Or will there be more throughout the rest of the week?

I invested 160k in espp for past 9 yrs in this stupid company. I am sitting at a loss of around 80k. Do we see any little ray of hope where at least I come out of no profit no loss Avg price per stock is 81$

According to my SVP, the workforce reduction actions implemented in this round did not achieve the level of cost savings Stephanie had targeted. This action was largely driven by a forecasted revenue gap over the next six months, combined with the... — read more 

post show up and deleted 1 min later? WOW 1) LFI moves out of PS into tech dev- core vs implementations 2) let go all core teams -what’s a core product? 3) acquired a new company to replace current product - but RIF 4) change operational structure to... — read more 

D1 LFI moves out of professional services to tech dev- how is implementations part of tech dev? They create value streams - which no one understands. They act like implementations are core team and change everything to d1 teams to operate as such-... — read more 

Got an email hour back, wording is weird “If you are reading this and your role was not impacted, I want you to know : I do not take your for granted.” Are they sending this people who are rifed or to people who still have Job or both Weird email... — read more 

This clown really writes this end of day, while they leave executives and senior management in place with absolutely no clue of what they're doing, canning some actually decent people today who were helping the organization which they canned on a... — read more 

We know someone is reading this...I heard today "this is the last one this year" this is the 3rd time this year I have heard that. That is why you are not trusted. It is that simple. You don't tell us the truth over and over again. This is the... — read more 

Can it get any more disrespectful than that?

How on earth do these people sleep at night? Is this the legacy SF wants to show her children? What a soulless bunch of fools driving this ship. May they ALL someday know the pain that they’ve cause all of us…

So I was part of the group on March 22 that was RIF’d but then forced to stay working until end of June and then quickly extended until end of August. It seems like the people RIF’d today are done as of today. I want that deal! Trying to stay... — read more 

Heard about the layoffs today. I am sorry this is happening to you. Can you kindly share how much severance is FIS giving?

Does anyone know if lay offs are over for now?

Got pulled into a call with my manager and told I was laid off with 25min before access was revoked. That's nowhere enough time to handle critical knowledge transfers and other responsibilities. What is the plan when things start falling apart... — read more 

WTF. A pre-recorded call to let people go is the most cowardly way to treat employees. People have given countless hours to this company, and this is how they’re repaid? The company is clearly going downhill if this is the standard of leadership and... — read more 

Is that how notifications are going out?

I am sorry if you have been notified today and hope you find that your next role is far better than this company has offered you! It would be helpful to know what function or org you are with if you have been notified without giving who you are away!... — read more 

The only silver lining is that severance seems to be staying as is. That's always been my biggest concern when layoffs happen.

The company will conduct reductions in force (RIFs) each month. There is a targeted headcount reduction that must be achieved based on forecasts designed to demonstrate that operating expenses are being managed and financial controls are in... — read more 

Any way to know how many are still left to be notified?

Looking for words of encouragement to share that don't sound like bumper stickers. There is lots of support here, use it.

I asked to be riffed instead of rebadging with cognizant. HR agreed after threatening to treat it as volunteer resignation. Now I will be riffed as of June 30.

I’m in IBS Core. TPM (tech product management)… one of the product owners. Are we getting RIF’d or laid off? Everyone under my manager has the same meeting tomorrow, including my manager.

I willl be interested to see if the 13% and the RIFs are the work of the troll.

We have to separate fact from opinion. SF was CFO of WP when FIS acquired WP. She was appointed COO with a primary responsibility of integration of WP and FIS. Integration was so bad FIS paid an additional 950 million in 2022 for acquisition and... — read more 

Is this correct? I believe tomorrow (6/23) is the notification day. Meetings usually get scheduled later in the evening for tomorrow morning @a5+1kvr3808t

This uncertainty is ki-ling me. Folks on this thread have talked about 13% of the workforce being RIF'd, multiple teams expected to be impacted and most of it being initiated today. Yet, not many have said a word about receiving that uncomfortable... — read more 

This is very sad that most of the companies are adapting to new tech like AI and laying off due to improvements but at FIS a "BIG BANKING PRODUCT" related company people are being laid off due to poor management

Just a short note to wish everyone good luck at this stressful time. Losing your job is scary but here are some things worth remembering if you get the chop. It’s not personal, it’s not a judgement on your ability, work ethic or personality. It’s... — read more 

If you are impacted it would help to understand the BU, team or even location. The company is too big to try and figure what jobs are impacted this time around. Thx!

It seems some posts show around 9000 views then the next day or so show a much smaller number. Merely curious, there at so many views right now as the date of the next purported layoffs (Tuesday) loom. Many have been generous with inside... — read more 

What were they thinking? I look around at who's still here and who's gone and it's clear the best people are out and the worst people are still in. How did that happen? Either the decision makers only looked at spreadsheets or they're deliberately... — read more 

I know several people who were riffed in June, and there are still rumors of larger global RIFs coming in July and August. For those who make it through these rounds, whats the outlook for the rest of 2026? Do these cycles eventually come to an end... — read more 

Wondering when I should start looking out. Waiting for the layoff meeting is always a good time!

And all completed next week

Does anyone know, if you take all your vacation for the year and then get laid off, do you have to pay back the part you haven't accrued yet?

FIS has layers and layers of Management. Basically these managers contribute zero value addition. Have never seen Ajay Goud, Ajay Gupta or Ramanand speak a single word during meeting. They hardly participate in technical discussions. If Elon Musk... — read more 

Heard from reliable sources, management discussing to end 401K match in July this year. Otherwise will be done starting 2027

How could you trust anything that this board is doing to the firm !! Never mind a trust officer. Let’s line somebody else’s pocket with options and bonuses