OK, I would say HR, because they never did anything for me, and I doubt they brought much good to the company either. I may be wrong, but those are my two cents.
However, there are so many other useless roles, that I sometimes wonder what these people do at all. These are almost like some fictional roles that no one needs. I’ve never heard of anyone with such a useless role getting laid off at Fiserv.
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I think the most useless roles are the ones responsible for those ridiculous, nonsensical goals to be set in performance review.
Trying to translate them to my job responsibilities, and having my performance graded by managers who had very little knowledge of what my job entailed, was (like Lou Reed said about life, itself) was "like Sanskrit read to a pony".
And people were rated, fired, hailed and critiqued based upon these goals, which were no more than word salads.
The son-in-law of the CEO is a director with no reports.
@4ege+1a8cjeKr the only thing FB invested in was his pockets, he did a 2billion stock buyback in 2021 and took from the Associates benfits to fund advertising, like the sponsoring a Nascar. Neither of them are really investing in the company's assets or the people.
Where is that 15% ESPP, decent 401K match, reinvestment in employees education, trust in employees to do their job or decent medical like other companies of this size?
Transarmor
Your kidding right. Yapuke didn’t invest a nickel just did stock buy backs that’s what Frank and team are cleaning up - and why jeffy no longer here!
Just remember that HR exist to protect Fiserv and the stock price.
They dont protect the employees ever!!!!!
First Data didn’t save Fiserv, First Data was in the red in 2012 and just started getting profitable in 2016. After the Fiserv merger, investor confidence went down and the financial analysis showed EPS is half of what it was prior to 2018. Doing the merger helped pay off the debts of First Data, and reduced the profitability of Fiserv as a whole. The consolidated net income of Fiserv in 2018 and 2017 was far better under Yabuki’s watch, thank FB for the past 2 ½ years. We are hitting the 3 year mark in August. Maybe we will see some huge EPS gains, and the stock will shoot to $200.
Investor confidence doesn’t seem to be there right now with the Fiserv stock under FB, because the number of people with short interest is the highest it has been. Also, the Fiserv stock has outperformed the index prior to 2019 merger. Also, why didn’t Fiserv see it usual spike in bullish volume in March as financials spiked just like prior years and why has its performance been under the S&P 500 index when prior years it was 15% above? Most of the stocks in the $XLK went up? Oh and bonus, associates are p-ss-d about the stripped-down benefits, and sh–ty management.
So far the FB Team has showed they are more interested in taking from the 40K employees through benefits and perks that were once offered. He looks after his own interests above the people of the company, and I bet that is why Yabuki used his parachute to bail on the company. He saw the cut-throat ways of FB and he didn't want to have anything to do with it.
Note the stock performance of First Data was sh– in comparison to Fiserv during the same periods of time. First data went up only $30 and Fiserv went up from $45 to $120 and split twice in the same period of time. Now Fiserv is showing the same performance as First Data with FB.
https://www.marketbeat.com/stocks/NYSE/FDC/financials/
https://www.marketbeat.com/stocks/NASDAQ/FISV/financials/
Right on
You can believe that fantasy if you’d like. OFD saved a 50yr old company that was two times the size of OFSV. FJB and team succeeded when 5 CEO’s before him got canned just like your guy. 20,000 peoples livelihoods saved and a reverse merger (just like JPM and Bank One). $80B market created and OFD CEO not even in the chair for a year! Those are the facts! Painful right?
Yabukeeee bailed out the $17 Billion in the red First Data with the bad rep in the financial space! Yabuke saw the mess that FD was creating at Fiserv, and parachuted the hell out of this place. That has to tell you the type of people that run the company now, i guess? What do you think ?
Managers and Directors with no direct reports and responsibilities
The most useless roles right now are the "NEW" First Data senior leadership. They can't seem to grasp the concept of leadership vs micro-management. Fire the lot of them and bring in some solid leadership that can create a solid culture that helps the company and employees thrive.
Problem, change and deployment are as worthless as agile coaches. Remove these functions and invest in engineers and and QA. We’d be way ahead
Change, Problem and Deployment. All of these areas need to be optimized and automated. Invest in AI to do the work of dozens of staff.
Dude, what the heck is a flow wizard, some prostrate enabler
Why hate on the NLRB and Clover?
Actually I think the HR function is one of the best run, responsive orgs in the company...and I don’t work in HR.
Anyone OFS
The following roles should be laid off, and whoever came up with their fruity names should be fired on the spot:
- Flow wizard
- Product champion
- Team enabler
In addition, all "enterprise agile coach," "scrum master," and "release manager" role should be laid off as well. All local HR reps should be axed too.
ETG by a mile
ITSM and agile coaches
One Clover troll who lost his bogus NLRB case posting this garbage here on this site trying to advance an agenda of hate against the company.
I agree, anyone in development!
Anyone in development. If they were important then they would be replaced by a new hire.