Thread regarding Fiserv Inc. layoffs

Fiserv is headed for serious trouble. Most of the knowledge and talent has either left already or was “retired”. They cannot attract new people with knowledge or talent. So what is left?

1. Lots of “yes” people and snake oil peddlers that don’t really do anything but talk a good game

2. Fresh college graduates that are desperate for their first job or MBAs who think textbook = reality

3. People who cannot work elsewhere because their skills are terrible and they suck at their jobs

4. People who are stressed out and hope things will get better but feel like they are trapped and drowning

This is the toxic company that Frank built. It’s a hollow shell of a functional organization, and things are only going to get worse as long as he remains.

Remote contractors are first in line in our BU

Getting my resume revamped professionally. Still employed at Fiserv but there are not many happy people there at my office. Chance favors the prepared.

(R)educton (I)n (F)orce. For some reason they think giving "layoff" a different name somehow makes it better.

D-mb question: what’s a RIF? Assuming it’s not “reading is fundamental…”

You need to understand the new world order. Associates are not valued. They are corporate assets...like a chair. And a pesky expense...to be managed as an expense. The company will manage its assets as it sees fit. Should executives who cannot forecast expenses or manage a company be held accountable? Certainly not to associates.... I know the tax treatments are different...but issuing hundreds of severance packages paid out in Q4 sure seems like an "expense" spike to me...not my pay grade. Frank-enstein has shown only tricks and no treats since his elevation....