Thread regarding Fiserv Inc. layoffs

A decade ago, Fiserv was doing great

Most of us liked our jobs as opposed to hating it like these days. What happened in such a relatively short period?

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| 1702 views | | 18 replies (last June 28) | Reply
Post ID: @OP+1jyhdrsx4

18 replies (most recent on top)

Long live First Data

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Post ID: @ws+1jyhdrsx4

It really was a superb culture when Yabuki was here. I miss those days so much. I would have given anything to this company gladly bc I felt appreciated. The past 5 years it’s been complete misery and now Fiserv gets the bare minimum from employees the culture is so demotivating and demoralizing. Please ML we are counting on you! Help before we lose more clients and staff..

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Post ID: @w7+1jyhdrsx4

@t0 You didn't left. You are here.

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Post ID: @vp+1jyhdrsx4

I was there ten years ago and loved it. I eventually left on my own because I could not stand Frank and his First Data cronies. We all could tell that he was running the company into the ground. I’m watching the changes now that Frank is gone and I’m hopeful things will get better there.

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Post ID: @t0+1jyhdrsx4

Frank Frank Frank Frank Frank Frank Frank

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Post ID: @mf+1jyhdrsx4

Flush out all First Data sl--e

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Post ID: @hq+1jyhdrsx4

Frank and his stellar MC happened. They were an industry JOKE and now so is Fiserv

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Post ID: @hp+1jyhdrsx4

Frank happened. He did the exact same thing to First Data!

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Post ID: @h9+1jyhdrsx4

If it wasn’t First Data it would have been someone else; your 4% growth rates from your dinosaur banks weren’t cutting it. Jeff knew what he was doing.

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Post ID: @gd+1jyhdrsx4

I joined Fiserv because it "WAS" a great company...little did I know I joined at the worse time and have yet to experience the greatness it once was.

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Post ID: @dq+1jyhdrsx4

We put stockholders ahead of customers, and gutted the company doing it.

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Post ID: @bw+1jyhdrsx4

Change in business strategy.

Before leadership was working to make the business better. But now Fiserv is working to make the numbers better.

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Post ID: @bf+1jyhdrsx4

Frank happened

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Post ID: @b2+1jyhdrsx4

Please stop blaming First Data. The sane thing happened there. It’s been reported here several times that the KKR buyout ki-led First Data. It was a great place to work before that.

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Post ID: @b1+1jyhdrsx4

Frankly, First Data happened. Aside from the obvious erosion of morale from layoffs and draconian surveillance, this is also the point where the management strategy of long term stability by pursuing the absolute best tech changed to making the quarterly financial statement as juiced up as possible.
From the top down, we stopped being a technology company. Managers that came in didn't understand their products. Figuratively, we shifted from Silicon Valley to Wall Street.

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Post ID: @ac+1jyhdrsx4

Don't forget we were predominantly permanent work from home. This singular preexisting condition allowed the company to be so successful when covid hit. People with short or no memory forget this point!

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Post ID: @a4+1jyhdrsx4

First data. Yabuki gone. Sapience. Badging. Insane hourly requirements. Staff support. Layoffs. Departments decimated. Knowledge gone. So ???

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Post ID: @a2+1jyhdrsx4

First Data happened.

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Post ID: @a1+1jyhdrsx4

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