Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

Mr Fix It

Have you ever considered frank was brought in because he truly is mr fix it and fiserv had underlying issues that need addressed. They’ve mortgaged the future to make earnings for years, now it’s reached critical mass

Blunt truth

Lots of understandable emotion on this site but let’s be real. Fiserv acquired the company I worked for. Fiserv was awesome on financial discipline and better than we were. That’s big, but culturally they were a train wreck. It went from poor... — read more 

Fascinated

Truly by how much time fiserv itself spends moderating this board and removing content. I truly hope no one comes here on a work device

Who’d have thought...

Actually listening to your employees could help correct a sinking ship?!? https://www.inc.com/justin-bariso/amazon-almost-k–led-best-buy-then-best-buy-did-something-completely-brilliant.html This story will never ring true with FB and crones... — read more 

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Post ID: @OP+16dtSV6N

Change is not without risk

Fiserv is trying to change to much at one time. Changing many tools and procedures at one time seems risky. I think decision makers not putting interest of company first.

Contaminated

Looks like FB is paying or forcing folks to upvote pro-mafia content and downvote all of the real employee posts. Get a life!

On KKR, Henry Kravis and CEO life runs

There was a reference here to KKR being involved background, particularly with FData. Some years back KKR, a well financed but deceitful leverage buyout firm took First Data into it's care and I think that is how FB came into the picture. Henry... — read more 

Building something

Everyone has their reasons and it’s not mine to judge others. But I left Fiserv because I wanted to build something again before my career was over. Watching someone just manage a business for numbers and not creating something wasn’t how I wanted... — read more 

Jeff

You all can deregate Jeff but you're giving him too much credit. If you think he planned this move to First Data, you think he's smarter than he is. Jeff was pushed out. Not going into a lot of details but we'll say the plan was in place a long time... — read more 

Motley Fool Article "Is Fiserv a Buy?"

I just wanted to make a few remarks regarding an article published by the Motley Fool published on 6/15/2020 titled "Is Fiserv A Buy?" which you can search for on the internet. I want to highlight this article because it is typical of the way the... — read more 

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| 1480 views | | 8 replies (last July 26, 2020)
Post ID: @OP+166XyRIy

Epay org change

Big announcement tomorrow on product leadership executive position as well as a substantial restructuring of the app dev organization is order to drive more productivity

I'm Out

I’m out... Not sure what’s going on with this discussion board, but I’m not really getting anything of value from it lately. Yes- It is anonymous, so I shouldn’t have any expectations. I expect too much of people, I suppose. But it was at one time a... — read more 

ATTN MGT AND HR READING THIS...u r k--ling us

Mgt and HR, your constant layoffs are k–ling your people. I work so much that I am not moving or taking care of myself. The work load is unmanageable. There is always a deadline, a priority, or email that needs to be taken care of. My assigned... — read more 

Indy Layoffs in the news

https://www.insideindianabusiness.com/story/42383341/fiserv-to-lay-off-120-in-indy-plainfield The WARN was common knowledge I think. Guess with this one there wasn't any way to dodge out of having to post formal notice.

Fiserv Proud NOT

It doesn't pay to be loyal to a corporation. If you've been there over years don't think your not the next one to go. Fiserv is loyal to NO ONE! They do not care about you at all or anyone else. There only concern is the stock holders. I've... — read more 

What's the Current Status of HQ/Brookfield

Is Frank operating out Jeff's old office? Are any of the corporate governance there? This past March when I was there the executive parking area was pretty bare but JY was still there.

Inspiring

Leadership updates occurred/occurring across the company to end the week. Strategy and approach should be clear now. While we continue to experience rapid change and not everyone associate will be around for the full journey, the future is bright — read more 

Prediction

Continued employee unrest. Short term ability to pump the stock but as contracts expire major price compression due to quality issues. More leadership swearing, belittling and general bad behavior. Fiserv ripe for the picking of still really... — read more 

More

More layoffs today. They continue in small amounts just to keep everyone on edge. The amount of talented (yes there is talent there!!!) people looking for the door is staggering. The saving grace is they will end up in a better situation

I would

I would say that Jeff will be kicking himself after Frank turns Fiserv into an Enron but he would have to give a sh– about the place. Clearly that isn't the case.

Ricky Bobby

I once attended a leadership offsite where an SVP got up to speak in front of > 100 people who had all traveled for the event. The topic was efficiency and everyone was interested in the topic. He then produced 1 slide, of Ricky Bobby, and... — read more 

Pulling an FB

Seems like FB did rub off on Jeff. I get $76 million on my exit and to pay for that, we RIF people. At the very least Jeff, you did learn something after all. Bravo you piece of sh–. May you burn in hell.

Leadership

The fact of the matter is talent wins out in business. Why are so many of the ELT from OFD? That’s where the talent is. Your CEO even got his walking papers. The truth sometimes hurts

Actually

Seems? No actually we've got OFD thinking that they are now Fiserv and making Fiserv better. In fact, they are taking all of their micromanagement, spying, belittling style of "leadership" and driving good people out. What Fiserv will be left with is... — read more 

Seems

Like everything is going well. I suspect great things for this company !!!!! Go Team Orange !!!

New ELT

21 members on the ELT now...why all the additions? Looks like FB took care of the rest of his OFD cronies plus threw a few bones to OFS.

Alignment

If you buy stock in the company your goals are aligned with leadership and you become more understanding of the direction and buy into the tough decisions more

Advice

Turn all of this energy, good and bad, into making team orange the number 1 company in America. Nothing improves morale like a few wins. Make this organization what you want it to be!!!!

Quite easy

It's quite easy to peg management posts, they're the ones that make it always sound like the employees owe the company something. Neither side owes anyone, anything. A 'job' is a mutual agreement, employee performs tasks, employer pays for those... — read more 

FISV 2021 “dominate” Forecast

Staff Reduction Headline, Feb 2021: “Fiserv Continues as a Market Lead in Staff Demoralization” More location closures, random roulette-style RIFS, 10 hours+ at keyboard as measured by multitude of new hidden tracking programs, removal any... — read more 

2021

What would you say are the main product areas of focus for 2021 and beyond Despite the chatter it looks like there’s a good opportunity to dominate with fiserv

Edited

This site is so edited I can’t follow the conversations

Over/Under

In years before this combined company is sold off in pieces

Expect more

Come July 1, expect more fines down the road. Once FB becomes CEO, it becomes his responsibility for the accuracy and availability of the information put into financial reports. Hasn't had a real good track record there.

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