This site has lost credibility as everything at Fiserv is paired in a negative lens but the vocal few…44,000 love the work they do and the colleagues they do it with—-they just don’t troll social media sites and spew negativity…over and out.
16 replies (most recent on top)
It ain't 44,000 no more kemosabe. Headcount is down at least 3K since Sept. For the record, there were about 26,000 US-based resources. Corp functions (paper pushing) and AP hit hardest.
The amount of employee's let go. Does Fisev still actually have 44,000 employees or are they including external contractors in the number now ?
Wow, 60 down votes. HR cheerleaders need to stop brown nosing.
Maybe this has something to do with the comments expressed here:
"Fiserv recorded $45 million in employee termination costs in the first nine months of 2021, compared with $105 million in the same period last year, according to the company's third-quarter earnings report. It recorded a total of $131 million in employee termination costs for all of 2020, up from $32 million in 2019."
From the Milwaukee Business Jorunal
I'm one of many leaders that received an exceeds or better rating that have left in the last few weeks. I'm bringing several people with me because the dissatisfaction level is high at the Director level and below. Fiserv/Frank believes they have all of the control and can manage whatever they want and people will just have to comply. That has never been true and is certainly a horrible assumption in this hot market.
Frank has brought a 1990's command and control micro management philosophy to Fiserv. Rather than being focused on what really matters, it's all about tracking what everyone is doing at every moment. People at the front lines working long hours resent that style as evidenced by the high attrition rates.
Fiserv WAS a great company. Up until JY cut the deal with FData. True it had some problems and as a contractor I was pretty mad about some policies, but true of every large company. I spent time in the IBM world and there dear CEO Ginny destroyed that place. But my entire team at Fiserv is gone, on their own time and found great new jobs by networking. Keep in touch with your good colleagues and it's all the faster to find a better place. If you plan to leave - and you should - prepare, plan and then run.
Imagine being in an HR role and needing to monitor this site, they know that morale is in the tank, but they have to drink the koolaide. Just remember the koolaide ki--s.
Believe it or not, people will comment here differently than they would on a FUEL article, because here they are allowed to communicate free of censorship and punishment. The silent majority is not excited about some corporate identity politics post or nascar advertisement.
the vocal few…44,000 love the work they do
math is hard. you forgot to subtract all the people who are in the process of resigning or being forcibly laid off. dummy.
"44000" people. Uh. They just laid off 2500 people and are laying off/releasing a ton more in the next few months.
That number seems inaccurate.
"Protest" has the older meaning of "insist (that something is true), vow," not "deny."
Your (mis)quote is correct. We do insist these things are true.
Aside from the fact that you'd be hard pressed to find a "rah rah" post about any of the thousands of companies discussed on this site (as that is not its purpose), you are misusing the phrase "Thou protesteth too much". That is used when a person's excessive protestations or claims lead others to question the genuineness of the original person's mindset/position.
I say this as someone who has never posted a thing with regards to the company and am making no claim about it now. I'm making a general observation.
Original Poster shows signs of sarcastic hilarity. Nobody can be that obtuse.
This thread reeks of OFD 'leadership' delusion
Frank... is that you?
You do realize this is a site about layoffs, right? Heck, if you want unicorns, kumyaya, daisies and rainbows, then you’re on the wrong website. If anyone is trolling, it’s you, @OP+1dHC5uqZ.