LAYOFFS: NO LOVE AT FISERV

Am I Next? Headcount reduction at Fiserv.

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?

LAYOFFS: NO LOVE AT EVO PAYMENTS INTERNATIONAL

Am I Next? EVO Payments International consolidates operations.

Atlanta, Georgia-based EVO Payments International, a global provider of electronic payments processing services, has announced that it will layoff 139 employees at its Portland, Main offices throughout 2020. It appears that  the decision was driven by the company’s desire to consolidate operations at its Dallas, Texas facility. It is believed that a small datacenter and about 10 employees may remain in Portland.

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?

LAYOFFS: NO LOVE AT DITECH FINANCIAL & REVERSE MORTGAGE SOLUTIONS

Am I Next? DiTech Financial and Reverse Mortgage Solutions closing - bankruptcy.

Fort Washington, Pennsylvania-based Ditech Financial, a mortgage originator and loan servicer, has announced that the company will layoff 405 employees, 101 employees located at its Fort Washington headquarters over the coming months as it discontinues operations after the company’s two main subsidiaries were divested in its February 2019 bankruptcy, the second bankruptcy in 14 months. In addition, the company will layoff 305 employees and will cease Ditech's entire operations in Jacksonville, Florida on January 31, 2020.

The company’s reverse mortgage business, Reverse Mortgage Solutions, was sold to Washington, D.C.-based Mortgage Assets Management. And the servicing rights from its origination and servicing business, Ditech Financial, were told to New York City, New York-based New Residential Investment Corp, a public real estate investment trust focused on investing in the residential housing sector.

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?