This company looks to be back on a 15% annual return again. As long as execution continues on pace, the staff reductions should greatly diminish. 2021 is looking like a big year and a strong workforce will be needed
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JFC the kool-aid drinking that goes on around here is f—ing unbelievable
I can confirm the contract to hire positions. I was told that we have open positions that opened up, but they are contract to hire positions. What i heard was that we want people to fill a position with minimal experience that are struggling to get jobs and we will have to train them.
This means we have a new meaning to sh—show.
Is much better at a new company
At first I was upset about getting an end date but after watching the actions of Fiserv for the past few months, I'm grateful. I've never seen a company operate with such a lack of moral fiber.
Here is the reality, if you were on the list, you are still in the list. It's a numbers game. They have to get rid of FTE salaries and replace them with contractors.
It's some kind of finance thing and if you work on integration, you exit the company. So yes we are hiring like crazy to fill open roles with folks with absolutely no org knowledge and exiting people with years of experience. I'm embarrassed for leadership as they are too misguided to be ashamed of their own actions. Counting the days left...
Long Term Outlook: 2021.
Five months is long term now?
Yeah, sure. The layoff-go-round machinery is about to start up again - a huge round of hiring followed by a massive round of layoffs 18-24 months later.
Thanks but no thanks. My days of playing the good-ol-boy games for long hours and a c-appy salary are done.
Bad leadership = bad stock
Maybe get above 100 before you get too excited sparky
I have doubt that we will get a strong workforce for another year or two until we see a slowing attrition. I'm seeing knowledge and talent leaving quicker than we can get replacements. I'm seeing that jobs are going up as contact to hire, which means we wont be getting top tier talent. The results would be getting people that have to be trained, which could take 1-2 years before they become totally effective in their hired roles.
Amusement - as long as execution continues. That could read either management execution of plans and policies — or execution of remaining staff. LOL
Not the most constructive reply but thanks