$83M in Q3 severance costs; savings target raised to $1 billion

Source-backed update · Company report · Fiserv

EventThird-quarter 2026 results released November 3, 2026, list $83 million in severance costs (up from $27 million a year earlier)

Added to WorkHushNovember 3, 2026

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Sources

Fiserv third-quarter 2026 results (GlobeNewswire) · Nov 3, 2026Supports: Reconciliation tables list severance costs of $83 million for Q3 2026 and $196 million for the first nine months; the release says projected Project Elevate savings rose to $1 billion from $500 million.Open the source

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The release doesn't say how many jobs the severance covers, which teams or locations, or whether more cuts are planned.

More job cuts in November 2026 ›