FIS placed me at risk yesterday in the UK. My US peer was let go with severance and pro-rated bonus. We are on the same plan yet different treatment as been told in the UK we are not eligible for bonus. Their fake “one team” mantra is a lie. The... — read more
Crazy question
With all the layoffs yesterday why was there no WARN letter sent out? Is it because most of the layoffs were remote workers so there were not enough layoffs at one particular location to meet the WARN eligibility threshold?
Did the layoffs continue in India today too?
Also heard multiple people voluntarily quit due to the RIFs. Is this true?
When McKinsey Comes To Town - Read the Book
Destroyed our great Company !
Animal house meeting tomorrow
My manager has a team meeting scheduled tomorrow for all of us. It's going to be like that scene in Animal House with Kevin Bacon. Utter chaos and our manager will be screaming "stay calm all is well!" F it I'm taking Monday off.
Imagine the millions that could have been saved…
How many millions of dollars, including stock options to ex-Google/Lyft resources, were wasted on Atelio! Complete waste with nothing to show for two plus years. CEO/BoD, of course, were not impacted at all for their decisions and waste.
Has it finished?
Are we all done for this round? Or do we have more days of stress remaining?
Hiring freeze STOP
Does anyone have any info about when the hiring freeze will stop?
Next round on 27th or 28th September
I heard from my director today that there is another round on 27th or 28th September, i can't remember. The persons who are leaving already know that. Do you have any info about it?
Any criteria for layoffs besides the bottom line?
From what I’ve seen, none of it makes sense unless you look at the cost savings. Which means nothing will actually get fixed, but a whole lot of people who truly know what they’re doing will be gone.
Wow. This place is really being burned to the ground
Not sure what the plan is. Maybe it's being dressed up to be sold, because the going concern ability of this place is being destroyed
Received a touchbase email for tomorrow.
Myself and a slew of members from my team. (But not all of them are from my team, and not all of my team was invited). My assumption is either: "Changes are happening and you were not affected, but we're sorry", or "You were affected by these... — read more
Total layoffs yesterday at FIS
Does anyone know the tentative global headcount affected by the layoffs at FIS?
Severance
Is everyone signing their agreements? Has anyone engaged a lawyer to review?
Our voices are big here let them be heard
If we want to continue having our voices seen and heard we need to keep speaking up together. This is the place to do it in unison.
Is anybody worried about today?
I can't relax no matter what. I'm in the permanent state of anxiety.
It's not just the layoffs, it's the dysfunction
Yes, lot's of companies are announcing layoffs But can anyone really understand our org structure? What the end goal or strategy is?
It’s not just this company
Keep an eye on the waning demand for Labor generally and be prepared eg with resumes and maybe even retraining. Bloomberg today: It’s only the third day of a much-feared month of September and sobering US economic news is already piling up... — read more
Please, don't take on extra work
If your team is affected, they're counting on you taking over the work of those who were laid off. That work is not just going to disappear, and they concluded that the rest of the team has room on their plates and can do it. And we all know how... — read more
I guess we made this top list
https://x.com/TheLayoff/status/1963401909160607779
Who’s more at risk in layoffs – tenured employees or new joiners?
In previous layoffs, did it usually affect the more experienced, long-tenured employees, or were the newer joiners typically the first to let go? Curious to hear what others have seen in the past.
Value added Service Layoffs, Directors/Leadership brought into room and let go
Heard from a reliable source that mid level leadership and directors are being let go at value added services in droves. No direction for reports as to where the chips will fall.
What to do
This is literally my first job after graduation, not sure what to expect or do? Will these cuts hit the university program?
Sep_Draft
Right-sizing is not about cutting back. It’s not about loss. It’s about clarity, focus, and positioning ourselves for the future. Think of it as shaping a high-performance team where every role, every resource, every process is aligned with where we... — read more
Virtual Support
I know today and the next few days have and will be hard. The way this company is behaving is irrational; the colleague experience is not at the forefront of their minds nor the client experience that is preached about. Although they are preaching it... — read more
The job market is horrible
Otherwise, I wouldn’t be nearly as worried about my job here, or about any of us finding new ones soon. We’re so cornered, and it’s a terrible feeling. Good luck to us all.
Please share any info if you’re comfortable
Layoffs seem massive, and we’re all on edge.
At what time can you consider yourself safe?
Those I know who have been included in previous RIFs got their 1-1 invite first thing in the AM. However, with the large number taking place today, I’m wondering if making it through the morning is still too soon to breathe a sigh of relief?
layoffs su-k
largest layoff in FIS history. Directors, Senior directors, grunts like me, etc... maddening.
Are people who are laid off immediately escorted out?
Is there time to grab your personal items?
Anything in APAC /EMEA yet?
Were there any layoffs today in APAC/EMEA so far?
Layoffs India office
Dose anyone having any updates layoffs started India offices?
Twas the night before…
Not a creature stirring on the 13th floor, unless you’re counting the McK consultants. Because pretty soon that’s all that will be left. Stephanie in her ‘kerchief, and Bob in his cap, Had just sold their shares for a long winter’s nap…as lord... — read more
Worried
If someone has the information, could you share what the end looks like? Is there a notice period offered and then the severance? Or are they letting people go on the same day right away? Worried about tomorrow and what that might look like...
Happy hour started at 2pm today.
Might as well enjoy myself in this remote meat grinder. Cheers!
Good Luck
No matter what happens tomorrow (September 3rd), please know that your value is not defined by your job. Be kind to yourself if you are given a severance package, and still be kind to yourself if you remain at FIS. Rarely does anyone choose to be... — read more
~30k employees target?
Can anyone confirm if the goal is to reduce the work force to around 30k employees? That would mean a major layoff compared to the current staff size. I came across a comment about this and wanted to see if anyone senior here can confirm this... — read more
Ominous - 3rd Sept social event cancelled
A social event scheduled for 3rd Sept over in the London Walbrook office has just been cancelled. Could be ominous.