Thread regarding Fidelity National Information Services Inc. layoffs

It's a big club and we ain't in it

Another vapid thread.

[FIS continues to move American jobs to Cognizant while reducing its own workforce. Reports indicate that FIS employees have been laid off or transferred to Cognizant. ]
No sh-t. Who doesn't know this?

[At the same time, FIS executives receive multimillion-dollar compensation, while thousands of employees do the work required to deliver services to customers under binding contracts.]

You're point is what? Executives receive millions of dollars all the time. Thousands of workers do the actual work. Who doesn't know this? What is your point?

[Cognizant is now facing federal scrutiny, including a U.S. Department of Labor suspension of certain employment-based filings. FIS has also faced federal proceedings and multiple lawsuits.]

Yea, we heard this in other threads. I still don't know why you're posting this.

[The FIS Board has a responsibility to protect employees, customers and shareholders—not simply executive compensation.]
No. They only have a responsibility to protect the shareholders and the company itself. The board’s fiduciary duty is to the shareholders and the long‑term health of the company. Employees and customers aren’t direct fiduciary obligations, but protecting them is a way to safeguard shareholders.

[If these decisions have caused legal or financial harm, shareholders and affected employees should demand independent investigation and consider whether legal action against responsible executives and directors is warranted.]

Be sure to let us know how your lawsuit goes. It sounds like you have a great case. Good luck!

Employees can demand, but where are the teeth for that? Until this story reaches the media, the shareholders will not know although their statements should alarm them. Until there is public pressure, no action will be taken, These decisions are being made under the cover of darkness and will keep being made.