Wish I could do all "Not Agree" or "Strongly Disagree" on annual survey. There is no motivation to continue with this firm - it is not integration but dis-integration of original firm.
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Well said and most comments are spot on here as well. If you can get a severance, take it!
I went through this same exercise a year ago. I was told I had to switch jobs and that they would help me find something, but nothing was done to help and I was then asked, why i was not applying for jobs. I ended up waiting them out for three months and opted to take a severance instead of taking another job at Fiserv. Best decision I have made as the Fiserv of even a year ago pre-merger, was not the same company I had worked for the previous 10 years.
@1207v7pg-yppw there is no loyalty or placement. The onus is on the associate to see if there is something else that fits, and then run the gauntlet of interviews.
Plus most of those jobs are fake anyway - reqs are on hold. FB needs to personally approve any additional spend. You heard that right, it goes up to him.
This whole merger thing is a financial exercise that has the side effect of screwing FISV associates and morale. But the shareholders will be happy.
The "Office of Mobility" is just links to posted jobs. No one is helping those laid off find other jobs within the company.
I really do not understand how the company can be laying off good performers yet posting new job listings. Don't they at least try to place people in other open roles? I understand if they are trimming unproductive staff and I know all about the stank ranking that they do. It still seems so wrong to layoff without trying to reposition employees.
There has to be more layoffs in December. To get to their targets without triggering WARN they need a constant stream of under 500 each 30 days. No slowdown over Christmas and then picking up in January possible.
Not all leaders are done yet. Maybe SVP and up are done, but rumor is a few more cuts will still be made at VP or Director level to hit Q4 cost cutting targets. More individual contributors too. Heard this from someone out of Brookfield involved with integration.
Leadership reorganization appear to be done but team resources are not getting communicated where they might land. Sign of lay-off, sign of outsourcing, or just bad planning???
amen
You are surprised by the immorality of First Data execs? Have you looked at their backgrounds?
This survey was a farse. It didn’t ask the important questions. Morale is low. All the value gained from the acquisition of FD will be lost because of the long term cultural damage being done by miopic leaders hiding behind language like “synergies” which is the new word for lay-off. Secretly letting people go without telling anyone doesn’t make it better it makes it worse. They are required to file layoffs under the WARN act if 500 or more employee jobs are cut during any 30-day period but they are purposefully staying under that number to avoid announcements. This is legal but it is immoral, and not at all compassionate. We’ve been told there will be a new org chart “next week” for the past two months. What exactly were they doing during the six months of all the “integration planning”? Did they forget to make an org chart?
Welcome to First Data.!?