FIS is going through another realignment, and based on the company’s recent financial guidance and continued focus on reducing costs, It is estimate there’s about a 65–75% chance that another round of layoffs will follow.That doesn’t necessarily mean a massive company-wide layoff. It’s more likely to be targeted at areas affected by reorganizations, product consolidation, automation, and cost reductions. For employees, the biggest question is whether your role or product is being consolidated, automated, moved, or eliminated. If your expertise is critical to keeping an important product or process operating, that can actually make your position more valuable during a restructuring.
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I never see anyone hired in US, only layoffs and re badging. Also I see people from offshore getting hired, and people getting redeployed into formerly US based teams. Cognizant lost $8.4 million in anti US bias case, and investigation underway by feds over H1-B via abuse. From a US perspective, it is being forced off one sinking ship to another - and other ship has massive holes. Not fun for anyone - all one can do is keep up on upskilling and hope for the best. Not a career path anyone planned for when they got hired by FIS.
I will post on Kalshi betting there will be 100% chance of a layoff in Sept. If you don't believe it, feel free to bet against me!
@hw Management spends their time planning the layoffs. Seems to me it would make more sense for them to be planning projects and investing in the growth and value of the company.
Can anyone, I mean ANYONE tell me what Middle Management does? Honest question.
Re-Org hasn't stopped in 2 1/2 years...this is constant churn and this leadership team still can't provide any direction. Easy paychecks...so boring.
@OP Yes, another re-org is ongoing. How large, there are people on here who can probably say, but as usual, things are kept in the dark and then sprung on us.