Brookfield, Wisconsin-based Fiserv Inc., a financial services company and payments processor, has announced that it will lay off 102 employees, mostly customer service personnel, located at the company’s offices in Dublin, Ohio. It is believed that this is part of the organizational integration with First Data Corp. which it acquired for $22 billion. Many believe that the Dublin office is slated for closure and that the company will transition its headquarters to Milwaukee, Wisconsin.
Since private-equity giant KKR owns a significant holding in the merged company, look for management pressure to reduce costs, headcount, and duplicative functions.
It is believed that office closures and significant reductions in headcounts will be announced mid-March 2020.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?