Fiserv, once a Wall Street fintech darling led by Frank Bisignano, has seen its stock plummet 44% after poor quarterly results and revelations of long-standing problems, raising questions about management under Bisignano, who has since resigned and sold significant shares. The company's reputation and financial stability are now in question as it faces lawsuits and struggles to recover, with new leadership attempting to overhaul its culture and operations.
Ubisoft Montreal employees are in disarray after being forced to return to the office following a three-year work from home (WFH) period. The move has been met with division and accusations of broken promises, as employees made major life decisions based on the belief that WFH would continue. Concerns include transit, safety amid rising COVID cases, accessibility accommodations, and the quality of the office. There is a lack of trust in management's ability to address these issues, given previous allegations of a toxic workplace culture. Some speculate that the move is an intentional effort to push employees to leave without severance. Ubisoft claims the return to the office will improve effectiveness and agility, but employees remain skeptical.
Customers who paid thousands of dollars for a multi-year cruise that was set to visit all seven continents and 135 countries are now demanding refunds amid internal uncertainty and management issues with the cruise company's founding staff. The cruise, organized by Miray Cruises and its subsidiary company Life at Sea Cruises, is now in limbo after ties between the two companies were severed. Prospective passengers are wary of hopping aboard and some have received refunds, while others have until the end of June to send deposits. Miray Cruises is still planning to go forward with the cruise, but some customers are opting for shorter-term cruises until the situation is resolved.
