Has anyone thought that liquidating Fiserv is actually the end game and they are getting as much $ as possible until then? Just look around you - signs of an impending financial crisis are everywhere.
There's always a reason for everything and most of the time it is pure and unvarnished greed.
@wqp+1todAMRV they may not have anyone to sell them to. It could also be a sign that clients are in shaky grounds and want to cut costs. There are many things peons are not aware of.
I believe that to be true In some parts of the business, certainly in many parts of the core banking software. I’m more surprised they are not just selling it off.
I don't think they’d be able to do it. Can’t just shut the power off without consequences. It’s best to think of Fiserv as a utility, like gas and electric. Those things need to stay on. The government would step in.
You are correct. It is better to be in the first half of the people who leave.
When they decide to discontinue your product, they schedule tapered layoffs overtime with the critical employees staying on indefinitely. In reality the critical employees are some of the first employees to leave. Suddenly you become the most experienced employee for a component you have never worked with before.
Planned or not, I will be leaving before Summer is over. The product I support appears to be setup for a long, slow death but I do not plan on being around to see it happen. I feel bad for leaving the co-workers I work with every day but it isn't worth the stress NOR is it worth a few extra months of having to drive to downtown Milwaukee.
You may be correct. KKR has a history of buying firms on bad stock and liquidation over time. Henry Kravis is a rich man indeed. Only Gerstner from IBM fame as brought into Reynolds on the condition that he NOT destroy the firm. So this is not a far-fetched notion and staff should review job positions on this basis.