last year we had 150 people, now 50, layoff started this July 22, 2 seniors engineering vp resigned, one of them hired 2 absolutely useless interns before he left, QA team completely gone, good managers gone, but the 2 intern who barely code sh– was... — read more
Topics regarding layoffs at VeriFone
As more people leave by choice or layoff, it is clear that a buy out will be happening.
Looks like a major chunk was just taken out of the Petro division. At least 12 Petro HD people let go, and a lot of senior (as in, founding members) let go as well. Wonder if they're getting ready to farm Petro out to Gilbarco or... — read more
Where are we headed. Post your predictions in this thread.
Management tried to put the Ex-motorola team in Chicago in charge of delivering terminals. After the FP acquisition, they laid off a bunch of people in San Jose and Rocklin. They trusted new comers to this industry to deliver a key product over the... — read more
The stress just keeps mounting... Is job security now a thing of the past for us for good?
Massive layoffs at Chicago office This was posted by @11S9Yl3n-ufue on another thread. Is there any truth to this? Has anything been confirmed?
Heard some rumors about possible layoffs in September, any truth to this?
For anyone who assumes they are safe, you have a rude awakening coming. The owners and leader do not care about your well-being nor what you think you can for them. Layoffs are continuing and will continue. You have got to be living in a sad dream if... — read more
TPE lay off list was announced for around 25%, it was surprised and upset on Thursday. I do not know what would be the next stop for this company....! — read more
I have a feeling FP is not done yet. They will likely do further cuts after the last group, Dec 31st, have transitioned out. And because these second cuts will be less than the numbers set by CA, they won't have to do notifications with CA and the... — read more
TPE layoff list will be executed on 10/3(Wed), thanks for the guy who works hard in Verifone....WTF~ Anybody here knows if this is true? And if it is, can we get any more info on it? I really didn't need to read this today. I'm stressed out as it is... — read more
ATL, TPE, San Jose, Miami, Clearwater, Argentina, Mexico in massive layoffs. Looks like the "YES MAN" upper management has no clue about how to make the company effective. I have been at Verifone for many years, STILL HERE but already started to find... — read more
Let s make the hypothesis that the new management is not stupid. A lot of things they say are simple common sense... If you seat on their side. This leads to imagine that the understanding is wrong on many sides. New owners missed all the important... — read more
The previous CEO is sitting fat and happy with his huge exit package and 1 millon $ bonus from 2017......while hundreds of employees are left with miserable reverence packages
Makes you wonder who makes these decisions... We lost some of our best people in this round of layoffs... Why? Where is the logic in that? At the same time, some of the people who truly are dead weight on the company are still here... One thing is... — read more
People are acting like this is all over, but how do we know there will be no more layoffs next week? This looks to me like a start of something much bigger. I might be wrong - and I certainly hope I am - but it would be really nice to know for sure... — read more
I am in Rocklin and I’ve spent almost five years with Verifone. Hit every single target I had, was an exceptional performer in every sense – yet, they’ve still cut me. It’s a bit perplexing and hard to grasp right now but given all the challenges... — read more
Been here for almost 10 years, and for about half of it I’m waiting for a things to change. Cannot change anything until you get rid of bad and ignorant managers. And that’s gonna happen, well, like never. Seen so many talented and hardworking people... — read more
Can somebody tell me what do you need to do to get promoted here?! I can tell you being among the best at your job, always going the extra mile, always helping others is definitely not one of the ways to secure a promotion. Trust me. Things like that... — read more
Once this was not the case, but for a number of years now the only thing that matters here is money. It has been put above employees over and over again, to the point where nearly everybody feels miserable and not valued by the company. I'm not... — read more
No wonder this company is falling apart, there is complete lack of leadership among management from mid to senior levels. Nobody puts any time or energy into developing their teams. They seem to think things like that happen on their own. Management... — read more
Facts: 1000-1500 full-time employees gone. Some yesterday, a large portion Nov 30, and Dec 30; Expect customer facing support to get much worse. Executive management mandating contractors will not be renewed unless deemed critically necessary... — read more
As a partner supplier to VeriFone would be very nice to know the status of product lines and their future. All our contacts are now gone and there is no hand off to new contacts or transition outreach.
I left Verifone 2 months ago because I saw this coming. I've been through the buyout process with a few companies now, and every time there are massive layoffs. Francisco Partners has zero interest in keeping Verifone a functioning company. This type... — read more
Massive 50 percent of office laid off at the Rocklin, Ca location as of September 19, 2018. Do NOT go there! A highly unstable company! New CEO and owners are clueless! Too bad. Once a good company. — read more
I think layoffs are coming -- there's already been a little bit of upper-management bloodletting in the Atlanta office. Developers that left at the end of 2016 weren't replaced, and a good contractor has been let go recently. They're looking to cut... — read more
assessment that Verifone is a company in constant turmoil. I joined the company in April, 2015 based what seemed to be promising recent changes in the executive management ranks and their new vision for where the company was going. Additionally, they... — read more
If you work for VeriFone your job will not be secure and you will always be concerned that you may be let go. In my four years with VeriFone I have witnessed many job cuts, people are not leaving on their own. Overall, VeriFone is not doing well and... — read more
This was all over the news lately, VeriFone will be laying people off and things are not looking good. In short they are laying off folks and will take a 30 million dollar charge to do so - typically, a single person layoff costs about 100K so you... — read more
what do you guys think
stock is going down, you know what follows
good for you. Try reading this site: http://www.glassdoor.com/Reviews/VeriFone-Reviews-E1495.htm Maybe your time is not yet there. Never heard layoff because they are done secretly and personally delivered! A Hole! — read more
What are you talking about - I've been with VFI for over three years now, never heard of any layoffs. Troll...
VFI perfected the area of layoff. It happens every year unreasonable layoff. Upper management keep saying apologetic and sad etc restructuring stop acquisition and invest in R&D and stop being A ho trying to dislodged Square. — read more