How do you see this new acquisition by FIS - masterstroke? Do we expect layoffs? Reorg?
4 replies (most recent on top)
@dp heard there are more than one more round of RIFs this year. I wish they would just rip off the bandaid already. This is way worse than just making a huge cut all at once. This way they don’t have to abide by the Warren Act -I believe it is called- but they should. Heartless corporation and even worse executives at the top!
Can't believe this was even asked. Of course there's going to be RIFs!
More debt for FIS. Investors should read press releases more carefully.
If I read the very confusing press release correctly this three way transaction won't be completed until next year. The stock price has gone up because this is the new toy of sorts. Quarterly goals still matter. Revenue vs expenses still matter. We already had round one of a substantial RIF. If history serves as a guide round 2 is due before the year end.