Thread regarding Fiserv Inc. layoffs

Harvard Business Review Article

“Compared with people at low-trust companies, people at high-trust companies report 74% less stress, 106% more energy at work, 50% higher productivity, 13% fewer sick days, 76% more engagement, 29% more satisfaction with their lives, and 40% less burnout.”

https://hbr.org/2017/01/the-neuroscience-of-trust?utm_medium=social&utm_campaign=hbr&utm_source=LinkedIn&tpcc=orgsocial_edit

Not that this is some eureka moment, but here’s some actual data-driven science behind why you should resign from Fiserv - if you’re in the 80 to 90th percentile of those who can’t stand what this company has become. I left 2 years ago and it was the best career decision I ever made. My blood pressure returned to normal after I left, as did my overall stress and anxiety. If you come to this site regularly to feel better about yourself - because misery loves company - perhaps you should take more definitive steps to improve your conditions. I mean no condescension or snarkiness in my comments. Just know, there’s much more to life than the big orange machine. Happy Thanksgiving!

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Post ID: @OP+1jPaqsca

4 replies (most recent on top)

It makes no sense to work for a guy like Frank.

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Post ID: @3pvt+1jPaqsca

Most companies after a layoff quickly seek to re-establish some level of trust with the employee base by saying it was a one-time action & there are no future plans to make cuts. If a company doesn't do that, there are only a few reasons:

  1. Leadership is completely incompetent & doesn't understand/care about their workforce
  1. They want to create uncertainty & instability to get people to move on their own thereby avoiding future severance costs.
  1. The leadership strategy, if communicated - while it would reduce uncertainly, is worse than leaving uncertainty.

I think Fiserv is going for a trifecta here... smh

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Post ID: @1ftq+1jPaqsca

My spouse left three months ago and is 1000% happier (and compensated better) now.

This isn't rocket science. If you follow and business trend lines at all, you know that how Fiserv is currently being ran is decades outdated. It's big enough to not have an immediate crash effect, but at some point it's going to go off the rails.

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Post ID: @zyp+1jPaqsca

Best thing OFD was let me go. My new job is 10000000% times better with way less stress and management team that actually cares for its employees. Also knock on wood they have only had 1 layoff in the past 20 years. Not every quarter like OFD and Fiserv do now.

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Post ID: @tmw+1jPaqsca

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