Expect us not to make Q3 numbers. I’m sure anyone who sees the numbers know we are not making forecast, shocking I know, firing thousands and shuffling the leadership week all while making zero changes in process/guidance/etc isn’t making money. The fact question is, does it matter? I am under the impression we are basically at the price floor for the stock (probably around $35 would be my guess for an absolute minimum). So when we miss numbers again, I don’t see the stock taking much of a hit. The question is, how hard does that mean leadership will pull the layoff lever since it’s the only thing 99% of SVPs and above know how to do.
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@k7 nailed it.
This forum is full of disgruntled people but stock price jumped. Not an opinion.
@e3 it’s almost as if this was all very predictable if some of you would put down the rage bait for a bit. A new CEO and investor’s relation head were never going to throw themselves to the lions at Citi and pay to do it if they thought it would be bad news.
The fact fiservs share price is up is irrelevant as the results haven't been announced yet
All will be revealed soon enough I guess. This board will be interesting reading over the coming days
I certainly know that not only are my business units revenue results way under target but the targets are widely regarded as unrealistic far fetched pipe dreams especially as product is nowhere near delivered and doesn't reflect what the market wants to buy. So far behind competition it's not funny, and they continually try to put lipstick on a pig
Overall market is down but fisv is up, internal BU are reporting good numbers so far. Bet it's going to be a decent Q3 call.
@e3 I can sort of see that but what exactly are you seeing that gives you some optimism it won't be as bad as others are expecting?
It won’t be an amazing quarter but you can’t read the signaling if you think it’s gonna be another bad one. They do a town hall at the tail end of the quarter when early numbers are in and he ends it with “the worst is over” and then they book/pay for a prominent investor conference slot with Citi a week from now. They wouldn’t do that if they expected him to have to explain another bloodbath. Not saying it’ll be a good quarter but silly to think it’ll be terrible with that context
Fire Redundant SVPs. VPs, PMs. and all these high salaried titles. The company will still thrive without them.
They probably just need to increase in-office collaboration. That'll solve everything.
Head of HR and benefits and legal can lay off half the company legally and celebrate hometown sports wins. Now, that is time management.
@ar Tell me you’re a Cubs fan without telling me you’re a Cubs fan…
Would it make you feel better about the stock price to know all the Milwaukee leaders spent a lot of their work time celebrating some sports win for a city we have the least almost of workers and just laid off more? Just the leaders though. No regular people. Photos everywhere! So glad they are enjoying themselves.
protective puts!