I expect an October surprise on the good side this earnings call. New contracts and implementations are up. Lots of energy with the new tech center close to operational and getting to see coworkers in person Bodes well for strong employment and stock growth
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@OP, what a load of BS!
If there are still 44k, which I doubt,what is the breakdown of how many are in the US compared to each of the p ast three years?
I’m so tired of this.
@ rcd+1iz0oJHb
I’ve been here for 8 months and it’s been a struggle. I don’t receive any proper guidance just a bunch of projects dumped on me to figure it out . If I’m required to come in 5 days a week I’ll be leaving the company after the year mark. Im sure many will leave also when the airport looking office opens up in NJ. My commute will be over an hour and I’m sure many others will be going through the same stress. I am not willing to put my myself through that 5 days a week when many major companies are allowing wfh. This place is a dumpster fire! And I get more done at home.
Word is we are back in an office five days a week starting October 1, 2022. Not sure that is true for all.
The surprise is they will announce the company is earning so many more billions of dollars and that your salary will not be updated to reflect how much more money Fiserv is earning because they don't believe in rewarding workers. Or I should say lack of surprise at this point.
Oh I forgot to mention Frank and the board will walk away with a few million more dollars in their pockets, carry on peons.
Kind of like the moon rocket….leaking gas
The only October surprise will be more cuts. But not really a surprise.
How insecure is senior leadership that they feel the need to come defend themselves ?
Sad OP's and HR have to come to a layoff site to spin bad news. Yes outsiders it really is bad dont believe the load here.
Still 44,000 so not sure your narrative holds up.
You are judged on trailing returns. You think the stock will increase by what you expect to happen next. You don't know how any of this works.
Is it time to buy puts?
I am glad you can see the silver lining, but i think you are misguided. People with feet on the ground tell a different story -- clients are unhappy and looking at alternative solutions because service is suffering. Look i want Fiserv to succeed, but the rocket ship isnt launching under current leadership.
What new tech center?
Stock down $2.06.
Stuck.
Can't always cut your way to profits for long before getting diminishing returns and decreasing income.