The track record of the CHRO and CEO in selecting talent is abysmal. The batting average must be less than 2 out of 10 have made it including Franks failed selection of Mike Lyons himself.
Where is the Board? Surely the Talent and Compensation Committee Chair must be witnessing this failure. Divya alone will cost the company millions.
16 replies (most recent on top)
@d0I think you’re missing the point a little. Nobody is saying a few comments here mean Fiserv is filing bankruptcy tomorrow.
The reason people are concerned is because they’re looking at a bunch of things happening at the same time: de-conversions, clients leaving, layoffs, cost cutting, rumors around STAR, and uncertainty about where certain businesses are headed. People who work here are seeing those things firsthand, so they’re naturally going to have a different perspective than someone just looking at a stock chart.
Also, a company doesn’t have to be “going bankrupt” for employees to be in a bad situation. Plenty of profitable companies cut, sell off businesses, outsource work, and make major changes because leadership is trying to improve margins.
So yeah, some of the doomposting is probably over the top. But acting like everyone raising concerns is just being irrational because the company still has cash flow is also ignoring what’s actually happening on the ground.
@d0 Fair enough — questioning what we’re seeing isn’t wrong, and you’re right that “vibes” and upvotes aren’t financial analysis. But the fix isn’t dismissing the questions, it’s helping the finance-illiterate among us actually read the signals: revenue trends, debt covenants, cash flow, analyst ratings. So skepticism should go both directions toward “the sky is falling” and toward “nothing to see here, trust me.” Do you have any more details to add or you’re just wanting to rant?
@cz Oh absolutely — we’re definitely doomed. I mean, just look at the airtight evidence:
• Someone said “we’re all doomed and our office will be hit first” — very scientific analysis there
• Another person “foresees bankruptcy” because they saw “de‑conversions left-right each day” — impeccable forecasting methodology. I see nothing but de-conversions left-right each day.
• And of course the classic: “Clearly the company is failing” — backed by zero data but 13 upvotes, so it must be true
Truly inspiring stuff. At this rate, I’m shocked Moody’s hasn’t hired TheLayoff.com commenters as senior analysts.
And yes, STAR being shopped around? Obviously the final horseman of the apocalypse. Forget strategic divestitures — this is clearly the corporate equivalent of boarding up the windows before the tornado hits.
But hey, don’t let boring things like financial reports, market cap, or actual cash flow get in the way. The vibes are catastrophic, and that’s what really matters.
Anyway, I’ll be over here waiting for the next anonymous prophet to announce the exact date of the bankruptcy so I can mark my calendar.
@cy oh ok let’s hear what you have to say about say about these debts? If everything is running so smoothly why are there talks about selling of STAR and other assets?
@cp And if people know anything about finance, that is long term and short term debt and perfectly normal for a company the size of Fiserv. But go on not knowing sh-t about anything.
@cp oh boy! yet Toddy boy signed off on huge capital allocations to these AI slop projects and to hire the Crème de la crème talent. Was he high on his high Toddy? Can we have someone with a little spine?
@an actually more than 20 billion
According to Fiserv's latest financial reports the company's total debt is $29.30 Billion USD. A company’s total debt is the sum of all current and non-current debts. https://companiesmarketcap.com/fiserv/total-debt/
Lyons was just the fall guy for FrankServ. He isn’t to blame for the issues he inherited. He was the one that took off the noose with flexibility
@OP The former CEO and current CHRO are to blame along with a list of people from the near past. They pick people based on how many cr*cks they licked. We in trouble. I bet we are all doomed and our office will be hit first here in The Phretta.
@ak I know, right? Where’s the growth? Where the performance? I would rate them both below average. Do these people have any performance reviews like the rest of us? What a joke.
@a8 unfortunately, you may be right. This is beyond saving. Someone here said Fiserv is in $20B in debt. I’m not sure if that’s accurate. even if it was, with that considerable debt, slowing cash flow, and nothing new coming in, we may be headed towards bankruptcy. I see nothing but de-conversions left-right each day. Thanks DS for making the clients leave a record pace.
Seriously, what TF does Ricky Songboy actually do for a living?
Clearly the company is failing. These executives are leaving because they see the writing on the wall not because they are being pushed. The company is trying to sell off key assets with STAR and God only knows what other divisions they are in talks to sell. This is way more than just replacing one person. I foresee bankruptcy in Fiserv’s future.
@a6 , let’s start with the ones who were hired by her and friends. They all share the same qualities as her that look good on paper/linkedIn but are absolutely clueless.
Kick back and enjoy the chaos. Expect massive layoffs and building closures as FiFail fails fast. 🍿
They are all clueless.
I just want my check until they lay me off.