In the last week Fiserv has eliminated over 30 middle management jobs. This layoff is ongoing due to poor reporting last quarter in earnings and new CEO. Despite being told last quarter layoffs were not a concern.
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@b2 big batch at springs today
This is the layer Fiserv Executive Management MUST focus on for cost savings.. Just brokers..
They laid off a VP in Credit Risk. She was only hired 10 months ago. We have too many VP and Directors in GBS.
What exactly is “middle management “? Fiserv has so many directors , VPs and SVPs that 30 is probably just one half of one floor
@ba I am a cook. I approve this message.
Fiserv is a classic case of "TOO MANY CHEFS IN THE KITCHEN ".
@OP only 30?
Given the hype about “it’s happening, next week will be brutal” 30 seems very less. The least I expected was 3000