So force return to office and layoff remote workers. Please explain how letting go decades of knowledge and hiring someone new for more money is a win for or clients and Fiserv? The tax breaks in BH don’t even come close to covering the increased cost of hiring their.
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There is no layoff of remote workers.
That’s not a “talent upgrade”. It’s getting rid of talent and replacing with a bunch of talentless people who either a) don’t have any experience and don’t know better or, b) know they can’t do better so they stay. That’s not a win for Fiserv. The amazing thing is, it doesn’t take much to have a workforce that will follow you and be excited to work hard everyday. It just means treating people like human beings and with decency, something Fiserv has long stopped doing.
@kpl+1nO5pRzM
You mean they are too new to know they are being taken advantage of, just happy to start paying off 100k in student loans.
CEO and politicians are the same they push their agenda no matter what.
It’s called a talent upgrade. People that work and don’t complain here
There is management, VP and above, that really thinks you can hire a college student to just pick it all up and go. The same thoughts are prevalent for outsourcing and contractors. Then there is the guy who thinks AI is our savior and uses it as a toy all day while ignoring people and problems.
And that is the frustration with us. These decisions are seemingly illogical, and it makes our heads hurt. To quote Frankie “5 Angels” Pentangeli from Godfather Part2, “Maybe I don’t have your head for big deals”. But in any case, we are losing so much talent and knowledge. In time, that “rocket” is going to stall, explode, and fall back to earth.
The clients are too entagled to leave Fiserv without causing their clients pain. He knows this and moves as such.
Stock price is up. Revenue is up. Thats all he monitors. The employees and clients are not his concern... But it's all a facade, shareholders. When client contracts are up, they will all leave and then the ticker will take a massive plunge.
Hit him where he's looking. The artificially pumped and overleveraged stock value.