I work on numerous platforms at this company and I always wonder what customers were hearing. Well, if they only knew the truth, they would find another provider. This is for the banking clients, clover clients, investment clients and healthcare clients, there is no DR for any of you despite what management says. The software is nowhere near what Frank talked about on CNBC all the time. These are old systems that will fail if any little thing goes wrong. If there was a real outage in one of the data centers, forget about work continuing as normal, it will be a total outage for days or weeks. There is no testing for many of these clients and if there is, it is still deployed with problems. I'm telling you all, get your data and run, the buddy system from the c suites is only that, your business will fail with an outage from here. You have been warned.
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The ol' pump n dump scheme has run dry. Who could've predicted that would happen? Lofl.
They have already made excuses to analysts
I'm confused. With 5-day RTO producing record collaboration and productivity, this just doesn't make any sense.
Stock reflects the fact that Fiserv is trash. Bogus tech, dated infrastructure, purge of tenured knowledge workers, sh-t RTO policies and greedy c suite who are paid way too much.
Just think, if these a holes weren't making tens of millions, that money could have been reinvested back into Fiserv to retain talent and grow organically by improving our infrastructure. But no, let's just be greedy Scrouge McDuck and hoard money for themselves.
This is what happens when you prioritize silly measures like 9 hours in an office versus relying on knowledgeable people who actually know what they are doing. Truth is most of the knowledge workers walked in last two years.
I don't see shilly anymore telling us to ride that rocket. Remember the movies of V-2s blowing up on the pad or some of our early attempts detonating on the launch pad.
Holly Cr-p Batman!! Yet another $40 drop in stock price IN One Day.
Once again, this is a complete reflection of the Bad leadership, bad decisions, bad execution, and money-hungry S-B's.
What was FB thinking? Or did he just have KKR on his back to make the $$.
There will be no recovery from what C-Suite Leadership did. You can not replace 20-30-40 years of numerous employee knowledge to keep systems up and running let alone create new stuff. They had a plan that started well over 5 years ago, sadly COVID got in the way. Leadership Owns this one and No one else!
And the Global outage recently - Yep that is a reflection of the state of the company.
Everyone loses when bad decisions affect the Clients and employees. - You Should have thought about that in your ambitious plan to start/complete RTO. And oh by the way for the people that somehow got a 2 year RTO notification to move but somehow got a pass - That is NOT right.
Just wait and see what FB does to you Social Security! Cain't wait till that also goes south.
Heh, heh. Sold all my company stock at about $211 shortly after I retired from here. Forced RTO when I worked 2-3 nights per week doing server installs and software updates made my decision easy.
Employees are a company’s first and most authentic marketers. When employees are happy, profits smile too. But when they're grumpy, success doesn't show up either.
The rocket 🚀 is pointed the wrong way