Topics regarding layoffs at VISA Inc.

Topics regarding layoffs at VISA Inc.

Your former CEO

How was cs viewed at Visa? Did morale go in the toilet while he was there? Did he leave a mess when he left? Inquiring minds at another financial company want to know.

Look somewhere else

Some of the management people at Visa lack leadership, integrity and dedication necessary to properly run a company. I’m sure it’s not like that in all departments however I find it to be very true in mine. We have managers who won’t give credit... —  read more 

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Post ID:  @OP+R30TmXT

Promote from within, not outside!

Visa used to be a company that I enjoyed working for but I moved on because of a few employees who were hired from outside of the company for positions that should have been made available to current employees. Instead of promoting internally, which... —  read more 

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Post ID:  @OP+QXSmoWr

FY2016 Bonuses Paid?

Wondering how people who were laid off have been treated for their FY2016 bonuses. I would avoid mentioning anything specific on here, but I just checked mine and it is a huge disappointment. Much less than expected, and expectation was in line with... —  read more 

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Post ID:  @OP+Kn2hg0B

Age inspired layoffs

I've seen many posts on this site referencing the recent layoffs disproportionately effecting older (40+) workers of good caliber. It is against the law in the US for any employer to dismiss employees based upon age. While it can be difficult to... —  read more 

VISA - worst place to work Filled with ex pay pal folks who all support and stick to each other - there is NO merit

Most tech org. Is filled with ex pay pal folks - who were probably shown the door by pay pal - incompetent folks - all of whom have a silent coterie - they are not expected to work - all bonuses are pretty much controlled by the coterie - rest get... —  read more 

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... —  read more 

Last-in, First-out

One VP told me once privately that he got his offer incl. comp package directly from his SVP before even being in contact with HR. They knew each other from their previous consulting firm and he didn't even submit his resume to HR. I had several... —  read more 

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Post ID:  @OP+KbZiRRe

Layoff Selection Criteria

I got laid off last Tuesday (one of a two day process) as part of the big re-org as did over 30% of my team. Overall I hear the rumors that 800-1500 people across the globe were affected. Decent package but the choices of who got laid off were made... —  read more 

What happened to the WARN Act?

I've seen people dismissed on the same day or the day after. What happened to the WARN Act, where if the company is laying off more than 500 people they have to give each employee 60 days notice? I've heard estimates of around 800 employees, so isn't... —  read more 

Are layoffs still going on?

I heard that Tuesday was Cybs, Wednesday was Business, and Thursday was Tech. Rajat sent out the "resource realignment" email on Thursday letting us know that "some" will be leaving Visa, but it is cryptic. And frankly, it doesn't make sense for them... —  read more 

The joke that is Visa

Visa is no longer Forune 100 or 500 in any sense - its run by gangsters - there is no merit - all promotions bonuses good stuff is doled out - bandit style - to the favored - yes mn who don t need to work - hypocrisy - sychophancy - deceit - guile -... —  read more 

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Post ID:  @OP+K5ptcgU

Severance Payment

Do you guys know what package I might be getting as I will likely be cut very quickly (it's slow - no work in my area)… I’ve been around about three plus years – also what’s your opinion about COBRA coverage – is it worth it expense? I am still... —  read more 

Layoff Questions

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?

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... —  read more 

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