Share any updates you may have about Fiserv layoffs? Any chatter, news or rumors?
22 replies (most recent on top)
I was laid off from Fiserv back in 2019, right after the merger between two companies from my 18 years of hard work. I still have not been able to find role that I really like. I've been hoping from one job to another. :(
I work for a customer of Fiserv.
Fiserv is now pushing back on our work request and citing lack of resources to do the work.
Makes no sense to layoff people, but then say you do not have enough people to perform the work, but it is typical corporate thinking.
https://twitter.com/TheLayoff/status/1577701279073292289
I survived but I heard 2,000 Fiserv employees were laid off yesterday!
What most people do not realize is when a company gets this big in the market. It’s doesn’t really matter how bad their service is. They just buy up all the smaller company’s forcing the same employees that left to have to be fired again because they tend to make more by leaving fiserv.
I was laid off yesterday from the Coral Springs location.I worked in building two with the Bank of America Merchant Services . It's also known as Fiserv 49 %
well they fired 25 people yesterday and upper level management on Fridays. wfh about 15 in two days. they offered severance package.. they got sued for the robo calls. I was closing at least 10 accounts on daily basis... looks like the $ they got from the pandemic is gone. it's really ghetto environment and unprofessional. management is terrible. it's a living he-l I'm happy it's over.... looks like crapserv is going down.. FB is going to do the same thing he did to fd. merchants are very mad the service is terrible
4 employees including me have been let go in the past 3 months on my team. The whole return to the work place is the main focus for senior leadership and they are firing people that can and have done their jobs remotely for the past two years.
This still seems like carry over from the firstdata "merger". Do not apply to work for this company. It's leadership is horrible, they never respond to questions or concerns.
I was performing automation QA scripting. They spoke in terms of KPIs. When I found a serious bug they said the defect will be caught by another script and did not care.
I noticed that they got rid of a few high paid employees. And management is acting very strange. They seem to be under alot of pressure and things are different from one day to the other. Something is up I'm at the coral springs location
Let's be honest. Fiserv isn't a great company to work for regardless what they have published in any article or magazine. Fiserv is a rebound case for most external hires and a well for who joined since Adam's. The SVP layer is full of oblivious personalities, especially in the Issuer Solutions BU. And the EVP doesn't want to listen to the truth and keeps telling himself and the Town Hall that everything is great and we did a great job whereas only good thing they have done is keep relationships alive. As a competitor and ex-Fiserv my plans would be to sign-up huge conversion dividends to take away Fiserv's top clients and they will be shut down in less than a year. So, if you have stocks pull them out and invest in Marqeta. Fiserv is going downhill and the only reason some top customers are with Fiserv is because of old trusted relationships which is about to expire in next 3 years. Take the top 5 clients away and they are finished. 75% revenue is from top 5. The Product team is not in sync with Technology because Product team has only marketing folks with no true product mindset or innovation.
Doesn’t matter to me. I’m finalizing an offer to go work somewhere else. I’m jumping off of this sinking ship now.
We are already in who-will-turn-out-the-lights mode.
So that guy's cousin might be right.
So a friend of my car mechanic's gardner's cousin told me that FB is planning a ~5% RIF per quarter moving forward. Flush out 'seasoned' (aka highly compensated) employees and bring in green (aka cheap) button-pushers.
OFS areas, especially AP, to be impacted hardest.
Basically, to send OFS biz lines into keep-the-lights on mode, and shift investment to higher-margin OFD biz lines.
Principle of no jab, no job to be applied to all.
Based on history, March/April will be another bad time for employees. So sad what’s happening to our company.
The astronauts are he ones that ride this thing: https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fcdn.geekwire.com%2Fwp-content%2Fuploads%2F2016%2F06%2F160619-blue8.jpg
Kidding. They are the people "allowed" to work from home. For now.
Who are the astronauts???
Common Sense 101: anybody deciding to stay, please create a resume' or update your relic of a resume'. I don't care if you're staying for 3-6-9 months, 1-2 years, or God forbid...longer, be in the driver's seat, always. Plan B, C, or D applies here because...
...many of us already know that the C-level truth at this company is subjective. Their truth might not be your truth. In life, preparedness is a highly under-valued skill.
A massive 20% reduction was pushed back to very early 2022.
The best fintech on the planet will continue to fire and/or alienate all of their top talent
There will be a second wave of layoffs (relocate or leave) that impacts the “astronauts” once the dust settles from this first round happening most groups now.