Layoffs, lean projects, slow attrition, all of it stretching into FY26. Budgets are down across teams, and even if you survive the cuts, raises and bonuses are going to be miniscule or won't even happen. Being kept on doesn’t mean things look brighter for any of us.
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Why is no one talking about the Franklin Templeton debacle at FIS? FT shopped their TA Customer Service, Main Office Service and Customer Operations out to FIS. They dramatically underbid the contract. FIS did not adequately update their antiquated systems (think 1995) for transition of FT business despite the contract requirement. The transition from FT platforms to FIS was delayed over and over, when the transition occurred over last Memorial Day weekend, it was a spectacular failure. Due to poor strategy and execution, the rollout created such a back lash with hold times of over one hour, clunky systems that took 40% longer to process transactions/manage issues on each call and a loss of business among financial professionals so catastrophic that FT is taking back the business and recreating their Customer Service Call Center back at FT. The staff is traumatized having witnessed this horrifying transition, endured layoffs and now has to apply for their old jobs back at FT for less money. Millions wasted, wasted.
@dj Inflation rate hovering around 3% means you were losing $ before increased health care cost.
@ay - my raise was 2.5%. So next year, I LOSE money due to health insurance raising 6%. EYE ROLL.
I am sure that many of those let go would swap places with you.
You guys got a 5% raise?
You guys got bonuses? xD My whole department does not have bonuses at all and the raise was 5%. Not optimistic if it's supposed to be even worse.