At this point, being offered a chance to relocate or be laid off are the two sides of the same coin. If you've been talking to people or even just reading all the posts here, it's clear that choosing to relocate is just a temporary reprieve. So many people have uprooted their families for this company just to find themselves without a job a year or two down the line. How is that supposed to be a better option? Or an actual choice?
16 replies (most recent on top)
"I keep hearing people mention NJ as the only option for relocation. I was given 4 options to choose from. Are we all being given the same information?
Additionally, I have acquaintances that have always been wfh in a few different business units that haven't even been talked to about this. So is this truly a company wide policy?"
As has been stated numerous times before on this forum, the locations you are given are dependent on your BU. For FOS, it's Houston or Omaha. For cards, it was NJ. For another friend of mine, she was given the options of Coral Springs, Alpharetta or NJ.
There is no discrepancy here. Those are some of the 7 go forward locations.
There are many people that have not yet been affected by the policy. I would wager, based on what has been reported here thus far, that the policy will roll out to all employees within a year or so.
I keep hearing people mention NJ as the only option for relocation. I was given 4 options to choose from. Are we all being given the same information?
Additionally, I have acquaintances that have always been wfh in a few different business units that haven't even been talked to about this. So is this truly a company wide policy?
I'm just asking for proof to back up the claims being made on here, you have provided none.
*"@num+1drSGR9B I'm not in denial, I'm asking for where the quote about closing 100 offices originated from.
The fact of the matter is that I can't talk to my manager or coworkers about this until someone can validate the origin of this quote "The company has closed or is in the process of closing around 100 U.S. offices as part of this initiative, the memo said."
I've been asking for almost a month now and no source. Why is that?"*
Stop being obtuse.
- Nothing is stopping you from speaking with your manager or coworkers about anything, even unfounded rumors.
- The source is the Milwaukie Business Journal.
- You're an employee. Put on your big boy pants and speak to Ann Cave directly.
Really, seriously. Stop being obtuse.
@num+1drSGR9B I'm not in denial, I'm asking for where the quote about closing 100 offices originated from.
The fact of the matter is that I can't talk to my manager or coworkers about this until someone can validate the origin of this quote "The company has closed or is in the process of closing around 100 U.S. offices as part of this initiative, the memo said."
I've been asking for almost a month now and no source. Why is that?
"They are not making any promises to anyone who relocates that they have a job for xx years, they can't, because it's a numbers game for them not a loyalty to employee game. "
This, right here.
First, I would never relocate unless the company put, in writing, a contractual obligation to keep me employed at the destination for at least 5 years - backed up with a bond, if necessary.
Of course, Frank would never extend that courtesy to anyone who isn't VP or above, so that's out.
Seriously, folks. Don't. The only exceptions?
- you're young and/or single, and the destination was somewhere you wanted to go (okay, let's say you have family in NJ...)
- The destination was awesome, like Florida, or Hawaii - New Jersey is quite the polar opposite of awesome, so this is out.
- You seriously want/need to leave where you live now (e.g. the Antifa-run septic-tank better known as Portland Metro).
Given that the company has 44,000 employees that means 41,000 of us are not effected. Right?
Your thinking 2 steps behind.
Franks plan is to consolidate to 7 hub campuses and a number of spoke locations.
When that is in place, he'll sell of the pieces of the company that he doesnt want and end up with a company half the size that looks profitable.
Fiserv is on the chopping block and the vulture capitalists are circling.
I'm not saying it's fake, I just want proof.
You're in denial bud.
Franky has been trying to get rid of WFH and any office he doesnt like since he took over OFS.
I just accepted an offer with someone else. No need to relocate.
Apparently, actual tech companies are out there which are perfectly fine with me working remote for them, and I even got a decent raise to boot.
Good luck, Frank. Enjoy having a certain CU screaming bloody mu---r and cancelling their upcoming contract renewal... I told them I was leaving first. :)
'Hubs across the U.S.'? I see nothing west in U.S. or Canada for offices. Guess only eastern clients and employees matter.
I keep seeing this "The company has closed or is in the process of closing around 100 U.S. offices as part of this initiative, the memo said." WHAT MEMO??? Show me the memo.
Everyone keeps quoting a random website article that has zero references. I even emailed the author of the article and they didn't respond. I'm not saying it's fake, I just want proof.
Everyone needs to move on. Plenty of jobs so take a leap of faith
I'm not going to relocate. Even though I currently live by myself, and could pick up and move my 'household' easier than most, I have a large and close knit extended family nearby that I don't want to leave behind.
There is no guarantee that I will have a job a year or two after relocating.
I just keep imagining this scenario: I up and move to NJ and the company (actually) pays my relocating costs. I work for them a year or two and then they RIF me. Now I'm in NJ alone without my family AND without a job. Of course I'm going to move back home, but this time I have to pay for the move.
@qej+1drSGR9B, which part of this do you not understand?
It's not just '2,000 people in New Jersey'.
By Teddy Nykiel, reporter Milwaukie Business Journal
Oct 8th, 2021 11:30 AM EDT
As part of a new location strategy, financial company Fiserv Inc. is consolidating its U.S. offices and focusing operations in Wisconsin, New Jersey, Georgia, Nebraska, Florida and New York.
The company's headquarters will remain in Brookfield, Wisconsin, which it considers one of its strategic locations, according to Ann Cave, a Fiserv VP of external communications. The other locations are Coral Springs; Berkeley Heights, New Jersey; Alpharetta, Georgia; Omaha, Nebraska and New York City, Cave said.
Fiserv (Nasdaq:FISV) announced it will add 2,000 jobs in New Jersey by establishing a new Berkeley Heights for technology and product research. The $105.6 million project will receive $109.2 million in tax incentives over seven years from the New Jersey Economic Development Authority (NJEDA), according to a NJEDA memo.
Fiserv began evaluating its national real estate footprint after its $22 billion acquisition of First Data Corp. in 2019, according to the memo. The company has closed or is in the process of closing around 100 U.S. offices as part of this initiative, the memo said.
Fiserv Inc. is looking to concentrate its presence in approximately seven cities or 'hubs' across the U.S., the memo stated. "Accordingly, Fiserv Solutions will be evaluating its remaining locations to determine whether it is most appropriate to consolidate, expand or exit a given geography."
The choices being presented to people are to solve a couple of problems, eliminate the WFH people as much as possible and fill seats in NJ. That's the bottom line. Sr. Management doesn't care about anyone's livelihood, how anyone is impacted. They are not making any promises to anyone who relocates that they have a job for xx years, they can't, because it's a numbers game for them not a loyalty to employee game. Leave now, stop working on sh---y dead end projects, keep your sanity and family in tact. Fiserv doesn't give a sh-t about anyone, nobody, nada.
I work in a location with about 300 employees and I'm trying to figure out how we would fit into this relocation thing. I have talked to my manager and he said we are not. Sure maybe he is lying or not in the loop, but I can only assume we are not impacted.
The real question is how many people could be impacted. I believe they are only "hiring" an additional 2,000 people for the NJ office, on top of the existing 1,000. Given that the company has 44,000 employees that means 41,000 of us are not effected. Right?
I hate this company for a number of reasons; ki----g off the 401k match, horrible raises, no bonus, obvious HR trolls on this site, and the project I'm on just seems to be going nowhere. And I have some other opportunities lined up, but the timing is really really bad.
At the end of the day I think a few people are being very vocal about getting relocated/laid off and it isn't going to impact the vast majority of us. I would love some sort of proof about mass lay offs and if I should pull the trigger on leaving right now, or wait.