Thread regarding VISA Inc. layoffs

Aside from layoffs (laid off on Tue) - here is a word of wisdom for all applying to 115 currently open positions at Visa Inc.

I have been laid off after 4 years with Visa, many long days, night and weekends - nothing was appreciated. Here is my advice to all who are considering applying for work here: We do not have a clear career path or progression plan - at Visa its not about what you do, but whom you know and how many times you say "Yes sir".

Visa's middle management is inexperienced, rough around the edges and lacking knowledge - this is all caused by excessive promotion that took place about three years ago.

The senior management and exec management reacts and poorly plans - there are fire-drills all the time and it's all fairly chaotic - it's not organized, planning and strategy are just an after thought. The same applies to many other things, especially quality, testing, change management and training.

Management sweet-talks, they promise, deceive - they will tell you one thing and something different will transpire.

The salary hikes at Visa are 0% and the actual compensations are much much lower than median compensation. The management is self promoting, will take credit and give none - they are compensated better than the competition and they take a major chunk of the bonus pile - they keep pretty much everything for themselves.

So, be smart and wise - while the brand name is alluring you may want to consider other options especially if you are in the Bay Area - there are so many tech jobs available there is a real war for talent going on right now - do yourself a favor and find something else - avoid this palace at all costs (not to mention another round of layoffs that will hit in Q2 or Q3 of 2017).

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Post ID: @OP+K5Uww9M

8 replies (most recent on top)

Innovation to Visa in IT is clearing out the legacy/SMEs and bringing in ivy grads or friends/family at higher $$$ (EVP has MBA from WA)

The heart and soul of pre-Visa Inc is all but gone.

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Post ID: @7eyo+K5Uww9M

Yes, Visa is all about the no experience management team. I was call into the office, and director read from a script that I was being laid with a Bunch of BS...But others were hired in my dept, and then raises where given to other employees who were there at a lesser time. VERY,VERY,VERY, lot of a-- kissers, especially in Finance in AUSTIN, plus a lot of two face upper management who will lie directly in you face. Don't work in Finance, matter of fact, just stay away from the toxic place.

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Post ID: @4hvv+K5Uww9M

I heard meeting notices were put on the calendars of those impacted. They showed up to a meeting with HR and their manager - sometimes over the phone vs. in person. People that happened to be home that day received a call telling them they were laid off. Some people could stay another week, some had to leave in an hour, some are staying through January or February and I heard even as long as April. Layoffs are disproportionally being done to those older and with more tenure.

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Post ID: @dge+K5Uww9M

I totally agree. I haven't been let go yet. Don't if I will be. But notwithstanding that, it's probably the worse place to work for. If you are unlucky enough to get stuck in a rut you will probably stay there forever. You will be expected to work till you bleed. But all for no return. Don't work for Visa. No one cares for tech in Visa. All the innovation action is basicallly a lot of fluff. Innovation if at all is top down. The Leadership has no direction at all. All reactions are knee jerk.

Stay away at all cost.

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Post ID: @jjo+K5Uww9M

Sorry to hear about your lay off. :( Hope you find a better position soon.

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Post ID: @gig+K5Uww9M

How were you notified? Did your manager pull you in for a one-on-one and actually explain? Or did you just get a generic email? Were you part of MAP? Did you get any kind of severance?

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Post ID: @roh+K5Uww9M

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