Thread regarding Fidelity National Information Services Inc. layoffs

@gh Vincent is for product, tech dev is Faycal Jallouli and Peter Francis

@bp what's his name ? Is it Vincent?

So it looks like they are going to sell some of you if not all...

It was called the “value portfolio”. As others mentioned, this group usually houses EOL products that will not receive any capex investment. The plan is usually sunset or divest.

I don't know what it would mean for you if you're part of operations/tech in Risk Management, but from a financial perspective, this group houses all products that don't see any capex investment, only opex. You could say that the company no longer views the products in this group as strategically important enough to invest in them, but they still generate enough cash from their existing customer base that it makes no sense to shut it down.

@bp I thought randy is the cto? No?

@ba Look him up. Easy to find. Interesting how layoff rates increased after he joined. Just sayin.

@a5 who's the cto?

Very good and reasonable people, I can say. The focus is on really doing things, rather than bullsh-t. We joined a couple of years ago, and the CTO is very smart and reasonable, with no unrealistic expectations. I am happy there.