Is there more impending doom (layoffs) in the coming weeks? Of course it’s always on the horizon, but anything concrete like this most recent one. I know Frank’s favorite gift was a holiday cut to repay us for all of our hard work throughout the year, so I wonder if Takis plans to keep that tradition going.
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Directors and above; now until EOY.
@OP No more wide spread layoffs. Just restructuring.
There won’t be widespread layoffs; if your boss wants you gone or you’re in a doomed facility you’re at risk, but the large-scale is over for this year. I know.
B
12/31
@gw I only know of the 3k being laid off (I'm one of them).
Did this Sept layoff round include those guys? Or is this a separate round of layoffs by business unit?
@gs stock gains were purely on the higher EPS due to large stock buybacks and slower attrition leading to flat revenue. You can MAYBE argue that the purely expense focused Project Elevate led to more free cash flow for stock buybacks, but that’s about it.
Best of luck. People transitioned to infinite getting cut daily. Decades of knowledge gone before the holidays.
With Mike's project elevate coming to fruition and elevating the stock price, maybe there won't need to be as many layoffs. Nice work Mike!!
There are still a lot of leeches around. Takis be brave take them out!
Yes there will be.
Global p(doom) is 10%, but Fiserv’s thanksgiving p(layoff) is always 50%. Keeping up the tradition. it's the realignment of leadership or realignment of resources email arriving right before Thanksgiving.
@bx I second this. It's the Fiserv way.
The unusual part was the Sept round of layoffs because that sh-t was reported to the public when it was tied to stock price.
Traditionally, this place does them around Thanksgiving and again around Xmas. That's 'normal' here.
This site is prophetizing the week after thanksgiving. Based on what, i dont know.