Thread regarding Fiserv Inc. layoffs

Layoffs Will Continue

https://www.glassdoor.com/Reviews/Employee-Review-Fiserv-RVW70380203.htm

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Post ID: @OP+1jSu4QfK

4 replies (most recent on top)

8500 more to go in upcoming months ........

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Post ID: @3mlb+1jSu4QfK

I have seen reductions at IBM ages ago, which was severe. The situation with Fiserv is FAR worse than that - never have I seen management so driven to terminate any if not all staff to put money into their own pockets. And KKR is legendary to milking a firm for cash out of huge debt. Henry Kravis has done very well, thank you. Research the take-over of RJR Nabisco many years ago. FB is out for himself and his crony-colleagues. JY may have been forced out, but hey a house in Malibu is nice compensation. SOLD his employees down the river though. Soon there will be just a shell of the old firm to "own" and that will before zilch.

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Post ID: @2ita+1jSu4QfK

It almost seems like that is the plan. Once KKR fully exits from their position, they can just let the remaining shareholders hold the bag. But don't worry about them, they bought their shares with a 5% discount.

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Post ID: @1inx+1jSu4QfK

At this point I don't know anyone who remains as a Fiserv employee that isn't looking for a job woth another company. With all the Fiserv layoffs there are consequences. The remaining employees are seeking jobs elsewhere out of self defense.

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Post ID: @1edf+1jSu4QfK

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