I'm still not sure if Fiserv doesn't want top talents because the company obviously has no vision for the future and the leadership is only managing the decline... Another option is that Fiserv wants talents, but now it's in no way able to attract and keep them (which I doubt )... In any case, it is unfortunate how many talents used to work here and now work at competitors.
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FIS sucks.
I am waiting for the house of card to fall. I am not sure my department can continue to operate give the latest wave of dismissals. Just coasting and waiting.
So glad I left this garbage company led by a garbage CEO months ago.
Oddly, they (actually a subsidiary) contacted me about a job in late April, but they seemed to have paused hiring since then.
I was there for 10 years and remember that Yabuki paid to have John's Creek datacenter built out, but the people that built it. Didn't really know how to build a high avability data center well or have a good maintenance plan for it. They never took the suggestions of outside consultants on how to fix things. The new OFD group doesn't seem to be any better on that front. They just came in with their cookie cutter methods, and ignored the advice of the people working on the equipment and all sorts of stuff started breaking. I'm not a Yabuki fan, but I have to admire that he was able to thread the needle between shareholders and employee's. The stock was always going up and splitting every couple of years. The stock discount made up for the lack of pay, and the environment to work in was decent. I got to travel to visit my team periodically in Alpharetta.
The new Fiserv seems like a giant pit of dispare and fear, with Frank as the author of it. I'm thinking he has never really run a tech company before and/or he is relying on a few clowns that don't have a clue what they are doing. The results of all this, customers are decomissioning but maybe this is what Frank wants? Maybe he wants to just focus on Clover. Maybe this is an opportunity for Q2 and FIS to scoop up the remaining clients.
Yabuki left the company decimated just in a different way —- having to invest in businesses and infrastructure that should of been invested in during his tenure.
Well after they were essentially acquired by OFD they fired most of the top Fiserv people and laid off a lot of the original Fiserv departments. My 1st 7 years there under Yabuki I really loved the company. Left the company cared. After he left, the entire company went downhill.
Decimation is a bit severe. More like vigintiation since it is around 5% per quarter.
So glad I left 6 months ago.
It is interesting to see the decimation that Frank is having on the business units at Fiserv, and it shows that he doesn't care about any of the core parts of what Fiserv did before First Data merged. I guess his idea is to syphon money from what is left until it dries up. If you are part of the core business units of Fiserv (Core, Payments, Digital Banking). I would expect more layoff's.