Thread regarding Fiserv Inc. layoffs

Frank is directly attacking all original fiserv employees

Closed our original building, firing FISERV staff, while keeping the fiserv platforms…. Except for credit. Meaning they are laying off people who can do the job efficiently, leaving fiserv with a skeleton crew to meet his promises of a higher EPS. Then force people into the office, what office? Force people to move to New Jersey because the governor gave him money. I wonder if the investment matched the decision… I highly doubt it. Clients will pay for this because there are no resources to implement almost anything. No one knows nothing. Leadership is just riding this waive while they make 100k or more to just say “we don’t have resources to do nothing”. Clients don’t have support because they keep merging with other companies, those said companies are not FOR FISERV. They treat referral clients and competitors better than their own fiserv clients because that was their agenda BEFORE the merger. I feel really bad for fiserv. It is such a hard job to master and they will suffer with little to no resources, but who cares clients are stuck with contracts that last years. What’s a little hiccup for a year a two? Maybe a refund here or there? Frank called the fiserv buildings like Oregon (which fiserv paid to remodel to just be closed) and the Florida office as redundant buildings. How does an original fiserv building become redundant? My rant is not over, then take away from employee benefits from 15% to 5% discount when buying FISV stock. A Fortune 500 company… insane. Why is the board not doing anything? Glad I am gone but they must be called out for their attack on original fiserv employees! It should be illegal and not one report to the state. However most if not all employees from Florida and Oregon lost their jobs.

Every word of this is true! Thanks for posting this, @1wct+1j3E2L8c.

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| 2391 views | | 6 replies (last October 19, 2022) | Reply
Post ID: @OP+1j5Pj0zZ

6 replies (most recent on top)

“It only seems like Frank is picking on old Fiserv employees because our friends, the old First Data employees, are already a skeleton crew.

Soon Frank is going to want a new set of bones to chew on”

Lol, that’s what Berkeley Heights is for…

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Post ID: @cbpx+1j5Pj0zZ

No there is a target on OFS because they closed the buildings then Forced them into a building. Like the post said “what buildings?”. Even if the plan is to break fiserv down to rebuild. It shouldn’t be at an expense of the clients that’s are paying to do service with Fiserv. but we all know that was NOT the intention. Read the investor reports they know the FISV stock is not a good buy, but he (FB) always beat the numbers because of these levers he keep pulling. I agree when OFS is all gone, then OFD, Ondot, then Finxact…. So on and so on. Pray that everyone finds a job quickly and pray the families are not impacted by losing their jobs before and during the holiday.

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Post ID: @1mnb+1j5Pj0zZ

Sure seems like OFS employees are the targets, especially ones with several years of tenure and higher salaries.

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Post ID: @1upx+1j5Pj0zZ

It only seems like Frank is picking on old Fiserv employees because our friends, the old First Data employees, are already a skeleton crew.

Soon Frank is going to want a new set of bones to chew on.

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Post ID: @1mkr+1j5Pj0zZ

It’s been said here before people are treated like cattle at Fiserv. Your a number and not a good one.

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Post ID: @ldq+1j5Pj0zZ

Aircraft mechanic speaks the truth.

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Post ID: @dpa+1j5Pj0zZ

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