Thread regarding VISA Inc. layoffs

Bad decisions

It seems people were cut based on criteria unrelated to their work or the need for their skills. In one particular case, a person was cut who has an exemplary work record (15 years at VISA) and does a job that literally nobody else does. It is the consummate knowledge worker role; this person has 30+ years of experience in the field and has built personal relationships with dozens of global vendors and service providers that enable mission-critical work to get done quickly and with little disruption. This person was told the job was being "moved" and will be posted in Austin. Good luck with finding someone there who can step in and execute the role - the learning curve is incredibly steep and it will be nearly impossible to find someone with the unique skill set needed.

This particular case is one example, there are others. This is not cutting excess staff, this is laying off (expensive, and for good reason) senior people and gutting the company's institutional knowledge. The executives who made these cuts will be dealing with unintended consequences for years to come.

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Post ID: @OP+KbLt5Rz

5 replies (most recent on top)

I agree, regret joining there. It was a waste of my time and talent.

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Post ID: @1xcn+KbLt5Rz

Switch to American Express card. They have double points when you shop local small businesses and cash back on their no fees blue card. We only use our Visa card at Costco and only essentials. I can't even use the Costco in Foster City anymore due to its proximity to Visa.

I left in Sept and was very happy to leave and feel good about my decision then and now. Get your revenge and switch to non Visa cards. Good luck to you all.

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Post ID: @1ecm+KbLt5Rz

We are All Replaceable. The people who have 'x' amount of knowledge, insecure and paranoid will catch on sooner or later.

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Post ID: @1wan+KbLt5Rz

No, the execs won't deal with the consequences, because they will have cashed out by then. Like Charlie Scharf just did.

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Post ID: @ndj+KbLt5Rz

True, Visa seemed to be a sensible company but I my regret joining every day

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Post ID: @vzt+KbLt5Rz

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