So Brookfield is closing and FB has some floors in the Milwaukee historic district. I wonder what the tax incentive is.
37 replies (most recent on top)
Concur with responses to FB and execs that “clients want us working from office”. What a fabrication!!!! Plus, if these guys are truly listening to the clients, then they should also be hearing about the degradation in support, delays in implementation, recurring outages, inability to escalate issues, and on an on - all things that are promulgated by ongoing staff reductions. If FB and execs were truly listening to clients, clients are certainly expressing these concerns well ahead of staff “needing to work from the office”. Stop the deceit!!!
Brookfield data center used to have Premier, Cleartouch cores and surrounds as well as online banking for Premier, Cleartouch, Signature and Precision.
In response to Post ID: @dak+1jpaTeoE. Most clients have no idea who works from home, so to say that they want employees in the office is bullsh-t! I really want to know who these clients are to ask them what their thoughts of the service they are now receiving. I’ve worked for Fiserv for 10 years and was hired as a remote employee since the closest office is 7 hours away. I was offered the opportunity to move the the BH office, but there’s no way I would leave the area I grew up in and all my family and friends for a job with a company I no longer trust and a CEO that I think is a low life piece of sh-t! FB proves money doesn’t buy everything or I think he would have bought some class!
I keep seeing posts saying RIFd people just didn’t want to comply with RTO requirements. I was hired as a remote employee and RIFd as a remote employee. The closest office to me was several states away, and no I was not offered any relocation options or other positions in the company, nor were my RIFd colleagues.
I was in Brookfield 1Q of this year and there was a data center still there. From what they said it was supporting the Premier product. The corporate area of the building seemed to be mostly corporate finance. I expected to see a huge corporate presence but it was pretty bare. I'm not sure how they figure 800 jobs, Did not even seem close to that in that entire complex. And it is a very huge complex and property.
What is happening with the Brookfield data center? Did they finally get all the Bank stuff out of there?
Keeping the HQ in Wisconsin (IN NAME ONLY) must have been a requirement in the acquisition agreement.
150,000 square feet???
How long is the lease??????????????
DUH! Fiserv missed the trend of moving to downtown locations to "attract young technical talent" by about 4 years. That has passed and now it's all working remote/at home.
Milwaukee has a terrible crime rate; per capita, worse than Chicago. Stolen cars exceeded 10,000 last year.
The 'new facility' is an old, refurbed inner city mall, mothballed for years, but investing in downtown is now the politically correct thing to do, LOL
Just ask NML, which built a 40 story gem on the lake and they can't get their staff back to the office...
This is embarrassing.
"Fiserv moving headquarters to downtown Milwaukee from Brookfield. 800 jobs are involved."
And how many of those will be RIF'd in the near future
Check out this article from Milwaukee Journal Sentinel:
Fiserv moving headquarters to downtown Milwaukee from Brookfield. 800 jobs are involved.
https://www.jsonline.com/story/money/real-estate/commercial/2022/10/27/fiserv-inc-moving-headquarters-to-downtown-milwaukee/69593620007/
Once again the shill misleads:
“Original Fiserv growth rate was 3-4% at best, on $4.5B in revenue.
Today's Fiserv is growing at an industry leading 11%, on $16.5B in sales”
You can’t compare original Fiserv numbers to combined company numbers (Fiserv + First Data.) it’s like saying 1,000 people ate peanut butter sandwiches but now 5,000 are eating peanut butter and jelly.
“Fiserv has a few hundred employees who were asked to relocate to one of Fiserv's modern campus environments and refused and are now upset.”
Thousands are upset with the lack of opportunity at what are now satellite sites that once were thriving locations. Postings only go up for NJ. Other locations watch videos-workers leave without seeing them replaced.
How much is parking? And how far do employees have to walk?
At least with all the parking garages nearby this facility should have enough parking spots. Unlike other locations that are still filling up.
Teddy, it is great that Fiserv is moving its office to Milwaukee. Great for the city -
@iwn+1jpaTeoE see post below about Beaverton office. It was more then a "few hundred" employees and we were going to the "modern campus" when it was closed.
Teddy - how about this -
- Original Fiserv growth rate was 3-4% at best, on $4.5B in revenue.
- Today's Fiserv is growing at an industry leading 11%, on $16.5B in sales
- Fiserv ranked #6 on the American Opportunity Index which is a real view of how well a company supports its employees
- Fiserv has a few hundred employees who were asked to relocate to one of Fiserv's modern campus environments and refused and are now upset.
How about report all that.
Off the record, this merger/reverse takeover has been horrible.
The trend in tech is to support remote-anywhere. Frank wants everyone back in the office 3+ days a week minimum, enforced by monitoring badge swipes in AND OUT. VPs and above are 4+ days a week in the office.
Another trend has been to get out of expensive locations. Frank, who’s contract stipulates he gets to work with a small radius of NYC, decided to open up a facility in of all places, NJ, which is amongst the most expensive real estate and COL, and then FORCED many associates to relocate or lose their jobs, with no guarantee of keeping their job if they relocated.
Another clear lie is the “44,000 associates” statement that has been given when clearly in internal systems the amount of employees is closer to 35,000. This may even be breaking SEC regulations as the reported number implies all is well.
I wonder if this will be like the Portland to Beaverton office move. Throw millions into a new location just to close it and RIF everyone in a few years. Sounds like a great use of company dollars during cutbacks.
To: Teddy Nykiel, tnykiel@bizjournals.com
Current employees are prohibited to talk to the media. Former-Employees who were part of a RIF cannot talk to the media for two years from their date of separation.
The only folks who can go on record have to be ex-employees not under or no longer under a separation agreement or current employees willing to be fired immediately.
What are your specific questions. We can crowd-source replies.
Hello, I'm a Milwaukee Business Journal reporter. If you're willing to talk on or off the record about your thoughts on the new HQ location, recent layoffs and/or how the company's culture has changed since the First Data acquisition, I'd love to speak with you.
- Teddy Nykiel, tnykiel@bizjournals.com
Saw an article this morning- $7M tax incentive with the promise of 250 more jobs.
Company is providing a new, modern place for you to go so you can leave working in a place that is a 1970's time warp. Why the complaints? Why not give credit and thankful? Don't get the negativity??? Are you that change adverse??
Think of this, moving an office to a new hip location is a subtle way to shed older / family workers. #agediscrimination ?
@qco+1jpaTeoE the Brookfield facility is about 16 miles from the new HQ. On a good day 30 minutes. Most associates that work out of Brookfield live in Waukesha county so this will add quite a bit of time to their commute but my understanding is the Brookfield facility will stay and certain roles and departments will be out of MKE. It will be a showcase location to show how clients and prospects how “great” Fiserv is. They don’t care right now. They want systems to work and people with knowledge to talk to. They don’t care where they live.
Post ID: @dak+1jpaTeoE
Bald Lie. As a client, I don't care where the worker lives, works, etc, provided they provide surpassing service and help us grow our business. So many of the best we have ever had, were remote officed and we did not begrudge them that one bit. In some ways an office environment breeds more toxicity and mediocrity.
Reminder: FB hates Omaha. There’s no way he wants people in Wisconsin. He inherited them grudgingly. Even if he gets his tax incentives the outlook is short-term. As long as he’s in charge the focus will be NJ.
Umm no, actually they are wondering why we're so antiquated in our thinking.
Post from TheLayoff.com
What’s the distance from Brookfield to downtown Milwaukee? 5 miles? This is all just a threat to leave if they don’t get state and local money.
“The global headquarters project, which will include the addition of 250 jobs over five years and a $40 million investment, is contingent upon incentives currently being considered by the Wisconsin Economic Development Corporation (WEDC) and the City of Milwaukee. “
Meaning FB said “if you don’t give us incentives to stay we are leaving the state”
I work with clients every day. They don’t care where you are as long as you get it done. This collaboration only occurring on hub offices is total bs
So that huge Brookfield Campus is only going to be a small data center after Corporate Finance moves to downtown?
I'm waiting for th Re move to Milwaukee package to be presented to me.
We were just told the RIFs were a good thing because of expenses. I guess another vanity project is worth some more layoffs.
Our clients want us to be working together in offices on their behalf. I know this is hard to accept if you wfh but relo to a hub is an option.
Another building and millions being spent for a facility no one wants to go to. FB is stuck in 1970.
Calm down Frank.
Too early to drink your own coolaid.
Terrific news for our associates in Brookfield - a new, wonderfully vibrant location in the city!