#company

What needs to happen to prevent layoffs if good results won't do it? Do they really think AI will be able to replace human knowhow and experience? Why don't we get rid of the CEO and other leadership and replace them with AI? That would certainly save a lot of money.

Mid-week off payroll so they don't have to pay us for the holiday? Are they really that petty.

Any chance layoffs spill over into next week?

I come on the site to see what people are writing and thinking. I think is hilarious how most of you just complain and some of you call MD and JC names and how they are id--ts. You do realize MD created a $100B company and he is one of the richest Individuals in the world and JC Is the COO who has made millions. WHAT HAVE YOU DONE!!!

You guys are brave coming on this platform with no ideas, no solutions insulting individuals hiding behind your screen. If you are so miserable then quit. You know why you don’t leave, because you probably realize no one would want to hire you.

I want to see him double-down and go back to his $19 price target.

Haven’t heard a peep from him in quite some time - since the earnings call?

They hired for this yet laid off the most important people that had teams fall apart.

What even is this role?

Any updates on this topic? Also, are there any hints about potential buyers?! saw the earnings - ADM performed quite well.

Are we going to have a schedule bid for Juneteenth like we had for Memorial day.

At AT&T, I’ve learned that sustained success is rarely built on individual effort alone. It comes from being connected to the company’s priorities, engaged with the people driving the work, and committed to moving in the same direction as the broader organization. For many employees who have grown their careers here, relocating closer to Dallas has marked an important step toward greater impact and opportunity.

My own path has required real personal tradeoffs. I stepped away from what was familiar, adapted to new expectations, and chose career growth and responsibility over convenience. Those choices were not simple, but they opened doors to stronger relationships, greater visibility, and more meaningful collaboration.

Dallas is more than the company’s headquarters. It is a place where strategy, execution, and leadership come together. Being closer to key decision-makers and cross-functional partners creates faster communication, stronger alignment, and a deeper sense of shared responsibility for serving our customers and supporting one another.

That proximity also has clear business value. When teams are more connected, barriers are reduced, decisions move faster, and execution becomes stronger. Over time, that kind of discipline and coordination helps improve performance, strengthens the organization, and supports long-term shareholder value.

For that reason, moving to Dallas should be viewed as more than a personal career move. It reflects a willingness to invest in the company’s future, contribute more fully to the team, and help build a more focused, unified, and effective AT&T.

This years bonuses were not paid in the US but were paid in India sending a clear signal of what is to come. Over 50% of US technical staff was laid off in last year's annual blood letting with a high probability of more to come again this year, perfectly timed after everyone works ridiculous hours finishing all the back to school work. Headcount continues to grow in India and even more of our US associates will be on there street after this years annual "event". For a US company, providing educational services to US schools, to prioritize employees in another country is akin to having American flags made in China. If that was not enough; efforts like Texas's Bluebonnet curriculum directly take aim at companies like HMH making their product obsolete. Sad state of affairs for US employees, and US schools.

…for JDI day? Do you feel like they should’ve canceled it like wellness week?

Wait for the email. Stock now in the $8s, thats 1/3 of what it was when he came in, the market has lost all confidence in him.

They are just sorting out the replacement, he will be sending the more family time email to your inbox.

https://apple.news/A9HybH5OHQS6NMhi0XheMEw

So what’s the deal with losing two senior leaders in a week? Are we finally seeing BM clean up shop before “retiring” as has been rumored for several years now? MH is probably tired of waiting to takeover.

SH posting about the 70’s like it was yesterday! From LinkedIn.

Let’s not forget the company that transformed how the world shares ideas and information. Xerox is known for inventing Xerography, the laser printer, the mouse, the graphical user interface, and Ethernet, all developed in its labs. Today, Xerox continues to innovate by expanding its IT offerings and creating a robust production ecosystem in print.

Despite predictions, the paperless office has not become a reality, and studies show that print enhances comprehension, recall, and memory. If you want to remember what you read, print it. More updates from Xerox are on the way.

Why do they have to stay so vague? Why not give us the exact number?

Why are there no current openings in myworkday? Is this temporary? I am a current employee.

Was in the tech side of 1515 and heard rumor the CTO is leaving?

Is it the streaming CTO (he is gone I thought already) or the CBS CTO?

This place is so confusing.

Ticketmaster cut approximately 350 jobs globally. This reduction represents 8% of its total workforce. The layoffs primarily affected engineering, product, and design teams. The company cited stronger prioritization and restructuring efforts.

https://qz.com/ticketmaster-layoffs-350-jobs-engineering-design-050726

He had just under 3 years, turnover went down from $14billion to $12billion. Share price down from $24 to $9 staggering -65% decline.

AI dream not producing any revenue, employees underpaid, Execs doubled their pay, layers of useless people given fake roles like Cumhire, Danny, and others. Its become a joke.

Wall Street is fed up of next quarter, next quarter excuses, never generating revenue. Bye bye Rahul you did very well out of it.

SAP used to be the greatest company to work for, at least as far as I am concerned.

But now? Not anymore. The current board is su-king all joy and enthusiasm out of work.

But are other companies that different? Oracle... meh. Microsoft... no thanks.

Is there an alternative that a) pays well, b) treats their employees well, and c) is large enough not to disappear in the near to middle future?

I am not aware of any, unfortunately.

bravo you accomplished crooks and used car sales men !

If any VPs or EVP are in this form. Please please and please request Dan to do everything in one single go and stop these RIF. People's are mentally challenged everyday by listening to rumors and fake news. Be bold and if Dan requires customers to be his first priority then give employment to his beloved customers and run this company with customers and remove all employees ( Onshore and offshore)

Something big is going on and there should be big news announced soon, does anyone has any clue?

It has been circling the drain for 10 years.

Click2Expert on steroids!

Ever coming or we hybrid now

Its been literally years now with daily posts about RTO.
Bichin on a layoff forum won't change a thing.
Sh#t or get off the pot.

Is it over?

https://www.businessinsider.com/verizon-cuts-hundreds-of-jobs-in-latest-round-of-layoffs-2026-5

listening to Chris Stansbury talk about his race car while at the same time talking about shutting down legacy telecom along with our jobs is really quite amazing. He gets the gold and we get shafted.

What Current CEO Mike Lyons Actually Said
This is the most damning confirmed piece. When Fiserv's Q3 2025 earnings collapsed and the stock fell 40% in a single day, the new CEO didn't soften the blow — he pointed directly at his predecessor. Lyons said that Bisignano's earnings targets "would have been objectively difficult to achieve, even with the right investment and strong execution." But instead, Fiserv had in recent years deferred needed investments and cut costs in pursuit of shoring up short-term profit margins. Congressman John Larson
That's an extraordinary statement from a sitting CEO about a predecessor — essentially a public acknowledgment that the financial targets set under Bisignano were, at minimum, reckless and perhaps deliberately unachievable.

The Clover Manipulation Allegations
Multiple class-action lawsuits lay out a specific and detailed mechanism of alleged fraud:
The company began phasing out Payeezy in 2023 and "forcibly migrated" as many as 200,000 merchants that had been using the older system to Clover beginning in late 2023 and continuing through the first half of 2024. Yahoo Finance
The company reported $2.7 billion revenue from Clover on gross payment volume of $310 billion for 2024, "accounting for half of Fiserv's year-over-year revenue growth." Little did investors know that the numbers were being boosted by forced migrations, the lawsuit alleges. Greensheet
The specific deception alleged is that Bisignano told investors the opposite was true. Bisignano stressed that 90% of Clover's growth stemmed from new merchants, with only 10% from "back book" conversions — existing clients voluntarily switching. The lawsuits allege that was materially false. Zlk
Shortly after these conversions, a significant portion of former Payeezy merchants switched away, which is why Clover's growth metrics collapsed so sharply once the migration pool dried up. Rosen Legal
The truth came to light on April 24, 2025, when Fiserv reported Clover's payment volume grew just 8% in Q1, a material step-down from 2024 growth rates of 14–17%. After the news, Fiserv stock dropped 18.5%. It dropped another 16.2% the following month after Fiserv said Clover's slow growth would persist through 2025. TipRanks
The class action was filed by the City of Hollywood Police Officers' Retirement System and names Bisignano, Lyons, CFO Robert Hau, and Chief Accounting Officer Kenneth Best as defendants. Fiserv has said it disagrees with the claims and will vigorously defend itself. BizTimes

The Stock Sale and Tax Benefit — The Numbers
Upon his confirmation to serve atop the Social Security Administration in May, Bisignano divested from his investments in Fiserv, as required by law. Those sales netted an estimated $530 million. GovExec
Bisignano sold Fiserv stock between May 16 and July 1. The same shares today are worth just $229 million — meaning that selling earlier in the year avoided losses of approximately $300 million. FA Magazine
And crucially, the government ethics rules created a significant tax benefit on top of that. In May, he was granted a certificate of divestiture, deferring capital gains tax on the Fiserv sales provided he invested the proceeds in approved assets such as Treasury bills or broadly-based mutual funds. This provision allows him to indefinitely postpone capital gains taxes by reinvesting the proceeds in other assets. The deferral also included an extra 150,000 shares worth $25 million held by his wife and in family trusts. FA MagazineYahoo Finance
This tax break, part of a loophole installed in the 1990s, has previously been granted to other high-level appointees like billionaire banker Howard Lutnick and former Treasury Secretary Henry Paulson. So the mechanism itself is legal and established — but the timing and circumstances here are what drew scrutiny. Yahoo Finance

The Congressional Referral to the SEC
This escalated beyond advocacy groups. Congressmen Larson and Himes formally referred the matter to the SEC, requesting an investigation into the circumstances surrounding the financial reporting of Fiserv during Bisignano's tenure and the timing of his required stock divestiture. They wrote that "the timing of Fiserv's updated guidance and resulting collapse in Fiserv's stock price raises significant questions about the timing of Mr. Bisignano's nomination and confirmation." Congressman John Larson
Senators Wyden and Warren separately wrote to current CEO Mike Lyons demanding information, noting that "Mr. Bisignano appears to have failed to manage Fiserv effectively, and may have misled investors and the public about the company's financial status." PSCA

What Is Confirmed vs. What Is Alleged
To be clear about the legal landscape:
Confirmed facts: Bisignano sold roughly $530 million in stock between May–July 2025. The stock subsequently collapsed 40%+ in October. His successor publicly said targets were unachievable and investments were deferred. A certificate of divestiture was granted, providing substantial tax advantages. Multiple class-action lawsuits have been filed.
Alleged but unproven: That Bisignano knew the true state of the business when he sold. That the Clover migration was specifically orchestrated to inflate metrics and mislead investors. That the timing of his government nomination was connected to knowledge of impending stock collapse. Fiserv has denied all allegations and is contesting the lawsuits.
Under investigation: The SEC referral means there is at least congressional pressure for a formal investigation, though no SEC action has been publicly confirmed.

The Broader Pattern
What makes this situation particularly notable is the convergence of several things happening in tight sequence: an improbable government appointment, legally required divestiture at near-peak prices, a tax-advantaged structure that deferred hundreds of millions in capital gains, guidance that the new CEO immediately described as unreachable, and a stock collapse that followed within months. Whether that sequence reflects wrongdoing, extraordinary luck, or some combination remains to be determined by courts and regulators — but it is, at minimum, a fact pattern that warrants the scrutiny it's receiving.

I started with Fido when Reagan was president, now I'm retired. I've seen how they have been able to keep bad news out of the media or at least they control the narrative. Ignites is a great newsletter for the financial industry that sometimes has news before it breaks. I signed up for free using my company email when I worked there.

Guys, what is this meeting for a flash call on my calendar? any ideas on what is happening?

G6,5,4 - majority are youngsters getting laid off. Runway if you are young this is a company for dinosaurs

What did we think of Meg this time round?

How many people from Connect were impacted today?