Thread regarding Fiserv Inc. layoffs

Fiserv will not hit its EPS targets of $7.50 this year

Company is struggling in q3 and there are many manipulations going on that procurement and finance is privy to. They laid off 3000 plus another 2500 have quit. Fiserv has bought all their unvested stock to drive the price up to no avail. Leave while you all can. Great time to move. Don’t crib, just find something good and move on.

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| 1571 views | | 6 replies (last September 14, 2023) | Reply
Post ID: @OP+1oBOJa43

6 replies (most recent on top)

Revenue is def down, they are trying all kinds of crazy tricks but clients are not buying. They are sick of being treated like $hit from Fiserv.

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Post ID: @fum+1oBOJa43

My Director admitted last month revenue is way down. They are hunting to find projects they can close and bill

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Post ID: @nrw+1oBOJa43

The one who said fake news was a paid bootlicker. The financials are pretty bad. across all divisions. Buyer beware.

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Post ID: @wbc+1oBOJa43

@kns+1oBOJa43

And shilly confirms that this is a true post.

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Post ID: @bgw+1oBOJa43

Lol. The financials su-k. That's why they keep throwing these wild haymakers to cut costs and try to offset. Who in their right mind drives their product teams into such severe understaffing if financials are in "great shape".

The bottom line is that the company was handed over to a band of nitwits with antiquated values and beliefs. That's a recipe for disaster for a tech company. They don't care about clients, employees, service, or doing anything to help anyone other than themselves. And the hysterically ironic part is that no matter how hard they turn the screws, they can't dig out from under to impact the one thing they care about - cashing out.

It's like watching a bunch of hobos try to build commercial real estate.

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Post ID: @avj+1oBOJa43

Fake news. The financials are in great shape

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Post ID: @kns+1oBOJa43

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