Visa is currently laying off contractors, not sure if it will escalate from there.

Barrons coverage, paywall removed: https://archive.ph/dp0mf

https://www.drucker.institute/2021-drucker-institute-company-ranking/

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.

Which org do you think will be impacted in 2022? HR? Tech? What are your predictions?

Just found out they dumped all our old favorite security guards for a new security company and new young guards. Oh well life goes on.

Who's getting cut in March?

From BNY Mellon and now Wells Fargo, seems like Charlie Snarf's MO is cut costs (jobs) at all cost?

All contractors will be laid off due to CoronaVirus at end of April. Oddly, Visa is not even making losses, but has revised its profit growth from 11 to 8.5% . Anyways it is what it is.

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 

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 

Just got word the cuts continue. Anyone have more informations?

Has anyone been contacting the atty? Has the atty indicated how many have called him? Anything else you can update about?

Management didn't bother to wait until March like everyone previously thought. Layoffs are happening now with almost entire teams being let go. Happy New Year from the "Employer of Choice".

Many on a list, so how many are reading this site and posts? Has anyone 40+ age range and long years of service with Visa contacted the lawyer mentioned in another post?

have you seen the number of jobs that Visa is posting in Austin TX? https://jobs.visa.com/go/Jobs-in-Austin%2C-Texas/373003/?q=&sortColumn=referencedate&sortDirection=desc

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 

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 

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 

Take it from an employee been with Visa before it went public. Not even a good look on da resume anymore.

Although the severance package was good, actually really good, the large number of people over 40 does make you wonder. Also, on the listing of 300+, only about 60 said they were "Eligible for Severance". Why such a limited number? I thought everyone... —  read more 

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 

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 

Another long article on the Visa layoff debacle - Source: http://www.bizjournals.com/sanfrancisco/news/2016/11/01/visa-layoffs-fintech-payments-credit-cards-debit.html TITLE: Visa slashes hundreds of jobs as it digests European acquisition Layoffs... —  read more 

What do you think in general? Charlie leaving and Al joining, business as usual?

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 

http://www.bizjournals.com/sanfrancisco/blog/2016/06/brexit-visa-charles-schwab-wells-fargo-wfc-schw-sq.html?ana=e_sfbt_bn_exclusive&u=uHpI6V1QzMb%2F%2FpWHkb4jDQ0fb51e98&t=1478055321&j=76324131

HR is being impacted as well. I heard that this year, AR was conducted by members of their LT, not the direct manager. They disregarded any ratings managers submitted, and created their own. People who had no idea what staff does day-to-day. This... —  read more 

Hello all - would someone be able to outline the terms of Severance Payments. Thank you.

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 

My meeting was with two VPs from my group. No HR. They just read from the script. I had to turn in my laptop and badge immediately following the meeting. They said I can make arrangements to come in after hours to pick up any belongings, but I was to... —  read more 

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 

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 

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 

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... —  read more 

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 

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?

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