Thread regarding Fiserv Inc. layoffs

Why bother with reviews

Last year zero people in our group (25-55 people) received promotions. These are people who ‘exceeded all or most’, met deliverables and in previous years would have been a shoe-in. Given the hole we as a company are going to continue digging out of, does anyone see any reason top performers should think DW won’t completely give us all the shaft again?
True, nothing is guaranteed, but I can’t even pull the energy to write the damn things when they are shown year after year to be utterly meaningless unless you got him in your DMs.


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| 30 views | | 7 replies (last 6 days ago) | Reply
Post ID: @OP+1m6pv25as

7 replies (most recent on top)

@d9 this is why I lowered my output after not getting even a cost-of-living adjustment comp increase -- gotta make sure things stay aligned after all. If I'm taking an effective ~3-4% pay cut, well then I suppose I'll just have to match that accordingly.

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Post ID: @et+1m6pv25as

When I worked there reviews were a bit of a sham. The harder you work the more is expected of you. The problem is that while expectations rise.. compensation doesn't track accordingly. Eventually you will no longer be able to keep up with those expectations then it will become even more justification for you to not warrant any reasonable compensation increase. The solution then is to not chase compensation increases and give them what they paid for not what they didn't.

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Post ID: @d9+1m6pv25as

@bs I had an exceeds and I still got laid off in September.

I separate from Fiserv next month. I still got the tsdk notification to complete the review. Fu--ing ridiculous

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Post ID: @d3+1m6pv25as

The reviews are a factor in determining who get let go first.

So if you want your severance a few months early, try to get a lower review.

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Post ID: @bs+1m6pv25as

@a7
Empty promises as usual. Haven't you learned that yet?

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Post ID: @br+1m6pv25as

Takis says promotions and merits are coming back

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Post ID: @a7+1m6pv25as

Instead of complaining here, just hit him up on teams with a “hey DW❤️!” If the process is dead and DW can get you there, why NOT. DM beats a full self-review nobody reads.

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Post ID: @a5+1m6pv25as

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