Thread regarding Fiserv Inc. layoffs

Good article !!

https://truthout.org/articles/trumps-appointee-for-social-security-raises-fears-of-austerity-and-cuts/

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| 1741 views | | 6 replies (last December 25, 2024) | Reply
Post ID: @OP+1w97mkoJ

6 replies (most recent on top)

FACT!

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Post ID: @chm+1w97mkoJ

Nailed it! Oh what will Frankie do when he finds out the union negotiated work from home until 2029???

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Post ID: @ogx+1w97mkoJ

I've never seen a more accurate article.

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Post ID: @rbw+1w97mkoJ

That article said out loud what we have all been thinking.

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Post ID: @bnd+1w97mkoJ

Describes the hack quite well

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Post ID: @sww+1w97mkoJ

Thanks for sharing, here a tad bit of what we all know is true from this article.

Bisignano has practiced a kind of slash-and-burn leadership: He oversaw multiple waves of layoffs and cuts at Fiserv in 2022. Pumping a company’s stock price can often be accomplished by announcing these sorts of drastic reductions in the cost of labor — the news of potentially increased profits causes an uptick, enriching shareholders. Fiserv also spent $3.7 billion on buybacks from 2017 to 2019, another costly tactic that boosts share value.

In other words, Bisignano delivers for wealthy investors and shareholders, at any cost; he is especially willing to sacrifice workers

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Post ID: @ojl+1w97mkoJ

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