Thread regarding Fiserv Inc. layoffs

Finally Wall Street is catching up

Frank couldn’t run fast to payoff another analyst to pump the stock. NY culture - scratch my back and I will scratch yours.

WSJ: “ Fiserv on Track for Longest Losing Streak Since December 2018 -- Data Talk”

We all know this in this forum as an associate or former associate at Fiserv. Since this jerk took over ki-led the Fiserv brand. I use to put 50 hrs a week and happy, I barely put 10 hrs a week now at BH. Banking division is dead. Cancellation notices arriving every day.

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| 1721 views | | 6 replies (last August 26, 2023) | Reply
Post ID: @OP+1ohTJDoZ

6 replies (most recent on top)

They are cancelling because India & Dominican Republic answer service calls who don't even know how to delete an app or reboot a Clover after BS'ing client on the phone for 5 hours! Why would any client stay.
Most of the Managers of the ISO's are literally stalking their Agents & clients there is no Moral code of conduct even after thousands reported their actions to Fiserv & lawlessness seems to be the moto. Associations & Organizations are getting huge rate increases & they are blaming Fiserv not themselves while running off with Millions

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Post ID: @1uml+1ohTJDoZ

Don't Enron yourself.

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Post ID: @1mpf+1ohTJDoZ

Hopefully current and former employees dumped their stock in the last few months. I know I did.

I've said it before, this "model" of running a company isn't sustainable. And my guess is they don't care. Franks and his fellow olds will cash out and hand it/sell it to some other poor soul. They don't give two sh!ts about current or former employees. This is a cash grab for them and that's it.

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Post ID: @1fbc+1ohTJDoZ

Don't count on the stock going up or down to have any positive impact on the employees or culture. While I despise Frank and Fiserv, watching the stock fall hurts current and former employees and their families if they spent decades investing.

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Post ID: @1kcq+1ohTJDoZ

Folks, below is what @OP+1ohTJDoZ is referring to:
(Read it and decipher it for yourselves).
Based on MorningStar 8/21/23:
Aug 21, 2023 12:36 PM EDT
Fiserv, Inc. (FI) is currently at $118.73, down $1.35 or 1.12%

  • Would be lowest close since June 12, 2023, when it closed at $117.63
  • Currently down nine of the past 10 days
  • Currently down seven consecutive days; down 5.78% over this period
  • Longest losing streak since Dec. 24, 2018, when it fell for seven straight trading days
  • Worst seven day stretch since the seven days ending May 31, 2023, when it fell 6.15%
  • Down 5.93% month-to-date
  • Up 17.47% year-to-date
  • Down 8.71% from its all-time closing high of $130.06 on July 25, 2023
  • Up 11.2% from 52 weeks ago (Aug. 22, 2022), when it closed at $106.77
  • Down 8.71% from its 52-week closing high of $130.06 on July 25, 2023
  • Up 26.89% from its 52-week closing low of $93.57 on Sept. 30, 2022
  • Traded as low as $118.70; lowest intraday level since June 21, 2023, when it hit $118.39
  • Down 1.15% at today's intraday low

All data as of 12:19:24 PM ET

Source: Dow Jones Market Data, FactSet

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Post ID: @ppl+1ohTJDoZ

I held onto hope that they'd figure out FB is ki-ling this company before I left, but alas, time to move on. 15 yrs of experience out the door. I was willing to put up with the cuts to our 401k, bonuses, discount on stocks, etc because I was able to work hybrid. Frank decided that he hadn't taken enough away from us so he cut that to. Bye bye Frank.

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Post ID: @puj+1ohTJDoZ

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