This is a generic discussion thread to capture comments about potential Fiserv layoffs? Any chatter, news or rumors?
8 replies (most recent on top)
12/16 a lot of contractors are bing laid off. I am not sure if any employees are
They’d be doing you a favor. I was laid off after 20+ years. Found another job, wondering why I didn’t leave sooner. I didn’t believe it, but grass definitely appears greener where I am now. So, if it happens, you’ll find something better….just collect a check until then.
As a former direct report of Marino I can say with certainty that reductions will continue in 2023 and beyond. It’s Frank’s business strategy and it has not changed since he got tossed out of JPMC.
I retired from Fiserv in late 2019, and it is very sad to see a fine firm (yes, there were issues under Yabuki) be destroyed in a heartless manner. I took a drive past the old Alpharetta campus as a memory trip - well, it is that, now a memory. FB might as well put up a sign above each door ARBEIT MACH FREI would do well. My friends are all gone, on their own will. Very depressing. And being retired is fine by me.
To add to this, I'm in EMEA, part of the GFS org and OFD.
Remote workers across the board without doubt being targeted here now too. I got to know many wonderful, fully remote OFS people when the merger happened. They've all either left of their own accord or been made redundant. It's now happening with fully remote OFD personnel aswell, people who have given years to the company, out on their ears for no discernible reason other than where their contract says they can work.
Genuinely us OFD people are at a loss as much as you folks here. This change in FB is relatively recent for us aswell. Gibbons his little shrew has beaten the entire EMEA team down now and all that's left is fear. Our lives were easier and a lot more pleasant pre-merger... we had some flexibility, our managers had the autonomy to say what works best for their teams etc. None of this badge swipe monitoring bull sh*t!
The only people I know now who give any indication that they're happy anymore are the ones who have been there 20+ years and are afraid of having to look elsewhere, or others that might be only a few years off retirement who don't want to rock the boat for themselves at this stage of their lives, which I guess I can't blame them for.
Solidarity to you all on here.
Nothing known at VP level regarding 2023. There are still Dec layoffs (similar to Nov). A number of contractors not being renewed for new year
Another RIF happened two weeks ago. Not sure how many total were letgo.
I fully expect by end of Q1 all remote employees will be either RIF'd or given the ultimatum to relocate.