My boss has let me in on the upcoming major reorg. It’s an understatement to say it’s completely transformational. The last parts of OFS will be officially gone. Think 15%-20% reduction in force. Big salaries with small staffs will be completely eliminated and much more work will move offshore. HQ to NYC
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Pro First Data
You hate Drew and whoever else have been tools and hurting the company for years, but you also hate the FirstData leadership that apparently agree with you and got rid of them? You guys need to pick a lane.
I had never looked at warn notices before but it is quite interesting.https://jfs.ohio.gov/warn/current.stm
It’s been the same way for years. A crew comes in, brings their buddies in, fires long term staff and completely disrupts productivity. They stay a few years and they all bank millions, then they move on. And the process repeats. Ask any long term employee
How soon until drew and Jason crawl back under that rock they came from. That’s a hostile work environment lawsuit waiting to happen
This reorg is going to be bigger than advertised. And it needs to happen well before Christmas so it’s not a bad look for fiserv
Cheers to what??? That jackass ruined too many lives. Don’t let the door hit you in the a– on the way out. And take drew with you
Cheers to all the careers Tom wrecked in his failed tenure. In the end, some justice
Based on what’s happening this thread seems to be spot on with its original prediction
Another domino falls today with a OFS group President leaving the company. His protected stooges are sure to follow
Karma is a b–ch
OK - All the OFS people should just give up and get out of Dodge City. I left a year ago and been content ever since. The FData people here are arrogant and name calling, thinking they can turn a train wreck (which it is not) into the City of Oz. Well, FServ is gone, dead and not buried yet but it will be. Stop the complaints - First Data has won and sadly so. Last one out the door remember to turn off the free coffee machines.
The OFS leaders that are left aren’t leaders. It’s the over promoted that can find similar roles outside of fiserv because they aren’t qualified. The upcoming reorg sweeps them away
Sounds like that security software is everywhere. I am unable to run our own software because it is being blocked. I find it demoralizing when I cannot even start to help clients. "I'm sorry. I can't help you. Fiserv won't let me run Fiserv's software." That's going to go over well. Maybe they will bring it up on the satisfaction surveys.
Yeah, a reorg is probably the only way to move forward. The OFD “leadership” in FTS along with the new Cyber team ruined all BU relationships by shtting on everyone’s maintenance windows and shoving several “tools” and “remediations” down their throat with no regard to outages, validation, or impact to the environments. Watch how much it matters that we have shiny new tools when there are no clients left. The worse part is, the OFS leaders that are still left are so scared for their own as they bend and bow to whatever terrible ideas roll down hill like a stinky brown snowball of c-ap. Chooo choooo.. here comes the inevitable train.
35 %
HR shill says no layoffs...that means its going to be a blood bath. Its like Trump in January playing down the coronavirus to avoid a panic. HR should just tell the truth and give people a chance to find other jobs to avoid an income disruption but that would benefit the employee and people may leave things unfinished at fiserv.
30%?
There is no reduction planned of 15-20% another lie!!!!!
isn't a reorg like this a no brainer? The legacy OFS BU structure is impeding the company's ability to full revenue and cost synergies potential. I feel bad about people losing their jobs but it long overdue.
No, you OFS tool
@OP+17fkf7Ha - were you and your boss impacted by this upcoming reorg?
The most lucrative severances were in 2019 and aren’t coming back. Now it’s bare bones
Severance?
Quite possible given cutbacks now attributed to Covid. Disney is cutting, the airlines are cutting, cruise industry shattered so every logical indicator points to an opportinity to gut old OFS out of the system and not look evil about it. I would tend to believe the rumor.
Yeah, major re-orgs will still happen as they are putting the final touches on the merger, and they have not met that huge synergy value yet as well. I would guess a 15% reduction, and more consolidation of jobs.
Not the exact same, but I heard something very similar, I think it’s coming
Just file it away and check back when it happens
Go with your first gut instinct
50% of me thinks this is a troll post but the other 50% believes it is possible.