Accounting, Finance and Billing were told today to relocate to one of six key locations or be terminated.
15 replies (most recent on top)
Sure nice to learn about this from a press release. The office I have been forced to go back to isn’t on the list of 6. Frustrating to no longer have any stability or trust from the company I’ve given so many years to. Sad.
So that’s how they are getting away with no severance. They are sneaky ba----ds. This will be a huge earnings spike over the next 12 months, stock will spike and Frank will cash out. Then the thing implodes.
Alpharetta is a great location but unless you’re making 6 figures plus it’s gotten really expensive for real estate.
@1wgk+1dyA1Zux: "You are not due any severance unless you train for 6 months you replacement."
This is inaccurate. Not everyone will be asked to stay for exactly 6 months. Some folks will be here for 3 months or possibly longer than 6 months to help with transition activities. At the end of the agreed-upon term, they will get severance. Other people won't be invited (not needed) to help with cross-training or transitional tasks, and they too, will get severance.
Resigning is a different ball game, and I agree with you that a straight-up "I'm outta here" entitles you to nothing.
I agree with you that as well.
@lwp+1dyA1Zux You are not due any severance unless you train for 6 months you replacement. Not sure what you were told but if you resign, you get nothing and lose your vacation as well.
Are they asking these teams to go to NJ?
"Adding 2000 jobs".... after laying off 4000 employees. LOL
here is the article detailing the go forward locations...
By Teddy Nykiel, reporter Milwaukie Business Journal
Oct 8th, 2021 11:30 AM EDT
As part of a new location strategy, financial company Fiserv Inc. is consolidating its U.S. offices and focusing operations in Wisconsin, New Jersey, Georgia, Nebraska, Florida and New York.
The company's headquarters will remain in Brookfield, Wisconsin, which it considers one of its strategic locations, according to Ann Cave, a Fiserv VP of external communications. The other locations are Coral Springs; Berkeley Heights, New Jersey; Alpharetta, Georgia; Omaha, Nebraska and New York City, Cave said.
Fiserv (Nasdaq:FISV) announced it will add 2,000 jobs in New Jersey by establishing a new Berkeley Heights for technology and product research. The $105.6 million project will receive $109.2 million in tax incentives over seven years from the New Jersey Economic Development Authority (NJEDA), according to a NJEDA memo.
Fiserv began evaluating its national real estate footprint after its $22 billion acquisition of First Data Corp. in 2019, according to the memo. The company has closed or is in the process of closing around 100 U.S. offices as part of this initiative, the memo said.
Fiserv Inc. is looking to concentrate its presence in approximately seven cities or 'hubs' across the U.S., the memo stated. "Accordingly, Fiserv Solutions will be evaluating its remaining locations to determine whether it is most appropriate to consolidate, expand or exit a given geography."
I've tried to tell people numerous times that this was happening - instead I get complete dolts demanding "Where's your proof?" _sighs_
which office was told this? where are they to relocate?
Yep you’re being asked to leave. An offer of relocating is a request to resign nicely. Take it and don’t look back
Start looking for another job.
If you're unwilling or unable to relocate to one of the "HUB" destinations, take your severance and leave for bluer skies. You are due a severance package.
relocate or gtfo*
Which six?