Topics regarding layoffs at Fiserv Inc.

Topics regarding layoffs at Fiserv Inc.

They do nothing but make empty promises

Fiserv has no way to keep the remaining talented employees except by giving them false promises. How many times do you hear promises from your manager that never come true? I'm pretty sick of it by now. It is okay to believe them once or twice... — read more 

Only 40% answered employee survey

Got an email today encouraging everyone to do the annual employee Share Your Voice Survey. With only 8 days remaining until the deadline, only 40% have submitted the survey. That is a very low number. People just don't care. Great job Frank!

Fiserv has no future

The company's treatment of employees will be its downfall. The companies that treat their employees like they matter, like what they do makes a difference will go out of their way to make a difference. That's not Fiserv. Fiserv is in the other group... — read more 

Attended PINNACLE and couldn’t be prouder!

I earned my way along with 300 other colleagues who victoriously contributed to record year of $16 BILLION IN SALES a record 11% growth rate! Despite the noise on this site there are thousands who work everyday and are awarded monetarily and love... — read more 

New Jersey High School with High Cancer Rates

https://www.tapinto.net/towns/middletown/sections/other-nj-news/articles/nearly-100-former-students-and-staff-from-colonia-high-school-develop-brain-tumors In case you need another reason not to move to the arm pit of the US.

Inflation

Let’s see now… inflation is the highest in over 40 years. Gas is over $4 a gallon, groceries are up over 10% and we are lucky to get a 2% raise. And how much is Frank taking for his salary???? All the while sitting on his throne surrounded by his... — read more 

KKR Acquires Barracuda Networks?

https://www.thomabravo.com/press-releases/kkr-to-acquire-barracuda-networks WTH!? My favorite spam filtering hardware is about to be swallowed by Frank and his appetite for destruction.. Ugh.

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| 1110 views | | 1 reply (April 14, 2022)
Post ID: @OP+1gdGeOYR

Layoffs by the end of the year

Chances are there will be more cuts by the end of the year. Does anyone have more information? I'm making my exit plan.

Backfilling positions

Have any positions been backfilled this year? We've been waiting for months for replacements for several people who left and all we're getting from management is "soon." I'm not sure we can wait much longer, our team has halved in the last six months... — read more 

How to go about asking for raise?

My peers are leaving, getting counteroffers, but still leaving. How can I get the raise they would have got with the counteroffer?

Mistrust and information withholding

The full org chart is no longer disseminated Salary ranges for various roles are kept private Everybody is being told different things when it comes to WFH: 100% in the office, 51% in the office, "do whatever you want", etc. Unreasonable... — read more 

Out of control

Fiserv is a total mess. Until a few months ago, I thought that leadership actually drives the decline, but now I increasingly think that leadership has almost no control and that the company is left to chance. I may be exaggerating, but I don't... — read more 

New Clover CEO

Why did the Clover CEO get forced out after one year on the job?

Frank got a 67% raise last year

Because he’s done such a fabulous job running the company, reflected by a stock price that has gone absolutely nowhere since he has been CEO. “ Fiserv president and CEO Frank Bisignano had total compensation of $20.4 million in 2021, up from $12.2... — read more 

I love this company... (after leaving)

No, I'm serious. I was overworked and stressed, so I decided to start looking for a new job. Due to not having a lot of time it took me a little while, but I found a position at a company that offered me exactly the same pay as I was making here. I... — read more 

It will only bring more confusion

I think these flexible work arrangements will only bring more confusion. Who agrees? Personally, I would agree to a smaller paycheck just to not have to come to the office, because there is no need for that at all. Working at home for a few... — read more 

Healthy company? 4-5% open reqs

You tell me, the company is not growing organically. Right? Yet, the company has over 2000 open reqs! By my calculation the company has 4 to 5 percent of its positions open. Some teams with open reqs are being told positions can not be... — read more 

Nothing changes, nothing improves

We're so used to getting bad news, but when's the last time we got some good news? We've been conditioned to not expect anything positive and to take anything negative that's thrown our way like it's perfectly normal. I wish many people would realize... — read more 

Layoff talk

If we can get back to layoff talk now. I think we’re going to see a massive reduction in RIF activity. Enough savings have been gained and remaining staff is critical to innovation

Culture ruled by fear

There used to be trust at Fiserv. But now there is no trace of trust here anymore because managerial fear overpowers trust every time. I was working in a constant state of fear because of the manager, anyone who happened to miss a goal, no matter... — read more 

But for real

There is a small number of extremely talented leaders moving to Berkeley this summer from the Ohio office. Real difference makers who will drive some very positive change

What are surveys for?

Of course I won't say what I really think in a survey. If we all know that no one will speak their mind in surveys, except maybe those who want to lose their jobs, then what is the real purpose of these surveys? As far as I'm concerned... — read more 

14 Signs It's Time To Leave Your Job

You lack passion. You don't wake up with a feeling of excitement towards your job. You are miserable every morning - you dread going into work. Your company is sinking. No need for you to sink also. Put on your life preserver. You... — read more 

You're valued!!

...not by Fiserv, but by the competition. Go interview on the outside and get a new gig. I did, got a huge raise and couldn't be happier - you're worth way more than Fiserv tells you!

Exit interview?

I accepted a job offer with a new company and plan to give my notice next week. What are the chances there will be an exit interview? My department is losing employees at an insane rate. Does Fiserv care to find out more regarding why so many people... — read more 

It defies common sense

If there is anyone or anything that can demotivate me, then it is my manager. And there are many such "professional demotivators" at Fiserv. Isn't demoralizing employees against common sense? They know very well that their micromanagement does... — read more 

Exit strategy.

The manager told me this Monday that I would be receiving a pay cut. It shocked me quite a bit, especially given the fact that I’m the best performer in my team. As far as I know the other team members didn’t receive any reduction in pay. Obviously... — read more 

Prespective from a client...

I don't know where to start, I am not an employee/contractor or a merchant service provider. I am the CEO of my own company, we use the Fiserv/FirstData's payment infrastructure to process payments for our clients. We started with First Data, later... — read more 

RTO problem admitted at last

At the GBS Tech town hall with Chris, he admitted the staffing shortages, the layoffs of low performers AND the fact that many are leaving partly due to RTO. He basically said there is no definition of flexibility and for now WFH flexibility and it... — read more 

Fiserv makes my resume look bad

I'm angry at myself that I stayed here longer than I should have. Now that I look at my resume, Fiserv seems like my biggest mistake. I hope that my potential new employer will not pay much attention to the reputation of the company I come from.

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