StocksMedium•5 November 2026•
1 min read
Fiserv Doubles Cost-Saving Target to $1B and Eliminates 3,000 Jobs
Key Facts
1Fiserv has eliminated approximately 3,000 employee and contractor positions since June.
2The company doubled its cost-saving target under Project Elevate to $1 billion from an initial $500 million.
3The restructuring included reducing the senior management workforce by more than 10%.
Fiserv has doubled its cost-saving target under its Project Elevate restructuring program to $1 billion, up from an initial goal of $500 million. Reuters reported that the company has eliminated approximately 3,000 employee and contractor positions since June. According to BW People, the restructuring included reducing the senior management workforce by more than 10%.
The measures are part of a broader initiative aimed at aggressive cost reduction and operational efficiency under new leadership. FISV shares closed at $62.05 on November 4, 2026, having traded between a day high of $62.67 and a day low of $59.46 during that session.