Thread regarding First Data layoffs

First Data Layoff Spring 2017

Once again FDC, led by Frank Bisignano and Big Bank executives elected to lay off an estimated 20% or 3,000 business consultants and mid level managers. Wall Street analysts demanded expense reductions to combat low stock price...their way is to just slash people and jobs at will. At the end of the day, FD clients will suffer too.

by | Post ID:
1888 views | 4 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

4 replies (most recent on top)

There you have it !!!! scammers and liers

by | Post ID:

Synchrony financial might want to look closely at the recent escrow deposit project that was a requirement of the contract renewal. It fails to meet the requirements and First Data upper management is well aware of the issue. They chose to ignore the problems and continue to lie/deny, turn a blind eye, and push all responsibility to the low-level application programmers.

by | Post ID:

Right on, Wisdom~ KKR tried to Transform FDC into a Tech company with Clover POS and paid apps in the Clover Market, however, reality quickly set in with new management in that they can't replace the card processing revenue, it's their bread and butter, however skinny the margins are. So back to their good customers, as you said, to raise their rates twice annually. Thankfully, new merchants shouldn't be in a 3 year contract and can get out ASAP. Repeat, Strong sell, get out quick.

by | Post ID:

They have been raising rates on the good paying customers over the last several quarters to raise money to meet revenue targets most likely to meet quaterly income goals now that they are a Public company. Couple this with the forced movement out over the last two years of already over 50% of their best sales employees and now add this latest slash to the mix. The problem now is they can no longer afford to continue to just overcharge good customers and throw away good sales and managment staff who worked hard to bring in the good customers without a long term negative impact. Strong sell.

by | Post ID:

Post a reply


Related pages

capital towersqualcomm paul jacobsnetapp fiscal yearsanta fe seconds south gate calockheed martin alexandria vacompucom dallas officepenn west energy trustgreen mountain coffee jobs knoxville tnintel in folsom cawipro in usauniversal technical institute san diegoaccuray store locatoratlanticare regional medical center city campusashland inc stockwww printingforless comnavigant consultantsbankofamerica.colmcabela's montanaqmc technologiesstaples closing downrange resources okcvmware rumorscentrica direct energybenefitsolutions bankofamerica com loginhalliburton odessa txstaoles.comneiman marcus last call hourseqt midstream partners lpfluor corporation canadanewfield exploration coaarons in atlanta gaapple store chenallayoff university of phoenixchevron phillips chemicalspanera bread corporate office st louishoneywell acswww 88sears com benefitssony jobs san diegowwe network directvsears hardware store locatorodessa post office hourscabelas in kearneyphillips conoco stock priceats contractorgeorgetown railwyotech coursesinternap network services corporationwinn dixie stores closingruby tuesday ft myersnov niskuat&t u verse jobsjob halliburtoncabelas hoffman estates illinoisstryker cafepharmaibm bandsofficemax denvercompany layoff trackerww grangerstaples hrshh gregg harveybankofamerica.co0mrsm careersdr horton tickerpall danaherchevron pensionhomedepot corparris stock quotefranks international nvmicron jobskellogg corporationhouston chronicle md andersonww grainger corporate addressoracle redundancyfrontier communications tickerslb ceobae systems boston