Hello All - it looks like we have a critical mass here with many layoff posts getting 1000s of views - I guess we can start exchanging info here - I am wandering what the forum thinks as it relates to Austin, TX layoffs that may be happening this year and in 2017.
Are we expecting things to be better at Visa or should we expect even more layoffs?
What are your thoughts...
2017 cuts continue
I do believe there are more layoffs coming in Q2. I known people in HR, and they said the signs are pointing that way.
Have you seen all of the Job postings for Visa in Austin, TX?
https://jobs.visa.com/go/Jobs-in-Austin%2C-Texas/373003/?q=&sortColumn=referencedate&sortDirection=desc
I heard that some in IT were told there jobs were moving to Austin so if anything, Austin will grow - less costly for Visa. I heard similar for DPS - jobs moving there. They are preparing to lease out the M4 building in Foster City - with the layoffs and people moving to Palo Alto, they are moving everyone into the other metro buildings.
I think Austin is slated to grow, but that doesn't mean it will not have layoffs. One thing I've been asked during restructurings in the past is if there were any people that we wanted to get rid of. The restructuring is an easy opportunity to get rid of an employee without going through a performance plan process or even if it's just personality conflicts. They eliminate the position and then tweak a "new" job posting with a few added or subtracted responsibilities that evolve into the eliminated position.
@anc - that's correct - Austin has a number of advantages if compared with the Bay Area, that geography will continue to grow - let's see what happens
I haven't heard anything about layoffs in 2017 for Austin. The leadership team specifically mentioned continuing to grow the Austin site.