Thread regarding Fiserv Inc. layoffs

Payments/Card Services Leadership

Why are 90% of the workers in Berkeley Heights and 90% of the leadership in Chicago? We're constantly talking about costs and operational excellence yet the people running most of what is being worked are "remote" and an hour behind. Plus Fiserv is paying for them to fly out on a regular basis. We talk collaboration and communication but most of the leadership is in a completely different location. It makes no sense!

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| 2121 views | | 15 replies (last March 24, 2023) | Reply
Post ID: @OP+1lFsnGRa

15 replies (most recent on top)

Chicago people told today that the office will be closing 6/30. Good luck guys with whatever you chose to do

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Post ID: @8abq+1lFsnGRa

Chicago Office is closing

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Post ID: @7ydq+1lFsnGRa

Looks like they partially fixed it. lol

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Post ID: @6czp+1lFsnGRa

What’s even better is all support staff in NJ 3 hrs behind our west coast and more to HI and AK clients. You know because so many people are willing to work until 8:00 local time.

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Post ID: @1nfx+1lFsnGRa

I heard risk is lead by super smart person who has 0 resources in chicago .. is that true ??

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Post ID: @1pxe+1lFsnGRa

See the issue is BH can hire workers but not good leaders most of it decided to move out of NJ. Ones remaining you know what they are doing F,G*, new rescuer straight from india… you got the point. What choice company have think about it .. it’s deep..

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Post ID: @1kem+1lFsnGRa

Looks stupid, but I think thats true mostly for Risk and new recruits. Otherwise the workers are also in Chicago and Wilmington (near their leadership)

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Post ID: @1ooy+1lFsnGRa

Oh interesting. That is around the same time they started developing the Boeing 737 MAX.

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Post ID: @1udn+1lFsnGRa

I know what a 'worker' is, and many many good ones at Fiserv but what is this "leadership" and "management" you speak of? None of that exists these days at Fiserv....

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Post ID: @1nzm+1lFsnGRa

That's a business model started by Boeing in the early 2000's. If your manager is at other cities it lessens the opportunity to let personal feelings get in the way of tough decisions like layoffs. Many companies do this now.

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Post ID: @cyb+1lFsnGRa

Apparently, collaboration means taking your teams call from an office building. They don't actually do anything to help collaboration - and the only thing they measure is "butts in seats"

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Post ID: @dyv+1lFsnGRa

It's that way EVERYWHERE. That's what happens when you push remote work for a decade, closing small offices to save overhead, and then do an about face to an antiquated mode of leadership. My group has 7 people left, almost half have left for other employment, and we are spread out over several states. But most of us go into an office where nobody else we actually work with are located, for the sake of not being remote. It's one of the d-mbest models of management be ever seen. And that's saying something.

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Post ID: @mzn+1lFsnGRa

Shhhhhh you're not supposed to notice these discrepancies. 🤣

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Post ID: @zgi+1lFsnGRa

Not just chicago even Wilmington.. chicago does not make sense .

So basically BH is for works and other location is for leaders .. interesting model

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Post ID: @sju+1lFsnGRa

Welcome to Fiserv where nothing makes sense. Willing to bet that in less than 5 years those Chicago leaders will be "relocated" to Berkeley Heights.

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Post ID: @iwz+1lFsnGRa

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