Thread regarding Fiserv Inc. layoffs

It's not always better just because it's not Fiserv

I can tell you from personal experience that the grass is not always greener on the other side. I worked for another toxic company before Fiserv and in my rush to quit I accepted the first job that came with slightly better pay and what I thought was better culture. Now here I am, in a worse situation than I could have even imagined six years ago. I know a lot of you want to leave ASAP, but please be careful. Make sure you know you're landing in a better position or you might end up regretting leaving, even if you don't believe it's possible at this point.

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Post ID: @OP+1fqCSp82

8 replies (most recent on top)

It really all depends upon economic reality.

I was able to find a much better job (15% raise) when Fiserv let me go in 2020.

However, I spent 15 years on Big Pharma, working for a wonderful company with Cadillac benefits. When they outsourced their I.T., I had to take what I could get. I ended up working for a firm that I (and everyone else in my sector) tried to avoid for the past 20 years due to high turnover and bad reputation. I made it thru 8 horrible months there before I found something better.

Bottom line. You gotta eat. Do what you have to do.

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Post ID: @2wkf+1fqCSp82

Clover perks have been gutted. Everyone left is waiting fora greencard.

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Post ID: @1xbt+1fqCSp82

I think a person's experience working for Fiserv depends somewhat upon the BU they're in, and also their manager. Some BUs are better than others, and some managers really go to bat for their employees and try to shield them from a lot of the policies being imposed by upper management (as much as they can). Of course, certain things like suspending 401(k) matching and forcing people to move or quit are company-wide concerns. But imagine working for Clover - they're the poster child of innovation from upper management's perspective, and being located in Silicon Valley, I'd imagine they continue to enjoy access to many perks which other BUs do not in order to remain competitive in local hiring there (e.g., unlimited PTO, better health insurance options, some flexibility for remote work, etc.). That being said, Clover is an exception to the rule, and most other BUs just get treated like garbage.

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Post ID: @igy+1fqCSp82

So you just decided to stop looking for six years? Seems like a strange choice.

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Post ID: @alu+1fqCSp82

Actually, I think this was posted some months ago. Same text. It is better elsewhere.

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Post ID: @ppa+1fqCSp82

Some of us are well aware of this, but have no choice but to look elsewhere because we don’t want to relocate. So, in my case (and many others), I am praying there is greener grass out there, even if it’s just a small patch!

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Post ID: @dbq+1fqCSp82

On the flip side...

I left for a larger competitor - pay was about the same. But no toxic management and no yearly RIF. Health care is cheaper. They didnt take away my 401K contributions.

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Post ID: @zjv+1fqCSp82

Wise words. Sometimes staying and helping make positive change is better than leaving for unknown territory.

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Post ID: @omb+1fqCSp82

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