Thread regarding Fiserv Inc. layoffs

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Marc doesn’t need me or anyone else to toot his ho-n for him, but I will anyway. If you don’t know who he is, google him. His accomplishments and the respect people have for him industry-wide speaks volumes.

What those search results won’t tell you is how he is as a leader. When the people who have worked for him tell you he is irreplaceable, it is because they have never experienced the same level of trust, empowerment, and opportunities under any other leader at Fiserv or anywhere else. Marc sees things in people they don’t always see in themselves and gives them the space to shine. He has a keen eye for talent and actually cares about the people under him. He can also spot a BSer a mile away. On top of that, he’s a very likable, down-to-earth kind of guy who happens to be a technical genius.

What others have pointed to in this thread as reasons for his forced departure are not even things that were necessarily in Marc’s direct realm of influence. Some are Product decisions and a lack of stability in Product leadership, some are higher-level decisions and directives, some were the failure of other orgs to stay current and proactively eliminate their own tech debt, some are lack of cooperation between departments. Fiserv has a way of making any brilliant idea struggle to get off the ground under the weight of red tape, shifting priorities, constant realignment, and frequent demands to do more with less.

Ultimately, Marc put the right people in place and the show will (unfortunately) go on without him. These kinds of decisions frequently accompany the types of shakeups in upper ranks that we’ve seen lately at Fiserv. Marc’s org got moved around so many times over his tenure at Fiserv, it was inevitable that he would land under someone who did not see his individual worth. However, doing this right before Forum when Marc was slated to speak was a fairly incompetent move and will only add to the growing client sentiment that Fiserv is unstable.

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Post ID: @rj+1ky0stayh

The only person who paved way to get all Fiserv’s data into a data lake. Clients have been using excel, canned reports trying to make sense. The only person who saw unified Data is gold. Good thing he set the stage for success. Data is gold now.

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Post ID: @r4+1ky0stayh

@dv I left his group almost 2 years ago, and there one goal was to get core data on the cloud and the ancillary reports that the individual customers used for federal and state reporting were farmed out to India. Some very nice people but not very motivated at getting things done. Anyway, at the time I left the push was to move everyone to the cloud and decommission our servers asap, didn’t matter if everything was ready with the new product the powers above Rind were sold a bill of goods which they were paying big money for it so they needed to start making money quick. I guess from your post that things aren’t much different then when I left, and to be honest I had a feeling that would happen. Personally speaking, Marc is a really nice guy and impressively intelligent, I enjoyed working for him and our interactions were always good. Fiserv just decided he was the scapegoat of the month, this is nothing new for them,

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Post ID: @jh+1ky0stayh

@ds speak with the sales team, they’re prospects have dried up. The primary reason is the product is not capable of delivering all of a client’s data, only the core and some channels. There are scores of other files that aren’t on the product’s roadmap. Meaning, clients need to maintain multiple connections to Fiserv instead of canceling those and having only Data Compass. You can continue to keep your head in the sand or come to grips with reality.

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Post ID: @dv+1ky0stayh

@cn if that were true, his org would have been gutted, not just reassigned to a different leader. The product would also be on the chopping block, not being further integrated with other top initiatives.

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Post ID: @ds+1ky0stayh

Who is he? Never heard of him.

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Post ID: @cr+1ky0stayh

Irreplaceable? They can’t sell what he developed. Spent a ton of money with no roi.

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Post ID: @cn+1ky0stayh

@an laid off

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Post ID: @az+1ky0stayh

Irreplaceable

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Post ID: @as+1ky0stayh

where did he go?

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Post ID: @an+1ky0stayh

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