Will the earnings call impact layoffs? Meaning do they wait until after to take action to hide those numbers?
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Fiserv continues to plummet even in up markets. How bad is the earnings call going to be
At one point leaders in 1 division literally had 50 direct reports per leader. It was a comical approach. But is that now being expanded
Leases don't matter Tampa had a new lease and they closed us down. And you are correct about layoffs - they cant layoff as easily as many think on here. They need 'most' of the people they have. This is the reason they are now going after things like 401K match and Stock Discount Program. They want to close and consolidate sites but they are terrible at it.
I have come to the conclusion that JY is a mo–n
I don’t think small layoffs get you to that fat synergy target in time. The director level is next on the chopping block along with full site shutdowns. Sites without long term leases should be concerned
The virus only started impacting revenue at the end of March. First quarter earnings should be relatively stable or flat at worst. Droppings benefits will be part of the talking points for how they are saving money in future quarters. Lay-offs with neither stop nor accelerate; the goal is to lay off small numbers on a perpetual basis until the target is reached.
Addressing the debt load sounds very ominous. There are only so many levers.
The earning call will show the high debt load the company has, and they will show they are addressing it. My guess is that the private jet stay's, and the rating on Fiserv stock is "Overrated" today. JY bought options to make sure the stock doesn't drop under 15$ a share. They just dropped the 401K match and ESPP stock discount purchase. It will be interesting to see how much the stock is going to drop after the call.