Thread regarding Fidelity National Information Services Inc. layoffs

True
9/3 directors gone

@14e This is really bad comment. At least in my office those are just great. I don’t mean management obviously 🙄

@14e So they cuts really already happened? Will any of these be notified to broader teams?

The cuts are mainly in management, with some trimming of unprofitable products at the individual contributor level. Shared functions like HR, recruitment, and IT support are being hit hard — not like they were doing anything useful anyway.

@zk cool cheers. I hope they have notified people already. I’m not sure what they gain by getting rid of people who go to the office as I thought they wanted people in the office.

@zk people already got meetings in about that? Is that US only or Global?

@zh no, the meeting was supposedly sent out to those who regularly attend the office.

@z8 and I assume this is tomorrows date. Not September.

@z8 are they closing offices? If not what’s the reason for it? I appreciate you may not know

@yz apparently its for those who go into the office

When they forced Gary out to get Stephanie, the writing was on the wall. Future Forward was always about cost cutting. They just tried to use different words like modernizing to get rid of some of the products and cut costs. Upper management, especially in some divisions like platforms, is all about who you are friends with not what you actually know. FCM has always been along for the ride with IC. It is a dead product in a shrinking market. But Bobby Forrest will never let it die, so they constantly have to modernize it so the funding keeps coming. No one actually looks at the true cost to know it is not something you want to heavily invest in. Then you try to offshore your way to success. But with what they pay in India, you get kids out of college with no experience or people no one else would hire. Stephanie has no one to blame but herself and lack of leadership. Unfortunately all the peons are the ones that pay the price, not the upper management that causes the issues.

FIS is doom looping.

@vn that is awesome, at first they said they would hire people in India and in other „low cost” locations and now they layoff a bunch of people and dont even hire anyone in their place? That su-ks double.

@vn I’ve also heard the hiring freeze rumor

I heard from my director that the hiring freeze will take a place until January 2026

This is so true!

https://www.thelayoff.com/post/@cq+1jyp65dpw

The company is spiraling down
Internal disfunction, mckinsey overspending and cuts trash morale, employee output, customer satisfaction and sales, which gets lower revenue and stock price.
This brings an overreaction for more cuts and mckinsey spending. Repeat

FIS is a sh-t company. Leave on your terms and save your mental and physical health.

@k3 it’s not necessarily FCM, it’s ImageCentre that is moving to the browser (ICB - ImageCentre Browser). FCM just happens to fall under the IC umbrella so that team is forced to go along for the ride and try to push clients on to a platform that’s not even 100% fully functioning. So I get where your frustration is coming from, but again, it’s not FCM driving it.

Hope they gut the FCM team. They have a perfectly fine desktop app and instead of modernizing they jump on the browser bullsh-t and now trying to force clients to switch to something that wasn't ment to handle the load. So many client have left to competitors and what do they do? Let's turn off features in the desktop app to get clients to switch to browser and bleed more.

@OP Great information, thank you for providing. I am wondering who from my line will fall.

@dw Same here. Local management is a luxury FIS no longer wants to pay for. Over time more and more employees will start to find themselves with a manager in another country - great cost saving.

Company is literally bringing scammers into the company, not doing proper vetting allowing offshore AI Fraudulent Hires continuously into the company. Now they're doing offshore management to try to brainwash preparing for the next stage of their Indian bombardment, no cares if they are frauds, scammers, putting data, clients at risk or anything else. We have continuously caught these people being flooded into the hiring process using false resumes, false credentials, AI Interview programs cheating their way into this company and some management have cluelessly allowed into the system siphoning data, and draining the life blood of actual good talented people on our teams. This company is the epitome of what is wrong with enterprise. Nearly every company with these issues have 2 things in common, Vanguard & Blackrock. Get out while you can.

@ds my onshore manager now reports to an offshore manager who reports to onshore.

This is in product dev side

I also remember hearing something about offshore managers for onshore teams. Are we going to see that soon?

McKinsey is ruining this company. All the profits are going to them at the expense of people that have worked here for decades! Do those people a favor and give them a severance so they can get on with their lives instead f wondering what the next layoff will bring

We were just informed we've had funding cut from our projects and were forced to layoff contractors. I assume the cost cutting initiatives are in overdrive. I expect many more layoffs over the next quarter.

Leadership is clueless. Ferris lied to our faces about future forward not being a cost cutting initiative.

The whole idea is to get the bulk of layoffs done with before the holidays so yearcend numbers look good.

What portfolio/teams will this affect?

Good, get them out of there....nothing but a bunch of worthless middle management and antiquated id--ts working for this company that don't know their A$$ from a hole in the ground, how to lead or do anything else. Consolidate, then get Ferris out of the way so the rest of us can do our jobs.

@a5 If only the cost of McKinsey was $2m. It far exceeds $2m per MONTH!

@a5 Any knowledge if the director layoffs are going to be company-wide or just a particular division?

The date is accelerated to 9/3 this is the new notification date for RIFs as Stephanie wants high costs out targets are director level and above this is being badged as healthy org initiative. My mouthy SVP was in the meeting with Stephanie last week this is what was relayed, she was fuming about stock plummeting gave her directs and their directs a hard time that operating expense is down to them they caused the plummet obviously no mention of her heavy comp package or her imbecile leadership team - no! Her $2m spends with McKinsey consultants - bleeding the company!