Ferris assumed the CEO role just as the Jacksonville, Florida-based FIS was said to be considering cutting thousands of jobs, Bloomberg reported in November. The company has not said when the review will be completed.

FIS has seen turnover on its board of directors in recent weeks, following a cooperation agreement signed with activist investor hedge fund D.E. Shaw. Another hedge fund, JANA Partners, is also weighing in as a new investor at FIS, which has come under pressure to consider divesting operations.

FIS had about 65,000 employees as of the end of 2021, including 40,000 outside the U.S., according to its latest annual filing with the Securities and Exchange Commission.

FIS has not yet announced the date of its fourth quarter earnings report. 

An FIS spokesperson declined to comment on the Bloomberg report, saying the company doesn’t comment “on rumors or market speculation.”

By Caitlin Mullen on Feb 2, 2023
Original link