Thread regarding Fiserv Inc. layoffs

RIF King Shall RIF Again As Necessary

https://www.paymentsdive.com/news/fiserv-ceo-frank-bisignano-maniacally-focused-cuts-expense-management-margins-debit/636567/

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Post ID: @OP+1jQAtP8T

7 replies (most recent on top)

FB is already $100MM richer just in stock this year alone. Look up how much he has been given/exercised.

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Post ID: @ghgl+1jQAtP8T

@fux+1jQAtP8T FIs are letting us know. They're locked into contracts they can't get out of, so the words are falling on deaf ears.

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Post ID: @ade+1jQAtP8T

FB knows how long the cycle is for an FI to move from one company to another... by then he will be 100 mil+ richer & off to retirement

Unless FI's make their opinions heard now, it won't change

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Post ID: @fux+1jQAtP8T

3 - 7 is how long Frank has. Probs 4 max. Inflation is inflating our numbers like crazy. Strip that s—t out and let me see the actuals. 8.3% increase for 2023 will make the numbers go “wowwwwww” as our clients go “stfu with this terrible service”. GTFOH

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Post ID: @mww+1jQAtP8T

@cuk+1jQAtP8T

From Frank's perspective, facilities last longer than employees. And he will make sure it stays that way.

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Post ID: @xoi+1jQAtP8T

As he burns the new banking org to the ground with layoffs. That recurring rev is going to evaporate in 3-7 years. Clients are beyond mad. Feel bad.

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Post ID: @rdk+1jQAtP8T

And here we are dumping money into unnecessary facilities. Seems awfully hypocritical.

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Post ID: @cuk+1jQAtP8T

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