Poor Executive Leadership & classic Shareholder - Director Fiserv Employee Review

1.0
Feb 8, 2024
Recommend
CEO approval
Business outlook

Pros

The mid-level management and lower tiers consist of a wealth of exceptionally talented individuals. There are many wonderful people working here. If you want to learn and are at an entry to mid-management level, you can find opportunities to grow here.

Cons

They are a sizable corporation primarily focused on bolstering their own financial gains, continually diminishing employee benefits. One such action involves claw-back the modest 2% bonuses earned from the previous year's work due to leaving halfway through the year. They did not prorate this claw-back. Though layoffs are essential for streamlining operations and occur biannually a Fiserv, a recent reduction of a significant 20% of the workforce was implemented to curb costs. This decision coincided with a lavish all expenses paid executive retreat. This juxtaposition underscores the company's disregard for its workforce. The absence of visionary leadership at the helm, coupled with a failure to grasp contemporary work dynamics, reflects a persistent adherence to outdated business practices rooted in the 1990s, encompassing technology, organizational culture, and environmental approaches.

Explore other reviews about Fiserv

4.0
Oct 2, 2021
Recommend
CEO approval
Business outlook

Pros

Pay is decent, great team mates

Cons

New CEO is ravaging the company from inside out. Layoffs, frozen job postings, and revoking all WFH privileges.

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