Thread regarding Fiserv Inc. layoffs

Fiserv is going downhill

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.

An on point comment taken from @4wal+1dLgnFKP.

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| 2591 views | | 4 replies (last November 1, 2022) | Reply
Post ID: @OP+1jtbLc0D

4 replies (most recent on top)

I remember when we used to have Product Managers.

"Used to"

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Post ID: @1fxs+1jtbLc0D

You have absolutely no clue. You admit you work for a competitor and come here to try and spread your lies. Fiserv's Issuing business is incredible and so are the associates (including product management) who work in the business. If you are so happy at your place why do you come to a Fiserv site? Truth is your company probably s---s! Lol

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Post ID: @1zxj+1jtbLc0D

“ The SVP layer is full of oblivious personalities”

Hey, I resemble that comment!

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Post ID: @mzj+1jtbLc0D

There is very little actual “product” in Fiserv, even though there are lots of “product managers”. Ask 100 of those product managers what they actually do, and you will get 95 different answers.

Fiserv is led by the nose by Sales and IT. It’s either whatever client is screaming the loudest for something or whatever IT is grudgingly willing to do. That’s what passes for product strategy in Fiserv.

That’s by design, since Frank doesn’t believe in Product. He thinks the only two things a company needs to be successful are Sales and IT/Operations.

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Post ID: @xqz+1jtbLc0D

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