Looking at the FIS quarterly report, FIS has paid out $205 million in severance this year compared to $34 million for the same period last year. Also there is a comment, "The Company continues to evaluate its organizational structure and expects to
incur additional severance costs in the fourth quarter of 2025." I wonder how many people that equates to?
12 replies (most recent on top)
Dec redundancies under way. Going to be higher than $205 Mil for 2025 severance
@a9 source?
Don't understand why this sh*t hole of a company doesn't offer up early retirements to the 55+ . They'd have a line of employees at the door that don't want to be here anyways.
@cg where did you see this change?
@ca They changed it early this year. It now caps at 52 weeks. One of the company's few good moves this year.
@c1 It caps at 26 weeks though - not that there is anything wrong with that if you are close to retirement age. I've been here 30 and am also hoping that my end will be with a layoff.
@OP I hope that I get laid off after 33+ years at FIS, I'll be happy to get 2 weeks for each year and ride off into the sunset.
@bj ditto. Quiet quitting.
@a9 I sure hope they lay me off. I've lost complete faith in the company and interest in the job and don't care if I get laid-off. Id be happy to train my replacement so it saves someone else's job.
They don’t need H1B’s. 75% of my team is Indian employees who live there.
Severance budget increase from $34 million to $205 million means they had enough money to keep experienced employees instead of hiring H1B workers to replace them
It’ll only get worse. Severance budget has supposedly tripled for 2026