My heart goes out to all of us.
July 23 - Project Kite
Sorry for those who get their pop up meeting with the manager for this day. Also the layoff schedule is every month now. Whoever is left please turn out the lights when you leave
Big RIF 7/22
Huge RIF coming next week to Worldpay. I know a lot of people still work there from FIS split. They’re basically firing so many knowledgeable doers and hiring more consultants that do nothing. Phill-p’s org is on fire. It’s because he is a terrible... — read more
With the CRO gone, is anyone concerned that no one is leading sales? Is there someone leading sales?
Bellevue location of financial tech firm to cut more than 100 jobs
Software development engineer roles took the brunt of the layoffs, making up around 64% of the terminated positions, state records show. Other cuts include data scientists and product managers... — read more
More layoffs in Bellevue
Looks like Atelio? https://www.geekwire.com/2025/fintech-giant-fis-lays-off-133-people-at-seattle-area-office/
Jumping Ship
GREAT leaders are now jumping ship and their team leads are following them... what does that say for the company... it su-ks! The most selfish, backstabbing and conniving group of executive leaders I've ever seen...it is literally obscene! Ruin... — read more
FIS vs Fiserv
If I'm going from Fiserv to FIS, am I just getting the same thing or are things slightly better at FIS?
Atelio layoffs occurred today through a series of meetings
Just under 100 were let go.
Last Week: Compensation/ Recruiting/ TPO
Last week there were over 25 from compensation cut. Over 50 in staffing/ recruiting cut. Over 150 from HR cut. Expect "delayering" in sales to be the next wave.
How are people getting around the non compete clause
I've been here 3 years and over it but don't know how I can keep the same pay if I was to move to a different industry. Can't move to a competitor for 3 months in my role so I'm stuck
Bad company
FIS Future Forward initiative. CEO creates a program for employees to develop ideas & implement changes to save the company money with a percent payout to employee. Payouts were noted to employees for June 2024, but payouts were delayed. Then, FIS... — read more
Horrible company
The CEO & CFO are gutting the entire company. Everything is offshored to Accenture. 25 years & walked out like a dog. Each month, 4th week huge round of layoffs. June, July, Sept & Oct huge layoffs. No vision CEO. TSYS was Gary’s suggestion before GP... — read more
June 25
I heard it' offshore only. So if you suddenly have a pop up meeting with your manager tomorrow, my condolences. Kind of like from Goodfellas - "that's how it happens, they come to you as friends, people you knew your whole life" Onshore will... — read more
Capital Markets: Another Reorg in Progress
Over the next two weeks, Capital Markets will be holding closed-door meetings to (once again) reorganize the management hierarchy. At what point do we stop cycling through the same failed structures and start building a leadership model that... — read more
Merit Increases Capped at 3%: What Does This Mean for Employee Retention?
This year, merit-based salary increases are being capped at just 3% - and that’s reserved for top performers. For most employees, raises will fall between 0% and 2%. With inflation, rising living costs, and growing expectations around fair... — read more
Alot of closed door meetings today in Jacksonville.
I know of two team meetings scheduled for today were canceled. Not rescheduled. Also as stated above there were alot of closed doors today. Strange for a Friday. Have a great weekend all!
Is this true?
This round is called project ivy. Next round in July is called project kite. Will also have one in Sept and November Is this accurate? Where in the world is this info coming from, if so? Am I missing something?
No layoffs today
From what I understand, there was no continuation of layoffs today. Does that mean it's over and I don't have to worry about it spilling into the next week?
Upcoming layoffs across FIS
This is going to be a larger one affecting most teams. I’ve heard somewhere between 5-10% across the company. And its going to be quick, should be done by end of June.
More Layoffs for the End of May
There are more layoffs going on this week. Know of several across both Banking and Capital Markets that have been let go today.
Bunch of India employees let go
The company laid off a bunch of employees from Indian call center as the client said the quality is terrible and apparently they did some shady tactics to avoid work. Hopefully that will spark a thought in their brains
GPN - issuing acquisition how does this change things around here?
How do you see this new acquisition by FIS - masterstroke? Do we expect layoffs? Reorg?
New strategy of shutting down products?
Thankfully, I work for a very mouthy SVP who can’t keep secrets. He said he got a document from one of John Durant’s direct that came from Stephanie that says the new strategy is to reduce the number of product lines Some of it talks about merging... — read more
At least it's over
Another layoff cycle passed and I’m grateful to still be here, even though I know more is on the way down the line. At least there’s relief in this temporary stability. It’s remarkable how normalized these cuts have become compared to a decade ago... — read more
Big RIF happening today in Jax
Rumors started yesterday Lots of people leaving quietly with their stuff today. Jacksonville Florida.
Capital Markets merger with Banking
They are in the process of merging capital markets division with banking. Why? Same reason Stephanie does anything. Boost the stock price of course. Capital Markets grows at a much higher rate than banking so it would look better if she merged... — read more
Hired remote but company wide RTO coming?
I was hired as remote but there has been mentions of those of us within a certain mile amount to an office will be required to come in. Anyone know anything about this?
Stock price dropping
Today's earnings call today was brutal. Currently down -17% I'm not sure James Kehoe knows how to deliver messages to investors. Going out of his way to highlight weaknesses. At one point he mentioned we should be "withholding payments to vendors"... — read more
FNIS Layoffs 2025
This is a master thread about FNIS layoffs? Any chatter, news or rumors?
All of Finance And Accounting Will Be Without a Job in 2025
All Finance and Accounting roles will be moved over to Accenture by end of 2025. They are purposely eliminating roles to save a few bucks. This company makes me sick.
Age discrimination
The majority of people who were let go were in their late 40s at best, but more often in their 50s and 60s. The most experienced folks. How is this okay? I know there are laws that say age discrimination is not okay. I don't understand how the... — read more
Layoffs currently underway
Another round of layoffs have started today, seems like they're still not done with it and will continue for another day or two.
Accounting/finance are cooked
oh no, Stephanie and company can't make that extra million dollars they hoped for... better let go of literally half of accounting and finance! surely this won't be totally devastating for our measly peasants. they don't like, have lives... right?
PIP
Has anyone survived a PIP at this place or elsewhere? Advice for the call with HR?
huge one incoming
The huge jobs reduction to be announced