Thread regarding Fiserv Inc. layoffs

A bunch of id–ts in Card Services who can barely write a proper email...everyone thinks their smart...

Loyalty is not something that the new "First Fiserv" cares about.

My lay-off was 3 years short of retirement. I’m much longer than 3 years out now. Fiserv 100% goes after older workers, even ones with successful productive teams. While I still feel fortunate and healthy it was still a big kick in the nuts

Being laid off 2 months before retirement is a gift. Instead of working until your retirement date and leaving with a cake. You get all that pay as severance plus four months you weren't going to work anyway with the benefit that you didn't have to spend that time at work. The only real downside is that you don't get the cake.

We coined a term for this at our location named for a coworker this happened to back in 08-09 time frame. He was really bitter about it just like you. It took several months before he realized how beneficial it was to him.

This lead to another of my coworkers who was ready to retire was begging to be laid off for the same benefit. It true Fiserv fashion they let him down by allowing him to retire normally.

Sorry you got the full Fiserv experience where they showed you exactly how much they cared about your contributions.

"They ignore employee's who have compromised security, can older employee's and lay off non-whites."

Not sure what decade you live in but being white isn't helpful in the diversity-worshiping corporate cult.

What does it say about a company who will can an employee (or employee's for that matter) who is 2 months away from retirement after 3 decades with the company. Who in their right mind would do business with them? They ignore employee's who have compromised security, can older employee's and lay off non-whites. I'd be really hard pressed to let them handle my banking needs.

240M a year? Never happen.

Here you go. This is likely what you'll hear http://www.andrewdavidson.com/gibberish/?companyname=Fiserv

They ONLY CARE about the shareholders!!!!!!!!!!

Needless to see, we’ll have to wait and see the actual impact, hoping for the best for this talented employee team

Good news for shareholders, maybe not so much for associates.

These people are dumb–ses who want "proof". There you got proof, although really all you need is 1/2 brain to see what is going on in the company. There is zero need to make stuff up.

https://seekingalpha.com/news/3550473-fiserv-boosts-synergy-targets-postpones-investor-conference

Where were these numbers posted? Publically?

Gotta love terms such as "run rate synergies". Up there with "right-sizing" and "consumer-directed health plan".