Surreptious layoffs - Senior Advisory Consultant Fiserv Employee Review

3.0
Nov 18, 2024
Recommend
CEO approval
Business outlook

Pros

Colleagues are nice to work with

Cons

Not bold enough to communicate layoff decision to the employees in writing. Holding surreptious video call and informing that if you send a one liner resignation mail, we give you so much (gratuity, notice pay, severeance, leave encashment etc) but no communication in writing. Access to system is removed immediately after the call. If any one trusts it and resigns then there is no guarantee that their oral offer of compensation will be honoured by HR. On the other hand, the HR may try to recover pay for notice period saying it is your resignation. Till few years ago, Fiserv used to be very employee friendly but after merging with First Data, it is growing down by losing very experienced SMEs

Explore other reviews about Fiserv

5.0
May 22, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

This is a Good Place to work

Cons

Work - life balance is minimal

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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