Thread regarding Fiserv Inc. layoffs

Cutting hard-working employees while leaving the fat unaffected

I think it's ridiculous that people are getting let go left and right while we have managers with only two or three direct reports who barely do anything all day but are never affected when it comes to cuts. The company keeps getting rid of hard-working employees who do most of the work and keeps people who are the definition of useless fat. Can anybody explain the logic behind this to me, please? I can't find any.

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Post ID: @OP+1dnDe9JT

11 replies (most recent on top)

friends of frank and his gang remain ... everyone else is useless.

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Post ID: @1hxt+1dnDe9JT

"Everybody rants here about Fiserv cuts. Do a search for First Data layoffs and you find - no surprise - NOTHING".
That's completely wrong. First Data under Frank cut, consolidated, merged, synthesized, standardized, outsourced and laid off staff for YEARS before the merger.

If its any consolation, once the layoffs slowed to a few individuals each week, HR were then told to fire themselves.

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Post ID: @soh+1dnDe9JT

Nothing: https://www.thelayoff.com/first-data

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Post ID: @rht+1dnDe9JT

"Everybody rants here about Fiserv cuts. Do a search for First Data layoffs and you find - no surprise - NOTHING".

So I may be reading this wrong BUT if you are saying Fiserv lays off but First Data did not you have absolutely no clue what you are talking about. Many of us were laid off by First Data and thats how we ended up at Fiserv to begin with and now we are going through this same bu-----p all over again.... Both companies are known for layoffs. First Data is worse though.

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Post ID: @uty+1dnDe9JT

Last Data loves shoving broken processes down our throats ,backed by incompetent auditors

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Post ID: @rxp+1dnDe9JT

Everybody rants here about Fiserv cuts. Do a search for First Data layoffs and you find - no surprise - NOTHING.

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Post ID: @umh+1dnDe9JT

One our directors in Alpharetta is a complete d-mba$$ with his goals , metric is completely out of touch, I'll tell him so when I see him in hall way

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Post ID: @udq+1dnDe9JT

Just like Office Space, for every worker, there are 10 managers/directors/vps. This is the typical corporate America toxic bs that's been spreading like wildfire in the past 40 years.

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Post ID: @ubz+1dnDe9JT

First Data was top heavy and now so is Fiserv. WAY too many VP's and Directors. I will NEVER understand why a Director has no direct reports... but in the new Fiserv, that is the norm. I know one in particular that does nothing. He makes a lot of money and has unlimited PTO to sit around and day trade. Its disgusting.

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Post ID: @qga+1dnDe9JT

Franks a total clown, i have no doubt this place will collapse in the coming years.

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Post ID: @wii+1dnDe9JT

Its straightforward:
The VPs have a bloated layer of directors under them to feed up reports and data.

The director layer spend their working life sitting in meetings and is unable and unwilling to create their own reports for the VP so they have a bean counter manager layer beneath them.

The bean counter managers spend their working life sitting in meetings to tell the director what the meeting is about and is unable and unwilling to create their own reports so they have a team lead or senior "work floor" staff under them.

When its time to implement cuts, the VP doesn't want to cut their directors in case they end up with more work. The director doesn't want to cut their managers in case they end up with more work. So the manager cuts the people who actually do the work because there no-one left to cut.

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Post ID: @iii+1dnDe9JT

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