Thread regarding Fiserv Inc. layoffs

Approach

"We don't offer remote work because people slack off."

This is not a 'remote work' issue.

This is an issue with your company's:

→ Hiring strategy
→ Ability to motivate people
→ Culture and trust

Lazy employees will find ways to do the bare minimum.

From wherever they work.

Don't let them be the reason why every hard-working person in your team...

→ Gets forced into an office
→ Gets less flexibility
→ Gets fewer privileges

Don’t lose great people because of bad policies

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| 1712 views | | 13 replies (last March 23, 2024) | Reply
Post ID: @OP+1rC2TPwp

13 replies (most recent on top)

Management just does whatever they want and spew fake and meaningless chatter. They have zero credibility as bona fide business leaders. Just clowns and circus performers on the take (bigtime)!

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Post ID: @4fvc+1rC2TPwp

i’ve heard of a similar case where the expert remote employee was let go due to rto - only to be replaced by a remote contractor with no experience

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Post ID: @4uft+1rC2TPwp

Remote Associates with 10-15 years experience are being let go 3/31. Their replacements usually contractors and many of these contractors are in the same remote locations and are not required to go into an office. They got rid of an FTE engineer in North Carolina. Now we have an engineer (consultant) living in North Carolina. I was a consultant in 2008 for Citibank. We were held to a much higher standard than FTEs. No remote work. We had to be n our cubes working while FTEs hung out and chatted and ducked out early. Why are we treating consultants with more respect than FTEs?

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Post ID: @3hug+1rC2TPwp

Haha "Collaboration"... hahahahaha. Yes let the management collaborate to make it impossible. People in India stay 8 hrs in an office. US stay 8 hours. This surreee helps communication on teams and projects 🤡🤡

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Post ID: @2mbz+1rC2TPwp

Yeah we need more collaborations unless it is outsourcing jobs overseas to lower the costs. How's the collaboration doing with that time difference?!

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Post ID: @1svn+1rC2TPwp

Our biggest fintech competitors offer remote or hybrid if you are near an office. Stripe will soon have all Fiserv employees

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Post ID: @ecw+1rC2TPwp

I worked from home for decades and know many peers that have that are highly productive employees (go to peers).... I've never had one poor rating, I was a go to for difficult and complex assignments, I could run circles around several in office peers. Where you work DOES NOT determine your value or contribution. I've stopped trying to reconcile what this company is doing...every way you turn you can't make sense of it. No one knows what their end game is....They hire new people, at higher salaries just to sit in an office and contribute nothing. Collaboration has actually become harder with all these new policies when you have peers and teams spread-out across the globe that have to be in an office during certain hours. They are decimating entire teams. The micromanaging of employees has become ridiculous and is not how you run a company and motivate employees. Either they are really stupid or they know exactly what they are doing. WE are the ones that don't know what the real end game is...but it most certainly is not for the good of the employees or clients...they've made that perfectly clear. So glad I got out a few months back....

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Post ID: @zor+1rC2TPwp

I'm lovin' the stock price. Rock on layoffs!!!

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Post ID: @psd+1rC2TPwp

Too bad it’s not just a remote work issue though. It’s the OBESSIVE tracking of employees of when they come or don’t come to the office and how long they do or don’t stay. It’s become like prison. It’s illogical. It’s not just lack of trust but of total control. What good employee is going to want to continue to stay and work in these conditions? What recruit will willingly sign up for this?

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Post ID: @nup+1rC2TPwp

Anyone who thinks employees can't * majorly * slack off in an office hasn't been in an office for many, many decades.

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Post ID: @tuh+1rC2TPwp

Losing great people is in fact the plan. They are way too expensive, there are cheaper alternatives out there /s

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Post ID: @vwl+1rC2TPwp

I will happy trade all of my benefits over remote work. Because it is the ultimate benefit. In the office there are a lot of people that are slacking off in name of watercooling talks, coffee and smoking breaks + office politics and gossip. The mindset if I can't see you working that means you are slacking off is pure bs! Measure people on their actual performance not on their office attendence. If you can't than it is managment issue not remote work issue.

+ A lot of people will start to do bare minimum after they experience: Company have double digit profits good job guys, here is your 2% merrit increase!

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Post ID: @seq+1rC2TPwp

The strategy is to "lose" the great people so as not to pay severance - whoever stays will be expected to work twice as hard & replacements, if any, will be at a much lower rate.

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Post ID: @fsu+1rC2TPwp

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