Curious if anyone is aware of whats happening today. Just received this at 7:50 am for today... Digital
7/10 employees recommend FIS
Managers in FIS India tell their employees that Glint survey is not anonymous. Be careful what you write.
Golden Handshake
FIS is planning to offer Golden Handshake to employees over age 50. The terms are 2 x Number of Years in Service + prorated 401K The offer has been given to several employees in my team.
The bully brigade
When insecure people get promoted, they become bullies. That's the environment we're living in now.
Does anyone here know anything about the Capital Markets’ Portfolio Solutions Group?
I’m trying to understand what the actual purpose of that group is and what the experience has been for people who’ve been part of it for a while. Recently, Risk Management was added under that umbrella, but there hasn’t been any clear explanation... — read more
UK layoffs
Has anyone been laid off in the UK? Could you please share the experience? Re-badged, how many months notice, payment agreement, BU, ...
This is becoming infuriating
Low performers get lower expectations and less work. High performers get dumped on. The raises are basically the same. And it keeps happening.
Severance Cap
Has anyone heard that going forward, anyone that receive severance will have it capped at 7 weeks?
Who lyin'?
70 out of 100? Pshhh...07 maybe...
Breaking news
The FIS building/campus in St Petersburg will be put up for sale in August. No other details or word about the staff. Just that announcement. So much for the Return to Office initiative.
Favoritism & immigration abuses
Recently I noticed a lot of guy's spouse are joining fis at lower salary replacing local folks. If the employee is on l1 visa then the spouse must be in l2 visa and per my knowledge the corporate companies including fis generally don't hire l2 but... — read more
Anyone who was laid off, have you had any success with the employment assistance?
Was curious about how effective they are. If you don't mind sharing, that would helpful.
Projects shelved, Contractors terminated.
Last week, several projects were shelved. Several contractors were terminated/laid off. Never seen such a velocity with which FIS is doing cost cutting. Upcoming August lay off is "mother of all layoffs". Get ready.
Why to work for such company?
We all know that FIS is working hard to get sold to other company. When that eventually happens then Executives will get millions of dollars as bonuses. Why to work such company where there are no growth prospects. The leadership is looking for own... — read more
What will happen when FIS gets acquired.
When FIS gets sold then executive team members will get hefty bonuses- ranging from 10 to 100 million. Staff members get eggs to eat.
Deal did not go through
As per some speculations, FIS was bought out private equity firm. But deal did not go through as the current executive team asked for 500 million bonus payoff. The board and buyer was willing to pay 200 million. Each Leadership team member would have... — read more
The writing is on the wall
I'm not nearly as negative as some people, but sadly, the facts are clear. Layoffs are just delaying the crash. What happens when they've cut everyone they can?
BPS TA: four laid off this morning
No rhyme or reason for the chosen: some long term tenured, some newer, but good at their jobs. That department was being hammered by senior leadership about meeting SLAs. They will regret it later when the staffing is needed later in the year. Why... — read more
The Lay Off Waiting Room
It's an excellent point made by a poster below. Many are hoping to cash out for the severance and feel entitled to do so. There is no disagreement with that. The sturm und drang has been real. Employees have earned that money. Now, they weigh whether... — read more
Next round August First week
Next round is August first week. There will be no severance. You will be transferred to cognizant/zensar. Either take it or leave it.
Why are you still at FIS
I was let go after more than 20 years. I have to ask, why are you still at FIS? It is a tough market and the longer you are there without spending adequate time searching for a new job will hurt you. You already know it is a POS company. C Suite is... — read more
Everyone's leaving
I'm watching more and more people make their exit. One of my coworkers just left for a job that pays significantly less, and he says he's never been happier, and I believe him. Others are just hanging on, waiting for a layoff so they can get... — read more
FIS Buyout is soon
Heard that several companies are circling for merger / acquisition of FIS. This is the reason stock went from 38 to 41 as news was leaked and potential buyers stared accumulating stock from open market. CapitalOne, Visa and Private Equity firm led... — read more
How much should I worry?
There were rumors about possible layoffs next week. How concerned should I actually be?
FIS closes at $41.91 per share
Remember, the 52 week high and low are $37.42 and $82.62. Those are shocking results.
Has the foundering begun?
If Project Dolphin is backfiring and employees are no longer being forced between re badging with a vendor or severance (not enjoying that at all, nope), how will they be able to pay off everyone? The remaining Franklin Templeton legacy staff that... — read more
Digital Banking employees sent offer to rebadge
Digital Banking employees who had previously been given a final day of June 30th, then shortly thereafter extended to August 31st, received a letter this morning asking if they would be interested in being transferred to the third-party vendor... — read more
What's going on with MBP?
Curious to know what's going on with MBP (Modern Banking Platform)? It seems like it got hit with layoffs recently. I've heard rumors about it struggling lately to gain traction as a proven core solution.
Internal Job Opportunity
Since all of the layoffs over the past 6-12 months, I’ve been actively applying for internal and external jobs. I finally got an interview internally, but I’m curious what are everyone’s opinions on what parts of the company would not be worth moving... — read more
The current situation has been extremely difficult, with excessive pressure and a clear feeling of favouritism affecting the overall environment
The working environment within the MBP QA team was disappointing, with unprofessional behaviour and attitudes affecting team morale and collaboration.
Right Skills, Right Leadership
During my time at FIS, I observed instances where individuals with limited technical knowledge were placed in leadership positions over highly skilled resources. It highlighted the importance of having the right expertise and leadership approach in... — read more
Favouritism seemed to outweigh performance
My experience with the MBP QA team was disappointing. Favouritism seemed to outweigh performance, and quality work wasn't properly valued. Despite my commitment and contributions, I was made redundant while others with limited output remained.
Put it on the table
I put it on the table everyday, then on their foreheads while they swallow my salty taint. This company doesn't deserve my genius or talent. I've never worked with such a pool of executive low iq mental mid-ets in my life. I knew DEI hires were a... — read more
Worked hard morethan 15 year in fis
I worked for MBP, including weekends when required. However, I received a sudden call from the TPO team and was informed that my role was being made redundant. I was laid off recently.
Too much unhappiness in Manila office
I came across this site and want to share the situation in FIS. Our office reports to managers in Bangaluru India. The managers are very rude with our teams. They talk very loudly in the team meetings. The FIS Managers lack basic management skills... — read more
Got Riffed this morning
Was invited for quick meeting at 9:30AM for 30 minutes. My manager along with someone from TPO joined the call. RIF terms to be kept confidential. My manager promised me to consider me when some position open, TPO asked me to forward resume to... — read more
This site is popular among FIS employees mainly.
There is hardly any activity on this site for other companies. Looks like this site is popular with FIS employees. Wondering why?
LHH is a joke
They don't offer what I do and their links are broken or don't work in chrome. Come on FIS - like their has to be something better out there.
Age distinction in layoffs
Not really sure why, but did anyone else get one version of the layoff document to sign only to get another on the 9th? The latter added extensive language for preventing lawsuits, client interaction, bad-mouthing company, etc. What I would expect in... — read more