Thread regarding Fiserv Inc. layoffs

2 or 3 people are now doing what one person used to do.

We keep hearing that the older employees are driven away from the company, either by making their life at the company a living he-l ,or via layoffs, because the company considers them expensive. They hire new people in the hope that they will take care of the work and tasks, but what I'm seeing in everyday life is much different.
I see now the situation where 2 or even 3 new hires are doing the work that one long time employee used to do. Simply put these numbers on paper and the conclusion will come that this is a more expensive solution. I just can’t believe that the leadership is not aware of that, or they just don’t want to be.

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Post ID: @OP+1gTztc7h

8 replies (most recent on top)

Frank won’t be happy until 1 is doing the work of 10. He was a plantation owner in his past life

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Post ID: @9nyt+1gTztc7h

If that is the case, the company doesn't expect to be putting much money into that division of the company.

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Post ID: @6whx+1gTztc7h

New hires are doing the work? Not in my area! We are down around 30 employees from 2 years ago and hired 2 new people in that time.

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Post ID: @2nsf+1gTztc7h

I was tossed into a situation where I had to take over for two Fiserv employees, each with 20+ years in the position. One retired and the other moved to another role and basically disappeared.

At that point, I had more and more responsibilities dumped on my plate. All the while , trying to dig myself out of the knowledge transfer divide. And I took a $10k pay cut (shorter commute) to take on this role.

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Post ID: @2xia+1gTztc7h

This is exactly right . They hire PM and managers that report your work. And tell you what to do but don’t have a clue. But take all the credit. The customers are going to suffer as staff leaves

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Post ID: @2jmy+1gTztc7h

That would be like laying off the IT staff. Then paying the wages of the IT staff plus profit for the contracting company.

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Post ID: @1spu+1gTztc7h

I do everyone’s work. No one knows how to work anymore. It’s just “oh ask anon he knows how to do that”

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Post ID: @1sqk+1gTztc7h

Sounds nice.

Where I'm at, 1 person does the work and 2-3 people report about that persons work as if it is their own

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Post ID: @1mie+1gTztc7h

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