Thread regarding Fiserv Inc. layoffs

This is an uniformed post.

My layoff specifically mentioned COVID. Yet Federal law forced the company to list the ages of those let go. Which told a far different story.

If not one layoff was due to the pandemic, why was it explicitly mentioned in my exit papers as the reason for the terminations?

For example to debunk your first claim I can link you to the warn notice https://jfs.ohio.gov/warn/pdf/FiservDublin.stm

It says "Specifically, there are 79 employees currently affected at this employment site. The first separation from employment is expected to occur on September 4, 2020 impacting 78 employees. The second separation from employment is expected to occur on September 18, 2020, impacting 1 employee. We expect the separations to be permanent. There is no union representative, and there are no bumping rights."

"myths debunked" you just stated stuff, you didn't debunk anything. Please provide references.

I think it is bull cr-p that first data got bonuses and original Fiserv didn’t. Great job creating a divide.

It looks like things are going well Keep it up fiserv. $115 one day?

Explain Dublin then, Champ. The WARN Act notice is still public record.

FACT BYOD is a way of tracking your physical location and everything you do on your phone. This will be used to ensure you are at your designated work location and not, for example, your daughter's field hockey game.

FACT Fiserv is tracking individual's iP addresses and monitoring their online activity on sites like this. That is why my previous post warning people on this issue was removed.

FACT Fiserv's compensation is not keeping up with inflation while most business starting wage is $15/hr and proposed merit increases will be less than half the current inflation index.

FACT Fiserv is reporting solid quarterly results while they are reducing employee benefits.

Let's think critically about those medical premium increases. Fiserv uses a self-funded medical plan, that means Fiserv pays the cost of the medical services out of premiums it collects from employees and its own reserve fund. It has been widely reported that nearly every health insurance company saw significantly lower payouts last year due to the lock-downs and hesitation to visit medical facilitates. Most of these insurers are required to pay back some of the premiums they collected as part of obamacare. Fiserv however, being self managed, decided to increase premiums for most employee's and start a rainy day fund?

Wow passing miss information are we HR? Frank said there was an attrition problem at the last all hands. Why would you have to let people go when attrition is a problem?! Good job with that word smithing. Your bonus payouts were mainly the First data side of the company, which was established prior to the merger, which is a bias payout. Medical premiums were raised for 30,000+ employees, which was a cost shifting. Apparently you still arent listening to the things employees don't like.

Explain than .... the double digit drop in the stock price ? Large investors are watching and reading the nonsense posted in sites all over the cyber sphere.

No new products
Outages piling up by the day
Poorly educated management who are too slow to adapt

Need I continue ?

No layoff due to pandemic? Are you kidding? There was one around May (or June?) 2020. My department was impacted. We lost some people.

Stop funneling tons of money into affirmative action programs
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Helping underrepresented employees is your first complaint? You seem nice.

Listen up HR. If the company is so great, then...

• Stop funneling tons of money into affirmative action programs.
• Stop hiring "Enterprise Agile Coaches" to push outdated methodologies.
• Stop buying fake Fortune awards and rubbing it in our faces.
• Stop enlisting your own associates to push Clover.
• Stop paying NASCAR big fat chunks of money to advertise products.
• Stop tampering with our 401K.

Is my merit increase being backdated? Will it take into account my health care cost going up? When is my 401k matching coming back? Will that be backdated? I didnt get a bonus so what do I care if some did?