Thread regarding Fiserv Inc. layoffs

It's all about control

Anyone else find it puzzling that big companies had record profits in 2021 while working from home and are now forcing employees back to the office "to be more productive?"
Maybe it's about control and not productivity.

A comment by Dan Price, the CEO who increased the minimum pay for his employees to $70,000 and then lowered his pay to the same amount. Can you imagine Frank doing something like that?

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Post ID: @OP+1fzPNdJY

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@yvi+1fzPNdJY - Mr. Squeri's comments are spot on ... for an organization that is dispersed geographically. Keep in mind that one of the chief initiatives here is to condense working locations to a select few. This drastically increases the chances that co-workers will be physically present in the same building, which means people don't have to zoom - they can physically meet in a conference room. Worst case, there'd be a conference call with three in one office, four in another, and so on. That is the objective - to remove the "I'd just be on a video conference, anyway" WFH argument point.

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Post ID: @bzo+1fzPNdJY

Not a Dan Price fan (spends more time on his image than is company for one), yes he takes that as salary but as Frank and Jeff gave their 1m dollar salary to Covid relief in 2020 Dan gets paid back in sweet stock options.

Dead on about the command and control aspect of RTO, in our case just to have MS TEAM calls is a waste. btw are you all hearing what I am filling NJ is not going well for the Columbus crew.

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Post ID: @sdm+1fzPNdJY

https://www.businessinsider.com/amex-ceo-steve-squeri-return-office-hybrid-working-zoom-calls-2022-2

The way it should be

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Post ID: @yvi+1fzPNdJY

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