Topics regarding layoffs at ACI Worldwide Inc.

Topics regarding layoffs at ACI Worldwide Inc.

Company moral going downhill fast

This seems to be a very demoralised organisation, have heard some really bad complaints about senior management, compliance training states no recriminations, those people who made complaints are now gone, and manager/s are still here doing the... — read more 

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| 2053 views | | 1 reply (August 9, 2023)
Post ID: @OP+1nJv3lS0

More layoffs

It's not great when there's another round of layoffs and it's only June.

New CEO pending

I guess there isn’t a sale process ongoing if they are looking to shortly hire a new CEO. Quarterly results were lousy as well.

Sale or takeover on!!!!

Either a full sale or partial sell off is happening. Rumours of staff having to redo securtiy, credit checks and police/global security checks. IF This is correct ,could be for an audit for a potential buyer or takeover, Senior management and HR... — read more 

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| 2614 views | | 5 replies (last April 24, 2023)
Post ID: @OP+1leGmSVf

Feeling of impending doom. My perspective.

This is a strange feeling, currently all quiet, feels like people have gone into themselves and keeping heads low, those that do poke their heads up seem to be having them blown off. Rumors are flying about pending sale, office closures, more staff... — read more 

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| 1681 views | | 2 replies (last February 16, 2023)
Post ID: @OP+1laKuck2

3% erased

Yes, rich people like to use this word

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| 1961 views | | 7 replies (last February 6, 2023)
Post ID: @OP+1kOTfR31

CEO Gone

What a day! What does the future holds for ACI? They will sell us for sure.

Future of ACI?

What is the likelihood of ACI being sold in the next year? This seems to be a theme in several past comments. Just curious what the current thoughts are on this topic. Who would the potential buyers be?

by
| 1831 views | | 3 replies (last January 9, 2023)
Post ID: @OP+1j8VM3Nh

People should do their research on ACI before joining

I'm shocked that we're still able to attract new employees considering there's more than enough info online on the type of culture they're walking into and what mess they're going to find once they start, among other things. All I can think of is... — read more 

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| 2331 views | | 1 reply (August 19, 2022)
Post ID: @OP+1ig5dv3g

Just joined

What is up with the bureaucratic nightmare of getting anything done? There are so many systems, processes, and policies in place that make progress almost impossible. Is it me? People don't follow through, make empty promises, and just kind of go... — read more 

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| 2001 views | | 4 replies (last October 26, 2022)
Post ID: @OP+1ifBY0i0

Do they care about the employee any more?

Is the push to have employees go back to the office an effort to increase resignations so layoffs are minimized? There are so many remote positions available in today's market. This decision does not seem employee focused at all.

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| 1291 views | | 1 reply (September 6, 2022)
Post ID: @OP+1hH57UOl

What bothers you most about ACI?

I have too many complains so I can't single out one as something that frustrates me the most here. Coming to ACI was my biggest mistake. I hope to find a way out as soon as possible.

Interesting Announcement

So part of the business sold. A number of employees sold too along with their new CEO. Interesting times....I wonder if the business is being sold in 2 parts?

Off nearly 5% today

Close to a 2 year low, and not that far from a 5 year low. Why?

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| 1011 views | | no replies yet
Post ID: @OP+1gGxnQ78

Dragon Lady Gone

Was mentioned on another post but worth mentioning here. Anyone who had dealings with her has to be happy.

52 week low

Earnings weren’t horrible, but the market is down. But ACIW is now at a 52 week low, and close to a 2 year low. Will this company turn things around? The ELT seems stabilized now but the share price hasn’t moved up.

Another $250 million stock buyback approved

So, instead of fueling innovation, dollars are going to buying back shares, which will prop up the EPS but will do zero for growth. How many layoffs will need to be made to pay for that $250,000,000?

by
| 2031 views | | 3 replies (last January 5, 2022)
Post ID: @OP+1eastCbA

Is ACI a good place to work?

Considering how non-active this board is compared to my current company's, something tells me that applying at ACI wouldn't be a bad idea right now. I can see here that layoffs are not too much of an issue, but what about other stuff, like company... — read more 

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| 3012 views | | 6 replies (last November 22, 2021)
Post ID: @OP+1dNgQ4F6

Quiet Lately

Any news? How is the old sales leader handling products? How is the engineer handling sales? Has Odilon wised up yet? Any more layoffs?

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| 2542 views | | 5 replies (last November 24, 2021)
Post ID: @OP+1dDdv3PB

This time is different

This time I would love to be on the layoff list. I wonder when this became a company where many people suddenly hope to be the target?

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| 1861 views | | 2 replies (last October 11, 2021)
Post ID: @OP+1daLLT3R

New Chief Strategy and Transformation Officer

New ELT member, after a few others left recently. Is he moving to Miami? Denver’s not going to cut it. Younger than everyone else, has a young family. Will probably realize 3 months in what a mistake he made joining when some of the legacy ELT... — read more 

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| 2231 views | | no replies yet
Post ID: @OP+1cyJv3WX

The company is collapsing?

Some may not agree, but unfortunately, everything indicates to me that this is happening. I wish someone would tell me that this is not true. One should hope for the best, but have their resumes ready to be sent out.

What is happening?

I come from a region that is run by someone who plays favorite and an absolute ruler. If you are his ally you will go very far, if not your position is in danger. My previous post was taken down and I don't know who, how or why! No human in human... — read more 

(ACIW) is down -15.27% from 52 weeks low

Beware childrend: https://statereviewer.com/2021/06/03/aci-worldwide-inc-aciw-is-down-15-27-from-52-weeks-low-but-dont-get-your-hopes-high/

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| 1341 views | | no replies yet
Post ID: @OP+1bhI2dE6

People drastically losing motivation?

I started looking for another job because this became unbearable. I used to love my job very much and enjoyed working, but the atmosphere is so bad now that I just don’t have any will to work. I start work with a stomach cramps every day. I'm working... — read more 

Quiet before the storm?

There were many rumors that big cuts would follow in June. Here it is, June, and the rumors have died down. Does that mean we can relax for a while longer or that it’s quiet before the storm? I hope that earlier story about layoffs was just a false... — read more 

Absolute Misery

Have been with ACI just under 2yrs & in that time we've had 5 "leaders" of the region come and go. FIVE! Each one worse than the last. Complaints to Ethics hotline over serious misconduct and breaches left unresolved and "quietly" forgotten. A... — read more 

You all need to know this

The most important thing for every employee to know is 1) members of the ELT are not your friends 2) they will throw you under the bus at any time to save themselves or to cut costs 3) the closer you are in reporting directly to them the more... — read more 

Horrible culture

I haven't been here for long (going on two years) but I'm yet to find a place with a worse work culture than this place. My former workplace was bad, but at least the toxicity was mostly limited to my team and the company was okay. Here, the toxic... — read more 

Shoes Lady Leaving?

Wow! Another day another ELT bites the dust! Anyone else suprised?

by
| 3040 views | | 11 replies (last July 6, 2021)
Post ID: @OP+1aW8zrSF

Massive cuts in last 3 months?

Looked at earnings and as usual it’s not great despite what the press release says, But what was telling were a few items from the detailed financials December quarter employee compensation: $48.6 million March quarter employee compensation:... — read more 

Head of Revenue Growth Leaving already?

Didn't TM just started not long ago....less than 6 months ago? She probably saw no future here and decided it's time to move on to bigger and better things. They have done musical chairs again for replacement. When will this company learn? It will be... — read more 

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| 2240 views | | 7 replies (last June 10, 2021)
Post ID: @OP+1aBmYWm5

Big mistake by ACI

Need to fire the CTO and Interim CTO for this screwup. Clearly a problem with execution, who will be held... — read more 

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| 1910 views | | no replies yet
Post ID: @OP+1aAotiAy

New Board Members

One has been a CFO in various payment companies, so expect him to look at cutting costs even more. He is the chair of a point of sale company so maybe he can bond with Taco Man! The other has spent a long time at B of A before she left, and is now... — read more 

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| 1771 views | | 1 reply (March 25, 2021)
Post ID: @OP+19Z4VRfw

Sell us off what are you waiting for?

This place is good at one thing, screwing it's most valuable asset, the employees. Non-stop lay-offs of good people. Remaining employees doing 2-3 people's job. Pay is miserable! ELT gets promoted despite screwing up time and time again. New head of... — read more 

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