What in the world is going on? Lay offs almost every day. I "heard" there have been around 5,000 lay offs this year world wide. Could Fiserv be "ripe" for a take over? Why is the movie "Secret of my Success" flashing in my head? I remember 5-6 years ago they were working hard to get more employees to work from home. Now, they don't want anyone to work from home. They keep having these Town Hall meetings saying everything is going well. They care about everyone's mental health. Obviously not!! If they actually cared about our mental health, they wouldn't have 2 or 4 people doing the job of 10-15 people. How is that good for mental health?
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FIS may not be so bad, anything is better than this….
No company will purchase Fiserv with 22b in debt and interest rates rising ahead of a recession.
FB prepping up the golden parachute. The only way he can now.is to make Fiserv lean and mean. He is known for this strategy, look up his story. This time around he will simply bailout never to be seen again. Look up previous posts of possible selloff... Who do you this is ritely positioned to increase the market cap... My bets are on FIS... Others could be GPN, BR, ACN, WM, TRI, RSG, PAYX, MRVL, and WCN
Unless Fiserv has to pay fines for SLA violations.
FB cutting the most expensive cost, people to prop up the stock for his massive sales of it. He knows most clients a locked into long contracts and his junk decisions won’t matter until those contracts are up. Then Fiserv comes in with low ball bids and massive promises to lock them in again. We won’t see the true ramifications for 2-3 years I fear.
The takeover / sale / merger comment has been made several times recently. It should not be dismissed.
The short term bottom line is what FB and his team care about and nothing more. A good leader would demonstrate through their actions that clients are first and employees are a close second. However, you see actions that demonstrate otherwise and all employees know it. Morale is at an all time low and now clients are seeking out layoff message boards to understand why service is so bad. FB seems to be thinning out Fiserv until it is a skeleton of its former self, with no vision, no strategy, and a completely incompetent CEO at least in terms of serving the interests of stockholders, clients and employees. Self serving interest is the name of the game here.