Fiserv
Nov 2026 · Payments and financial technology · United States
Jobs: Management layers
reported, not counted
Chief executive Takis Georgakopoulos, Fiserv's Q3 2026 results release (3 November 2026, filed with the SEC): "As we simplify and focus our organization with an AI-everywhere mindset, we have increasing confidence that we can drive greater efficiency while investing in innovation and delivering differentiated client value." The same release describes its transformation programme as "a multi-year transformation initiative focused on technology modernization, operational excellence and process reengineering enabled by artificial intelligence." Georgakopoulos on the results call the same day: "since I took over as CEO, we have reduced contractors and employees by 3,000 people" ... "including a more than 10% reduction of senior management", and on the raised savings target: "The early results that we are seeing from deploying AI is what drove the delta between the half a billion and the billion."