Fiserv cuts 3,000 employees and contractor jobs under new CEO

For those that do not know, FIS is a common payment infrastructure for banks in US to the point that they are effectively entrenched and ridiculously hard to remove once embedded. Think Oracle, but at least here there is some sort of a reason for it beyond contract.

That said, working with them as a vendor universally sucked in my little world and I am sure that now that those 3k employees are sacked, they will be replaced with nothing ( best case scenario reflecting good old fashioned 'more with less' ) or something like 'AI enabled agentic agents' ( I wish I was making this up ).