and fired 8 pilots plus support / maintenance staff. Why on earth did it take so long? Only just did it these last few weeks?
Too many managers
It was said before and it needs to be repeated. Our management levels are bloated and need to be thinned out. Layoffs are needed, but they keep targeting the wrong people. Focus on managers who do nothing and we'll be golden.
Lawsuit from small credit unions
Yesterday judge allowed lawsuit to advance against Fiserv. Massive F*up by DW under his Product watch!!!! And, he gets to keep his job!!? So motivating to work for Fiserv promoting these losers!
Hostile work environment
Worst culture. No ethics. Body shaming, talk bad about other cultures, harassing juniors, contract workers, women. Comment bad in front of others about their skills and work. No appreciation at all. No satisfaction. Even if you work 9+ hours at... — read more
Gotta hand it to him...
Frank was a miserable little criminal troll. Mike had the personality and warmth of a snow pea. Takis is pretty personable and has said the right things. I don't like the idea of not automatically replacing attrition, but nothing has changed in that... — read more
A friendly warning
If you're planning to leave (and who isn't, right?) here's some advice from someone who's been around. Pay and title matter, but culture and environment matter even more. I focused too much on the first two and ignored the rest. Don't make the same... — read more
FIG and Dhivya is a mess
She keeps pushing for outside talent that have no idea what we do. Associates and clients just want results not supposed big name! Are we not heavy on top already? You need to keep and bring back former Fiserv talent that know how to keep the... — read more
Does Takis Support WFH?
BisigSCAMno destroyed the company and made this place miserable to work for with Sapience and mandated in office hours, minimum 9 hours a day, five days per week. Mike Lyons brought back some sanity by offering flexibility with pool of remote work... — read more
It's been a week
Now that the passions have settled, can we have a normal, objective conversation about what we can expect from Takis? Not oh, he's the worst or he's the best rhetoric of the past week, but let's see what he actually brings to the table and how it'll... — read more
LinkedIn Post About Fiserv CEO Change - Comments Are Not Good
Go to linkedIn and look up this guy and his article. Then read the comments on his LinkedIn post! LOL Joseph Butler Former Inc. 500 CEO| 2x E&Y Entrepeneur of the Year Finalist | Strategic Advisor | Board Member | Veteran Hiring Advocate | GTM... — read more
Relocating from BH to Atlanta
Relocated for the job, but I see its too expensive to buy homes etc here, if I request to be transferred to Atlanta, will they retain the NJ pay or lower it? As it is long hours, ok pay, no increment, no bonus, job market outside is worse!
Takis is positive for the organization
Takis is probably one of the best known fintech talent. Grew JPM from 7 people to 15K people & 20 billion revenue run-rate. Probably the best we could hope for. Not sure why Mike Lyons got the CEO role in the first place — he clearly has no clue... — read more
About time to clean out remnants of SW wrecking ball crew
Fiserv cannot afford to keep ineffective, incompetent, inexperienced VPs! Waste of $$$$. They warm their seats, collect a nice salary and add no value. Their staff runs the ship without them - why keep them?? Their resume speaks for themselves - no... — read more
More Layoffs on the horizon
Anyone heard the investment community is predicting at least 50% RIF in order to restore profitability and stock price…
Fiserv's Rank - WSJ - The 2026 Best Companies for the Future
The Wall Street Journal evaluates how leading US corps stack up in 6 areas: AI readiness, innovation, talent readiness, financial fitness, resilience and agility. Fiserv ranks #364 overall with an Overall Score of 44.6, below the Financial... — read more
Chewing fingernails
Saw this in a client meeting. Won’t miss the nervous ticks, let alone figuring out how not to shake hands!
For Sale
Time to hang a For Sale sign in the window. We’ve heard speculation for years about selling off parts but why not the whole thing? Even if it’s parts to multiple buyers.
what does it take to get bought out
serious question.. given the stock price, people being pushed out, nepos in management, no real long-term plan, etc., can we be bought out by another company?
Fiserv’s new CEO retains team
The company took immediate steps to retain other top executives. Suryadevara was promoted to president on Monday, according to an analyst report from TD Cowen. A Fiserv spokesperson declined to comment on that information. Also, Chief Financial... — read more
Nothing will change
It's amusing reading all this speculation when we all know deep down that nothing will change. The same thing that always happens will happen again. We'll see more layoffs, more outsourcing, more "do more with less" rhetoric, and more of the same for... — read more
Truist employees here
Give us the scoop on Lyons. Already sent corporate email to all of Truist saying hello. More info coming soon. We are ecstatic to get rid of our current CEO to a forced retirement. What does Mike think about hybrid. Working from home 2-3 days a... — read more
What should Takis do to gain your confidence?
What would make you think, hey, this might not have been such a bad thing after all?
Mike left
Lmao Mike came in, penalized the teams leaving hard workers out of their jobs and sending layoffs. Now he is out in 13 months tell me he didn’t do well in his job. The leadership changes that took place lately and continuous after Frank left clearly... — read more
Fiserv Board of Directors to be nominated for worst pumice company Board (ever)
They presided over more than $100 BILLION of value destruction and continue to enjoy quarterly catered chicken lunches and nearly $350,000 in annual fees.
Does Takis keep Dhivya around??
Hope not, she has ruined FIG and it will be a drag to the financials for a long time because of her inability to lead
Lyon knew this is a sinking ship
It’s evident that a seasoned professional knew he is unable to save this company and the company’s performance is damaging his professional reputation . Changing hands is just delaying the inevitable. The replacement was a necessity and nothing more... — read more
Takis is a seasoned industry veteran
We could have ended up with somebody who has absolutely no idea what he/she is doing. At least there's that to be grateful for.
Communication
I'm curious what type of communication was sent to employees about the exit and new CEO. Hopefully they have an all hands and give reassurance.
Don't get your hopes up
A change in leadership changes nothing for us. Rotten culture and corporate greed are the real problem.
How much did ML actually get paid (not worthless stock)
Interested in the cash amount or actual stock amount he was able to sell, or sign on bonuses actually received etc Assuming this is public information
Takis will make Fiserv great again!
I have faith!
Please Add Fiserv to the list containing Blackberry, Circuit City, Radio Shack.. Extinct..
Get out while you can, save your hard earned dollars fro your family's sake.. you had sacrificed your family time to make contributions to Fiserv stock .. here you are.. Circuit City, Radio Shack, Blockbuster, Fiserv....
ML distain for employees?
What are people referring to? Have seen a few posts about this. I also missed the town hall where I read in a few comments that it apparently broke through a couple of times
My main concern
is whether the new guy will be good for employees. That's all I care about. We've had others that have been good for the company and the stock but not for us. I hope this one will be different.
acid test for new ceo
if the new guy schedules an all-hands this week And includes at least some assurances that he’ll treat us like actual human beings, there’s a chance he could be a good leader. If he doesn’t, then he’s an axe man who wants to get rid of as many of us... — read more
Question from Truist teammates about Mike Lyons
Hi Fiserv folks! Several Truist people stopping by your forum. Mike Lyons was just announced as our incoming CEO. What can you tell us about working under him? Decent guy overall? How was his leadership style? Transparent and approachable, or more... — read more
Dear Mike Lyons
We are not mad at you. You stepped into this circus unknowingly.....best of luck
ANY OTHER NEWS
Any other news to make stock decrease further......we may just hit $20.00 a share.
At least he can't be worse than Frank
Right? As bad as Mike was, he was still better than Frank.