Thread regarding Fiserv Inc. layoffs

Endless Cycles

The endless cycle of hiring spree followed by layoff lottery (wherein it isn't really a process of ditching deadwood, but mostly about settling scores, protecting the good ol' boys, and ditching the newbies who haven't quite learned how to play the right games). I've seen it go on for years here.

Next up, let's talk about how we went from industry standard time accounting to outright spyware on the laptops. Let's talk about how they preach long and loud about work-life balance but if you work-from-home, you're practically marked as layoff bait.

Oh the uppers cut their salaries? Bet they didn't cut their bonuses, stocks options, their quiet golden parachutes which are slowly vesting in the background... it's easy for a multi-millionaire to give up his walking-around money for show, kiddo.

Oh, the essential workers got a salary bump? Sure, a small group of people did - and I bet FISV will hire like mad to bolster that group of employees just so that they can quietly target and layoff the ones who got the bump two years from now. I know this because I'VE SEEN THEM DO IT BEFORE.

I lost a lot of good coworkers, and was forced to tell three of my reports that they were laid off - just so that Frank and Jeff could tongue-polish each others' genitalia at the earnings call.

I'm done here. I'm f—ing done here.

The only thing now that keeps me from telling the entire management chain (and groveling lickspittles like you) to go f— themselves is the COVID crisis. Even then, I've gotten a lot of positive responses from recruiters around here, and oddly enough, WFH is actually perfectly okay with them, COVID or no COVID.)

I should have left way back when they sang that "One Fiserv" gospel while forming up layoff lists at the same damned time.

Originally posted by @sao+14RQewXO

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Post ID: @OP+14XkeLxd

10 replies (most recent on top)

New CEO in this case will do to Fiserv what he did to First Data, kid. Enjoy watching Fiserv become FD, get buried in debt and the company go down the same chute as FD. Not everyone looks forward to the biennial anxiety train as the layoff treadmill spools up, or in being paid substandard salaries while losing benefits, because "synergy".

I left that s—hole long ago. I now make 150% of the money I ever made at Fiserv, with annual stock options (albeit RSUs) AND a bonus that's often big enough to buy half a new pickup truck each year if I felt like it. But sure, if you want to stay with Fiserv and do your thing? Okay. Enjoy your limited little world and wave that banner as hard as your little heart will let you.

I do get a kick out of reading these posts, though. Rather entertaining in their own way, yours most of all. I mean, watching you white knight for an obvious s—bag means you're either being ordered to, or you genuinely enjoy licking boots like that. Some people enjoy being corporate toadies, I guess.

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Post ID: @5rjs+14XkeLxd

No one is going to tear Frank or any other executive anything. These are just rantings of a person who is scared of change. New CEO brings change and many of the people on here are scared that change will leave them behind. It is sad but you know what they say, if nothing ever changed...

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Post ID: @4lxf+14XkeLxd

I was the one who reposted this.

Why? Excellent posts should not be buried under all that inane drivel from the OFD toadies and I really hope whoever that is decides to tear Frank and his new enterprise an entire new a–hole from the inside. Bet he is not alone.

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Post ID: @4axv+14XkeLxd

@3awq+14XkeLxd Glad that you finally realized you were contributing nothing. Now maybe you can stay off this forum

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Post ID: @3xfx+14XkeLxd

Dude you need to chill out, you're going to give yourself a heart attack. We are all frustrated but its insanely annoying to have one person who won't shut up but has nothing to say. You are that guy, guy. friendly advice, get some real help.

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Post ID: @3awq+14XkeLxd

What is the point of reposting the same thing over and over? A lot of people are frustrated but please share when you have an original thought.

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Post ID: @2kqy+14XkeLxd

please don’t leave at this point I get 30 calls for 1 job opening. Other days no calls.
Fiserv laying off people at wrong time and playing with their life.
The technology at fiserv is behind so please use the time and gain more knowledge before leaving

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Post ID: @1ahw+14XkeLxd

Bravo!!!

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Post ID: @1pqu+14XkeLxd

wow, legendary rambling! Great job!

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Post ID: @cvh+14XkeLxd

Been with Fiserv OVER 25 years now myself & could not agree more with you!

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Post ID: @hqw+14XkeLxd

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