Some who had been before I was born are being ask to retire. Loyalty is no longer applicable. I interviewed with a company and ALL of them are being valued with loyalty including the talent acquisition ironically :)
When will O&I layoffs begin?
Any news on when next round of layoffs will begin? And what are severance packages like?
UNIONIZE VISA NOW
Who’s ready to fight for a union at Visa? It’s totally possible if we come together, get a union rep, and hold these corporate execs accountable! https://www.nlrb.gov/about-nlrb/rights-we-protect/the-law/employees/your-right-to-form-a-union — read more
Its going to be a bloodbath for O&I
Just chatted with a VP, I am close with. The picture he provides in grim. C-suite wants 20% savings. Expect batches of layoffs in the third quarter. VISA is no longer an American company.
VAS Layoffs Today
Several people from VAS were let go this morning. Any other orgs impacted?
Product Layoffs at Visa
This month, the Product Org laid off quite a few people—not sure if other teams are facing the same. A comment someone made about targeting those with 'high standards' who push back against certain 'rules' seems to hold true. It also looks like... — read more
Finance layoffs
The finance org is quietly laying off workers. Management is not communicating anything, but key people are being impacted this month.
New layoffs in the UK this Week
New layoffs happened this week, they are keeping it confidential for now but it's massive.
IMPORTANT - RTO and mass layoffs coming to UK/US
If you reading this and still employed at Visa, you probably aware news came out today. Not only that, as I had the privilege to overhear a conversation from an VP, in which the context of the new RTO policy is to drive employment costs lower and... — read more
Elon Musk makes deal with Visa
Elon Musk makes deal with Visa https://www.bizjournals.com/sanfrancisco/news/2025/01/28/sfbt-digest-tuesday-robin-williams-visa-x-sf.html Elon Musk’s X Corp. has inked a deal with San Francisco-based Visa to be the first partner for what it is... — read more
Visa USA Employees No Longer Fear Layoffs
With the immediate dismantling of Federal DEI orders, and the recent voluntary dismantling of similar programs in the private sector, talented Visa employees now feel confident they can get a new job elsewhere based on their merit and skillsets. The... — read more
CEO Ryan Mcinerny sold every share of Visa options he owns recently
He sold this many shares, at this price, for this much. Seems like he's got a lot of faith in his company lol USD 2,739,264
New grad starting this summer: should I be worried about getting laid off?
I’ve been lurking these threads for a while and I’m worried about getting laid off before or early on from my start date and getting sc--wed in this job market
Sound familiar?
Meta to dump thousands of workers, then hire replacements Meta intends to push out "low-performers," then back fill the positions aka as cheap labor https://www.sfgate.com/tech/article/meta-job-cuts-low-performers-20034293.php
the soul of the company is squandered
i rmb interviewing for visa a few years ago and asked my interviewer what he thought about the company. he said it's a great place and he loved the culture here. i could feel that genuity when he said that and it stirred something in me, having been... — read more
Next round of layoffs on Jan 20. Then another in Mar/Apr
Most layoffs will be in FC office. Mostly in CMS and O&I.
Visa's sinking reputation
I haven't been here long but one thing is sure, if this company ever had a solid reputation, it’s shot now. I wouldn't care normally, but it's creating issues with my job search. I am getting convinced that having Visa on my resume is actually... — read more
What is severance like at Visa?
only 1 year employed at visa; curious what severance would be if i got laid off
Forbes - RT
Rajat Taneja Title: President, Technology Company: Visa https://www.forbes.com/sites/richardnieva/2024/11/19/the-forbes-cio-next-list-2024/#anchorTag-4-673b94f952cead20f0bc7793 As president of technology, Rajat Taneja is responsible for ensuring the... — read more
“Chief os Staff” for each VP
Visa laid off 100s of tech workers but hired “Chief of Staff” for each VP. Each CoS is nothing but glamorized secretary. All they do is su-k up to VPs and make them feel pompous. Also, the CoS have title of Directors and are highly paid. All they do... — read more
Visa ==> The restructuring will commence on Jan. 21
https://www.bizjournals.com/sanfrancisco/news/2024/11/27/sfbt-digest-wednesday-visa-cre-sf-lombardi-sports.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=FR&j=37672607&senddate=2024-11-29&empos=p1 San Francisco-based credit giant Visa... — read more
SF payments giant Visa lays off hundreds in Bay Area after turning record $19.7B profit | Hallelujah
https://www.sfgate.com/tech/article/visa-layoffs-huge-record-profit-19944933.php The cuts come amid record profits at Visa. During the company’s 2024 fiscal year, which ended in September, Visa turned a $19.7 billion profit on $35.9 billion in... — read more
Benefits
People are all focused on the layoffs, but I’m more concerned about whether our benefits are safe. Should we be worried about losing anything else?
More layoffs coming?
Any confirmed target teams anyone knows about coming into the new year? In the product org and have heard of a few teams laying people off this week (right before thanksgiving? Thanks Visa). Had one on my team effected directly, they had 8+ years at... — read more
What is Visa long term plan or objective?
What is Visa plan or objective? Cut staff as much as possible? Rely on AI? Eliminate high paying jobs and re-post same jobs to lower pay? To pay for elections donations? to pay for Visa merchant class action after US Justice Dept antitrust... — read more
Layoffs still ongoing?
Haven't heard of anyone let go this week. Now we're in peak, is that it? Rajat sent out an email yesterday saying 1000 staff had been impacted over the last several months and that changes 'were made', so it all sounds like past tense. If he's sent... — read more
H-2A, H-2B, H-1B
Not sure if these permits H-2A, H-2B, H-1B are "scam" One of the many reasons USA is very successful and "envy' from other countries is because USA relies heavily on 'legal' and 'illegal' immigrants. During Covid, a lot of business relied on... — read more
Poor Severance, H1B layoffs
From what I know: One person laid off after 40 years with Visa; 11 month severance package. Someone else laid off with H1B after almost 10 years with Visa; 2 month severance. Two more layoffs in my local office (sister team) with H1Bs. I myself had... — read more
Massive layoff
Touch Base meeting with manager. 2 days of layoffs in Foster City office. Poor exit package. Before layoff I received unfair bad manager review and 0 year bonus.
Just had an HR “touch base” meeting and done
Had the strange “touch base” meeting with local HR after long time with company. Your position is eliminated
Manager scheduled a meeting
What does that mean to have a meeting with a skip manager while having a person from hr? What should I ask or do during the meeting?
How long will these layoffs go on for?
Ryan seems to be restructuring exec leadership to be predominantly men in their 40s (except Kelly Mahon) and he’s laying off mostly women VPs & others who’ve been at the company for 20+ yrs. Looks like he’s laying off teams as part of collateral... — read more
When's it going to end?
Fy25 the year of AI. Where will the cuts go. If on one hand the company is making reductions but then asking everyone to embrace AI..... this will drive further reductions. What is Visa vision for their employees with their 2030 vision?
my 2025 predictions for layoffs in the banking industry
in 2025 the banking industry might see a ton of layoffs, that's my 2c... there are a few reasons why this could happen: tech is changing crazy fast, and banks are using more ai, machine learning, software and automation to do things that people... — read more
WSJ Article on Visa’s Vision
https://www.wsj.com/articles/visa-has-deployed-hundreds-of-ai-use-cases-its-not-stopping-4febe1b4 Did anyone read the contradictory statements? Lol that the company isn’t investing in AI to replace workers but at the end there’s this “Taneja said... — read more
Ryan's town hall this week
1,400 layoffs were done and planning to hire 3,000