owner so it’s bittersweet that the stock finally reflects what a sh-tshow this company has become.

The only hope for this company is for Frank to get his grubby paws far away and have Matt Wilcox become CEO. He is literally the only one of the EVP’s that actually understands the business and is a wholly decent person. I don’t expect much change from Lyons.

• 11 year employee in FIG

FDC was like this for the 21 years I worked for them. Constant layoffs and cuts.

If you work at Fiserv it’s inevitable. Absolutely the worse company to work for.