November 28, 2022

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Giant financial technology fires several thousand |  Finansavisen

Giant financial technology fires several thousand | Finansavisen

Fidelity National Information Services (FIS) plans to lay off several thousand employees as part of its new strategy, according to Bloomberg.

He. She American The financial technology giant, which provides technology to the banking and capital markets, will try to win back investor confidence after the stock has fallen more than 40 percent so far this year.

In this regard, Stephanie Ferris will also hold the position of CEO from January 1, 2023.

The Islamic Salvation Front had more than 65,000 employees at the end of 2021. The layoffs are expected to take place gradually and will affect up to several thousand employees, according to the newspaper’s sources.

Should save 500 million

Ferris made a plan to save at least $500 million in the future. This is done by significantly reducing costs, among other things, on suppliers’ expenses and reducing the workforce.

The company also lowered forecasts for both revenue and earnings for the year. The adjusted result for each share is expected to end at $6.66 in 2022, compared to the $7.10 the company previously forecast, according to Bloomberg.

Recently, a number of US technology companies have announced mass layoffs. Among other things, Meta laid off 11,000 employees, while Amazon fired 10,000 employees.

Recently, Elon Musk also fired about half of Twitter’s employees after he took over the company.

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