Fiserv cuts 3,000 employee and contractor roles under new CEO
Key points
- Fiserv has cut 3,000 employee and contractor roles since June
- The cuts are part of Project Elevate, with senior management reduced by more than 10%
- The savings target was raised to $1 billion from $500 million
Fiserv said it has cut 3,000 employee and contractor roles since June under its Project Elevate restructuring led by new CEO Takis Georgakopoulos, including a reduction of more than 10% in senior management. The savings target was raised to $1 billion from $500 million. The company did not disclose how many of the cuts were employees versus contractors; it had more than 38,000 employees at the end of 2025.
Original report: HR Katha ↗Edited with AI assistance. Facts are based on official sources and original reports.