Large round of layoffs coming in October. Be prepared.
Rumors in this thread are on point. The test came via Corp Comms. A non anonymous survey testing people on PE ratio and profit drivers?
The rumors of an August rif sound real. Hearing August 23/24 but don't know anything else. Love the email about future forward success knowing more layoffs are coming.
Amazing the shareholder value destroyed by the past two CEOs ---$18B and counting.
Who enjoyed learning the answer to pressing questions like who is the most powerful ninja turtle?
Hearing lot of chatter of another big round of layoffs - upwards of 7000 people and a sale of company to announced in Q2. This is after April layoffs already in the works Sinking ship folks, put your life jackets on and jump What are you all... — read more
What's the purpose? Fighting off rumors of a buyout? "I'll tell you before you will hear it anywhere else. Don't believe the rumors!!!" Laughable. Is she coming to an office near you?
I have just accepted a new job outside of fintech that includes a salary increase and solid job security. Inflation, though moderating, is still high and there are no merit increases at FIS while the people who mismanaged the company are making... — read more
FIS should be renamed FOS “ Full Of Sh*t” because that is what the company has become!
Let's review the story thus far: SF was going to be CEO, GN was going to be chairman $500M in 'cost reductions' are announced Pro tip: 'cost reductions' mean people Institutional investors (Border to Coast Pensions, BlackRock, State Street... — read more
Raises and to the least of the worries…
They just notified all managers to be prepared for blowback because there will be no Merit nor Cost-of-Living pay increases this year again. They are actively trying to do everything they can to get people to quit so that they don't have to pay... — read more
Since January VISA has been looking at FIS to buy it out. News articles with comments from senior people hidden in the shadows gives more detail that we get in a single sentence from our own leaders. Nothing about this company is about employees. ... — read more
Now let's be focused - which is it?
Three years and no pay raise. Paying for benefits that are bare bones. Working overtime weekly without pay increase. Is the time coming? Is this the new FIS direction until the next buyout?
SF is off to a terrible start, and she just can’t make a decision. Rather than ask staff to come back to office, just make a decision! Either tell us to come back a minimum number of days or stop bringing up RTO. Every other company has chose a lane... — read more
If I'm forced back to the office, I'll be leaving. There's no question about it for me. I will not lose two hours of each of my workdays on a commute that I can be spending with my family now that I know there's a better way. Also, don't listen to... — read more
Customers afraid of the uncertainty begin to pack up.
And more to come. And a spin off...ugh
Hey team, we need you to return to the office because our giant corporate American culture is dying! It’s not about flexing our power over you, it’s really about creating a sense that you belong with us! Who needs friends or hobbies when you can come... — read more
During the quarterly earnings call, FIS announced that they are increasing their Spending Reduction Target from $500million to $1.25billion. The layoffs are nowhere near done. May the odds be ever in your favor.
According to this story, FIS could be preparing to dump the merchant segment of its business (Worldpay) via a spin-off with an announcement being made perhaps as soon as next week (Q4 and full year 2022 results get announced on Wednesday, February... — read more
Folks, SF has been dealt the cards she’s been dealt and is playing the odds to win, and prevent more layoffs. The axe has been swung and may come around again, bloodied--that is the nature of this company and many others, so please face the music... — read more
Our GM got laid off suddenly. No word on wether there will be a replacement. Wondering if they’re going to sell the lockbox business or consolidate offices.
$500million in cuts is what Ferris plans for the up coming year. Instead of laying off talented and valuable employees that are the back bone of FIS, how about a 10% pay cut for the C-suite? Lets be real here, I get by comfortably on a $70k salary... — read more
How much truth is there in that?
I hear that many good employees are impacted. I'm sorry for everyone, I hope that you will all find new jobs soon. I wonder if shortage of talent will soon become an issue here? Those who haven't already left or who haven't been laid off, will... — read more
Has there been more cuts or was yesterday it?
Today was a sad day at FIS, lots of really good people let go and much of the dead weight remains☹️ no rhyme or reason for the people that I’m aware of that lost jobs today. People from senior VPs right down to the cheap University Program “kids”... — read more
Hello, for anyone who has been RIF'd, could you share the amount of severance you received?
There is money, so do no BS us
The entire SDR team and managers were laid off today 1/18/2023. Terrible transparency from the higher ups. Told us to book for SKO a couple weeks back to firing us all today. Disappointed in FIS with how this was handled.
Last year was just the beginning. More on the chopping block. Need to pay for the new HQ building. https://www.paymentsdive.com/news/fis-cost-cutting-plans-employees-expense-job-cuts-sales-decline-competition/638196/
Any insight into which sales groups/teams or roles will be cut?
How many would be happy to take severance and leave? I know I would and I know many others who would as well. I think the leadership should offer voluntary buyouts instead of layoffs. Something tells me they'd have zero issues with finding enough... — read more