Thread regarding Fiserv Inc. layoffs

I don't think Fiserv/First Data can be saved. It's a shame a once decent company has been reduced to what it is now.

It wasn't perfect but you knew if you worked hard and did your job you were safe. That means nothing to this company now, no one is safe!

Just because Frank is bad doesn't make Yabuki "good". Yabuki was in fact, a terrible CEO.
Consider Yabuki's accomplishments:

First company-wide layoffs (in 2009) which have never stopped. Under the founders, there were never any layoffs.

Outsourcing of jobs to India (starting in 2006) and hiring of Visa H1-B workers from India to take jobs away from Americans in the US.

Forcing all employees onto high deductible health plans (2005)

Elimination of company Christmas gifts to employees (and catalog) (2005)

Elimination of the sabbatical program (2010)

Annual Bonus was eliminated (2010)

The annual profit-sharing program was all but eliminated (2010)

For all those reasons and more Yabuki was voted one of the top ten worst CEOs in the United States (2013).

Fiserv was far from perfect during the Yabuki years but almost any American firm can lay claim to that one. At one time or another all, even IBM during it's great years, had issues. Disney damn near collapsed post Walt and has returned to a mess yet again. FB is, like many a KKR graduate, interested in money in pocket, riding the rocket straight into his bank account. Such men do exist. Bob Nardelli damn near destroyed Home depot. Got a great golden parachute deal and moved on to wreck another company. But FrankServ is a mess far more so than it was and the rocket is headed straight down.

I left about a year ago from a sadistic , and toxic micromanaging environment I was in. My reward (?),.. my overall mental and physical health improved dramatically. No more sleepless nights tossing and turning worrying about the daily BS. One thing I can say is,.. our clients came first, and I darn well made sure their expectations were met and at times exceeded. My health and family are most important, and I’ve been enjoying it ever since. Do yourself a big favor, as someone else posted “GTFO”,…you owe it to yourselves, you owe it to your families.

The company did not care about the people a decade ago. They eliminated profit sharing, eliminate sabbatical and we're laying off just as they are now. You would have to go back to when George and Les ran it together to get to a point when they cared about the people. The only positive from the Yabuki years is that he made those of us that had accumulated stock a very nice chunk of bank.