It's cutting a swath across the staff. The atmosphere is so heavy.
Where’s Stephanie?
No show at the sales kickoff, sorry commercial summit in Orlando. Nasser Khodri doing all the talking. Stephanie relegated to a 2 minute video measage at the end of the keynote session. Apparently she really wanted to be here but it wasn’t possible... — read more
How likely are you to recommend FIS as a place to work? Pulse Survey Results
Who the heck are these people? The result was 73...for real...??? Do these people hate their friends or did so few respond that some c-suite group was able to skew the results?
Big announcement coming tomorrow
Earnings day on the same day all your sales and business leaders are together in Orlando at SKO.
Prioritizing Contractors over Employees?
We’ve all seen the latest email: a hard push toward a few "preferred suppliers" (mostly the large Indian MNCs) and a mandate to move away from our niche partners. Reading between the lines, this looks like a forced transition from FTEs to a... — read more
Report Them All
https://secure.ethicspoint.com/domain/media/en/gui/20341/report.html FIS Official Anonymous Ethics Hotline and Reporting Start lighting fires and speak up. We already know they don't care, so throw some gasoline on the fire and start throwing all... — read more
Any more layoffs today?
Someone mentioned in a post below that they were expected to continue though tomorrow. How is everyone holding up?
Offshoring
TLDR: Offshoring is tanking the company, layoffs are coming monthly, and the whole thing’s about to implode. Brace yourself. The tribal knowledge that execs are wiping out with all this offshoring is priceless and irreplaceable. I know a lot of... — read more
Global Payments up 16% after FIS sold World Pay to them at a loss
Look what happens when you have competent leadership - They are laughing at FIS and the deal they made The stock was up nearly 16% in Wednesday afternoon trade, taking its year-to-date gains to 4.2%. Chief Financial Officer Josh Whipple said on the... — read more
Best space for FIS Breaking News is here
So many have been generous in sharing what is happening for them and on their teams in real time. It's gut wrenching to watch. Please take good care of yourselves. If still in the office, get contact info or create text chains for your workgroup to... — read more
Mandated Use of AI Code Generation
Team I'm on is mandating AT LEAST 50 PERCENT OF ALL NEW CODE be generated using copilot. No longer "use copilot to work faster" but now "replace your development skills with copilot". I do not doubt, FIS will be rolling this out to ALL of development... — read more
Capital market layoffs this week
Anyone having any insight on this? As we heard big layoffs planned
MKE location core IBS layoffs today 2-18
Hearing some MKE campus layoffs today - Ill try to get more info soon. Know of 5 confirmed. Not sure who is even left anymore in that place
ESPP…. Another failed benefit
Feels like this program is a waste since SF took over. Even with the 20% match, I would have more money if I took the cash and buried it in the yard. Feels like I’ve been part of a ponzi scam and waiting for it all to crumble. I think I’m done with... — read more
Our stock is staying steady today!
Finally, a weekday that we're not going down!! Congrats! Our stock looks pretty steady today!
A culture of fear
The way some of these managers treat people is disgusting. They tear you down like it's sport. The atmosphere is thick with anxiety. FIS has no future if this is who's running the show.
We are a banking company not a software company
The tech middle to upper management were they have an understanding from a technology perceptive of things but no concept on client delivery/product functionality/product use case is so useless. Please hire additional leadership and get leaders that... — read more
The new FIS hold music...
should be the theme from Jaws. There will be no delay approving or problem with the cost of the licensing fee.
We are unstoppable! (Our path to sub 35)
Finally, SLF seems to have found something she's really good at: sending the stock CONSISTENTLY down at the speed of a failed SpaceX rocket. Time for some put options, because when the FT news is public, and James has to guide the investors, you can... — read more
This is my new favorite reality show
Getting to see posts from those involved, sharing in real time, is incredibly sad and validating. There is a lot of value in that. Not making light of the real pain being experienced. However, the Theater of the Absurd in upon us. Then Theresa flips... — read more
Client office
I wake up every day thinking if I will lose my job today. Not how I can service clients. And did she just say everyone will get raises and they will be good? Who is everyone? And in July?
It’s hard to stay motivated watching this unfold.
The stock is down 34% in a year and 65% over five years. Meanwhile, inside the company, we’ve lived through constant restructures: minimal pay rises, responsibility changes, de-levelling, demotions, removal of ratings, mass exits, elimination of... — read more
I have a feeling FT will drop the contract entirely.
Am I alone in thinking that? They are already moving CS which is a big portion of the process. What is keeping them from moving everything back? They are obviously not happy with the work that is done by FIS. I can't even imagine how bad the... — read more
Sub 50
This ship is sinking. Good Job Execs. Guess the 10% dividend boost didn't matter and your shareholders see the writing on the wall. Bye bye C Levels. Just a matter of a short period of time here. Should be a fun next few months.
What is up in Jacksonville- lots of security
What is going on in Jacksonville, more layoffs? Board on site?
Why was the earnings call pushed out?
Any ideas? Or am I just starting to see issues everywhere?
Meanwhile back at the Franklin Templeton Ranch...
tax forms were delayed. Shareholders must have their 1099 DIV/B or R to file. This is a critical, highly regulated function. Today, they appeared on the websites, then magically, deliciously disappeared because FIS is a fintech company with cr-ppy... — read more
FIS Belgrade Office
Does anybody knows what is going on there? They fired the main guy (which is good :D) he was a je-k and bunch of people. My understanding would be from my friends that company there is in chaos, a lot of people planning to leave. (a lot of people... — read more
Quiet firing versus layoffs
I’ve seen people get slowly starved of chances until they leave on their own with no raises, no projects, and no recognition. It starts to feel like getting pushed out without the paperwork. Makes me wonder if this quiet push out is happening more... — read more
Quality/Productivity reviews
Would be curious to see company wide numbers on this. Certain divisions have suffered under the low morale. There is little incentive to perform. It's only a matter of time for the rest. The C Suite does not care at all. When will their customers... — read more
401k
What happened to 401k match? It's February and the match is still not in.
FIS Dev India: Many underestimate AI threat while happily working to make it happen…
“The technology sector faces perhaps the most dramatic transformation. Indian IT services firms, which built empires on providing entry-level coding and testing services, now face existential threats to their business models. When AI can write... — read more
Pay increases are a joke
They don't even match inflation. With everything put together, morale is circling the drain. And do I trust them to find a competent CEO now? Absolutely not.
Internal Promos / Merit
Listening to HR discuss how to move up in your career is such a joke. The company is reducing expense everywhere they can, eliminating positions, and have completely shut off the promotion pool as part of the yearly promo / merit changes. If you... — read more
Prayers have been Answered! Ferris is getting the boot!
Well, it’s finally happening. Word from the top floor is that SF is officially getting the boot. An exec (who shall remain nameless) confirmed that the Board of Directors spent most of last week in a "closed-door" session. The vibe was tense, and the... — read more
FIS Crash?
Down almost 10% today to $51 (a new 52 week low) - what happened?
Fire Stephanie and her cronies!
This lady and her puppets are ridiculous. If we could all be so fortunate to get paid millions of dollars to run companies to the ground none of us would worry about being laid off. Contracts for these people are ridiculous. You know even if she was... — read more
Severance Packages, DOL, and older employees
All I have heard regarding those packages were people had a 24 hour response time or it was being withdrawn. Is that true? There are also 21 - 45 day acceptance of severance packages in the US depending on your status. Are those being... — read more