Thread regarding VISA Inc. layoffs

disposing of key talent to balance retirement accounts to prevent takeover

Dozens, maybe hundreds of key employees were laid off or 'let go', in the last few weeks. Most of these people were exemplary employees with years of experience, and no performance issues. Many did have large retirement accounts. This does not, however, give a license to Visa to lay them off. Each of these layoffs reduces Visa's value and talent to run the respected areas efficiently and securely. The current direction under Rajat Taneja is one of hiring cheap, limited talent low cost workers from India, and several other near east, or related territories to his own benefit. Perhaps Rajat, despite being an inside trader and crook from his EA days. does not have a CLUE of Visa's values devalues the commitment to employees. Suggested reading for Rajat:

Through the years, I have greatly feared and sought to keep at bay the four beasts that inevitably devour their keeper – Ego, Envy, Avarice, and Ambition. In 1984, I severed all connections with business for a life of isolation and anonymity, convinced I was making a great bargain by trading money for time, position for liberty, and ego for contentment – that the beasts were securely caged. - Dee Hock

The Chaordic Commons provided a way to turn over the work to a broader community of effort and to let Dee step out of the limelight, back into his retirement. Its purpose was to develop, disseminate, and implement new concepts of organization that would result in more equitable sharing of power and wealth, improved health, and greater compatibility with the human spirit and biosphere. The organization ceased operations in 2005, with the website going dark in 2011

John,

by
| 4422 views | | 7 replies (last )
Post ID: @OP+IMy2BjJ

7 replies (most recent on top)

One of my colleagues brought a good question: is there any statistics gathered out there how many East Indians (with HB-1s) replaced the US citizens who got laid off? Don't you think the media (who's supposed to be good in gathering info) should be able to pull a report nationwide? Somebody needs to expose these crooked executives!!!

Visa conducts their layoffs quietly - keeping well below the limit required to report. It's a "now you see them, now you don't" world at Visa. This week was one of the biggest in my 19 year history. Interesting how we are hearing about Twitter, but not Visa. Visa will blame this on the Visa Europe integration - at least that will be the story for the street but why then would you refer to this week's project as "Project Reset". My understanding is that managers were not involved in who went and who stayed - there were behind door conversations and I think you'll find that most of them targeted are those that are older with lots of tenure at Visa (aka making the higher salaries and with good pensions.) How many college grads did they hire over the last few years? When they came off their rotation, did they have to apply for a position or did they just say where they wanted to go? Do you see the pattern?

by
|
Post ID: @1jatr+IMy2BjJ

@AnotherOneHappened,

You mean Robin Staples. And yes, 10/25. Don't know the count, though.

by
|
Post ID: @1ixar+IMy2BjJ

Many under Robin Owens and based in Foster City, have been laid off 10/25/2016.

Good news: they have good pension.

Bad News: find another job.

by
|
Post ID: @1hjwb+IMy2BjJ

I wish to know the layoffs history of VISA INC. Could anyone help me understand the pattern and statistics please. And more about the recent layoff reported here

by
|
Post ID: @5wxg+IMy2BjJ

@Dude - our humble layoff.com community welcomes you here - I see that Visa had no activity here for very long time, I invite you to see our board at /Intel - you'll see how interesting it becomes once they start laying off thousands of hard working and honest employees

by
|
Post ID: @1ytj+IMy2BjJ

Post a reply

: