Thread regarding Fiserv Inc. layoffs

Business strategy

What is our business strategy? I honestly can't tell anymore. It feels like they're just throwing things around and hoping something will stick. If nothing does, nobody cares.

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| 1941 views | | 13 replies (last August 4, 2023) | Reply
Post ID: @OP+1nSpW2r0

13 replies (most recent on top)

You realize "diversity" is just divide and conquer? Amazon tracked diversity as a way to reduce the risk of unionization. Don't drink the identity politics koolaid

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Post ID: @4xri+1nSpW2r0

After the quarterly earnings call where the "Senior Management" spent 2 hours telling Frank how smart and good he is, I think the strategy is something like the strategy for every day North Koreans, please the dear leader and hope he likes you enough to spare you. Fiserv has become a cult and the cult leader has no clue what he wants.

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Post ID: @2lop+1nSpW2r0

considering how severance packages were just cut in half massive layoffs to follow bank solutions will be gutted or sold off offices will be closed

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Post ID: @xyp+1nSpW2r0
  • Cut essential employees until the numbers look good.
  • Coast on previous momentum.
  • Retire a billionaire.

Did you mean business strategy or Frank's strategy?

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Post ID: @hqg+1nSpW2r0

Invest zero dollars into internal initiatives to build, enhance, or fix existing products. Cut spending at every turn. RIF's to make numbers. Stock buybacks to try and inflate price.

Essentially no strategy. It's like deciding the best way to serve your family is to stretch a loaf of bread for six months. It's not sustainable. And frankly it's stupid.

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Post ID: @how+1nSpW2r0

Business strategy is work on issues for clients who escalate the loudest

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Post ID: @jcq+1nSpW2r0

Too much virtue signal emails. Its all to annoying.

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Post ID: @uvy+1nSpW2r0

Upper management has no clue what business units do. A one size fits all approach does not work. Their outdated Network Systems are slow and barely work.

Ot feels like we are being set up to be dismantled at a later date

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Post ID: @hhx+1nSpW2r0

IBM tried the relocation ploy some years ago. Ordered everyone to report to business centers or be fired, well, some IBMspeke word. Now the young pups could do that easy. It is the older people - home, mortgage, etc - that could not just pull up roots and chuck everything into a moving van. Age discrimination on the sly/

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Post ID: @wbm+1nSpW2r0

Great economy, no wars, safe cities. Yes, horrible

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Post ID: @xwp+1nSpW2r0

Well FB supports Trump and he ran the country on the same methodology. We saw how that played out.

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Post ID: @bnf+1nSpW2r0

The strategy is to get OFS employees to actually work a full 40. Try it, you’ll like it

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Post ID: @onj+1nSpW2r0

Force relocation so senior associates quit and hire unexperienced staff and let clients train them? Oh and they picked cr-ppy places that offer tax credits because nobody wants to move to trash states. Oh and to reduce diversity. Lincoln is not very diverse. Bye Bye DEI. His mission is to ruin OFS

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Post ID: @uwz+1nSpW2r0

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