I just heard from a coworker at another Fiserv business unit , confirming Frank fired all their sales team! This dude is crazy! Without any planning. Stock soon to $10. If he believes clover will save the day, he is dreaming.
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Dude the stick market entered a bear market —- actually Fiserv holding up relatively well…check Block, PayPal, etc…
Sales. Those are the guys who bring in the money, right? Maybe Fiserv has too much money?
Naming the business unit would be helpful but no direct names. While this seems outlandish, stock price is now $89.89 and I have seen management in other firms do incredible stupid things with staff layoffs. IT outsourcing (desktop at Fiser... eh, First Data to Pune) for example. Get rid of the deadwood they always claim.