Have you seen the Wiki page for Fiserv? Maybe it’s a blend error between FD and Fiservs pages but Yabuki’s name isn’t in the key people section. And it lists the owner as KKR. WTF?!?! https://en.wikipedia.org/wiki/Fiserv
Fiserv burned too many bridges
Fiserv has been slowly blackballing itself for years. Nowadays, only the H1-B, desperate, or the naive will bother working for them in the smaller tech markets, because they simply burned too many bridges and word has gotten out. When I worked... — read more
How screwed are we?
Frank Bisignano seems like the worst possible replacement for Yabuki from what I can see, at least in regards to employees. I'm sure shareholders are going to love him when he starts cutting costs. Was there really no other, better alternative that... — read more
ATL
It’s true a lot of lay off at Fiserv here in ATL. I know of 5 people. They been with the company for 20 plus years got let go last week. Sad thing.
Insulting
While employees take home less money due to rising benefit premiums and pathetic raises less than 2% our leaders compensation keeps increasing. It’s truly obscene. Capitalism is fine corporate greed is not. ... — read more
Bad company
I used to work for Electronic Data System. Fiserv came in and took over with a promise of no lay-offs. Then laid off 98 people saying that they were restructuring the company. Long behold- 90% were black. Very prejudice company . Then like 2 years... — read more
Layoffs delayed in Dublin
12 Dublin employees were asked to stay a few more weeks due to COVID -19. See http://jfs.ohio.gov/warn/pdf/Fiserv.stm
Let's work together to create an even better Fiserv! (Everything else is counterproductive for your family)
Stunning lack of facts on this site. In any acquisition shareholders demand synergies. Fiserv synergies announced on day one included $900M in cost which at the time amounted to less than 10% of overall cost. If half of those savings come from... — read more
Think Before You Speak
There is obviously a lot of folks posting that don’t care for JY or FB...I don’t have any input on that topic. But what I would like to say is that I have been with Fiserv for a long time. And there are so many good people working with... — read more
Suggestion: Don’t Feed The Trolls
There is bound to be an uptick in FB sympathizers showing up to goad you into an argument. This is their time in the company now and they are the type of low-moral humans who LOVE to pick a fight. A majority of us on here are using this site for... — read more
Yabuki stepping down as CEO of Fiserv
https://www.bizjournals.com/milwaukee/news/2020/05/07/yabuki-stepping-down-as-ceo-of-fiserv-former-first.html
“The synergy work is not complete...”
They target is now $1.2B. They are going to cut, cut, cut. And by so doing, lose any hint of the vison/people they need to become the best fintech on the planet. You can’t spreadsheet filter your way to client success and wellness. You have to think... — read more
Jeff won’t be protecting anyone anymore
Jeff’s current or former direct reports must be really nervous right now...they will shortly be pushed out if they don’t jump first...
Jeff out, Frank in
You guys called it! I had my doubts but it happened.
#notmyfiserv
So many questions run thru my mind when I think of those 4,000 laid off. What is the benefit of losing teams of people with years and years of experience? Those people cannot be replaced easily, especially in these times. Those left behind are... — read more
But Jeff
But Jeff, why did you have to wreck this company? "Because it's wreck-able, all right?"
FB’s LinkedIn page
Aside from the fact that he feels he needs one (obviously written by a professional writer) it says nothing about Fiserv in it. You’d think given his ridiculous contract that a year later he’d update his profile. What’s wrong, Frankie...ashamed to... — read more
Can I volunteer to be laid off?
I'm done with this place, might as well try and save somebody else's job in the process of leaving.
Preparing for sale
Given franks history and the desire of the top executives to cash out, it’s pretty clear the company is being prepared for sale. The actions in the last year line up exactly with what one does to accomplish that starting with massive staff reduction... — read more
Hillsboro IT
Good news that the walking ego in Hillsboro's IT department is on his way out as a result of the covid slow down. That stuff pretty much runs itself anyway so it's no great loss. When things go back to normal, if this is true, Development can get... — read more
More Location Changes
If you don't live within 30 miles of a "Fiserv" location when the company does decide to let associates go back to the office they will let those associates go. Nevermind they are forcing Alpharetta based associates to now report to Marietta when the... — read more
Is this true?
"Does Fiserv have 4000 contractors. I know for a fact all contract positions are eliminated effective tomorrow/ 4/30. My understanding is that there will be more layoff of full time staff every month." I'm asking about contractors - what are the... — read more
April RIF's
I hear Over 4k RIF's coming tomorrow across Fiserv
Make this work for you
Instead of getting upset with the behaviors of these leaders (which are poor) do something to change this to your advantage. The stock will be a good investment for 3 years (no longer) as Jeff and frank have hundreds of millions of dollars at risk. ... — read more
JY
Jeff's thinking in 2017- "Hmm, I need someone to gut this company. Who can I get?" "Ah, word on the street is FB is the best in the biz at gutting"
Salt Lake City Closing
Salt Lake City offices will be closing. Announcements should be coming within the next 2 weeks.
Dublin office closure
Seems the Dublin office closure announcement becomes reality next week. The final end to the checkfree legacy
Burning furniture
Tommy Boys big joke when Fiserv bought FD was that they were burning furniture to stay warm. Meaning that debt was causing them to cut costs so deeply it was a major burden to operations. Well who’s burning furniture now? Is it possible to right... — read more
"Acquisition"
Merger? Acquisition? A little over a year later and we now know that this was neither. This was an overthrow, this was a coup
Peter Cavicchia and Frank’s Past with Palantir
Some disturbing and eye opening stuff. https://www.bloomberg.com/features/2018-palantir-peter-thiel/
Actions prior to May
Any rumblings on reductions prior to the earnings announcement. Fiserv is going to need to make a big splash
Arizona
Why was one side of the building sent home? Did someone get sick?
Agile coaches
Is there still an investment in agile “coaches”? Literally millions of dollars of shareholder money has been spent leading to budget overruns and the firing of long term associates to cover the gap. Ask about it in your next town hall. And ask why... — read more
Jeff - don't be a gutless coward
Stop hiding behind the Fiserv name! Call the company what it is - First Data
~500 LANIDs disabled on the OFD side last night / this morning.
I have it on good authority that ~500 LANIDs were disabled in the last 24 hours. Not sure of business unit, etc. but that is quite the number. 500 people just lost their jobs in a market that nobody is hiring in.
Book? uh-huh
Jeff is going to have a book written about him alright. It's going to be called "The man who destroyed Fiserv"
CLARITY
Another loathsome time waster is clarity. Anyone else having to do this task brought over by OFD?
Earnings call
Will the earnings call impact layoffs? Meaning do they wait until after to take action to hide those numbers?
Thoughts on the Covid-19 update will from Jeff and Frank last night?
What does this mean for us? What can we expect? How impacted is Fiserv's business by this crisis? Which business units are most affected? So many questions! Feeling pretty in the dark... Can anyone weigh-in on this?
A small note:
As you're being laid off from Fiserv, be certain to double-check and read all of the paperwork thoroughly! They will try to screw you over on your way out, especially by forcing you to shift to arbitration-only and to promise not to sue them for any... — read more