I have been hearing for the past ten days or so about a couple of people being let go here and there, but it’s been happening consistently and across the board. Judging from how many people have been reporting that they have been laid off or lost... — read more 

Today, I heard that two team members, a Senior Engineer and a Staff Engineer, were laid off during their annual review meetings.

As a longtime Visa Shareholder, it’s frustrating to see all this talk of layoffs and severance. Those dollars could be better spent on new products and innovation. Releasing staff, and ultimately hiring replacement resources at a higher cost is good... — read more 

Somebody in another thread mentioned layoffs have already started. Does anybody have more info on it? I haven't heard anything about it but it wouldn't be the first time that something like this happened without the management even bothering to let... — read more 

After Amazon RTO announcement, other companies quietly adding RTO 5 days a week on the job description website. There will be plenty more Job opportunities to chose from

Start applying to jobs right away. It’s so much easier to land something when you’re already employed, especially considering there’s a bit of a stigma that people who’ve been laid off weren’t top performers. Your negotiating position can only worsen... — read more 

Anyone know more?

Is this confirmed?

The U.S. Justice Department on Tuesday sued Visa for allegedly monopolizing the debit card market, which has led to higher prices. https://www.axios.com/2024/09/24/visa-antitrust-debit-card-monopoly-lawsuit

Visa is going to layoff 10-15% of its employees in November. They are tracking code commits and annual ratings to decide. If you are being fired your Manager/Director/Sr Director/SVP has given your name. Those who have joined post January are... — read more 

If you live in the Bay Area, there are Lots of jobs, pay very competitive it is just a matter of how much are you willing to commute and be flexible *Federal Reserve Bank offers Pensions hard to believe in this economy *Grammarly *Atlassian... — read more 

The way Visa is accomplishing their silent layoffs is to say that they are implementing a second or third line of defense strategy, where 1LOD holds primary responsibility for something and 2LOD and 3LOD validate that it's done the way it's needed. ... — read more 

I'm not sure who makes these decisions, but we might find ourselves at the point where we literally won't be able to get the work done soon. We've already been decimated and every person on my team has seen their work at least double in the last few... — read more 

I heard from several sources that as many as 10% of people will end up being affected. I have no clue if it’s true, because, yes, silent layoffs. You just hear rumors all the time, some confirmation from people you know, but you can’t know the whole... — read more 

Visa needs to take a serious look at their entire executive leadership. All I hear from our town halls from Ryan Mcldouche is we estimated wrong, we forecasted wrong, we managed wrong, we did get this and that right. Instead of laying off the... — read more 

Going to be a harrowing peak season.

The company’s decision to conduct layoffs across multiple organizations at different times reveals a glaring lack of coordination and a profound sense of chaos within the upper management. This prolonged and disjointed approach to workforce reduction... — read more 

PPD and DAP layoffs happening. Heard there could be round 2 layoffs in a lot of areas in Oct/Nov time.

Notice from Mark Cahill tonight about layoffs in PPD. Anyone know who/what roles all are affected? Maybe primarily Austin roles, as he was in Austin this week. Could just be a coincidence.

Now happening in UK offices, unannounced layoffs in multiple areas, primarily those not writing computer code from IT related areas. Thinning teams out without the prolonged UK redundancy process. Being kept quiet, no announcements to colleagues... — read more 

They opened a new center in Poland. Removing low performers globally to staff that center Also, they want not keep only those who code. So if you are PMO or whatever you do and you don’t checkin code, you are next Too much fat in the technology... — read more 

I was laid off this round. Doesn’t look good in the wild. Any advice, or ideas?

At least for a while? Or there is more to the rumors that we can expect turmoil for months to come? If we are not done, it would be decent to give us heads up this time.

I believe yesterday was the last batch of layoffs. Interesting enough, June 6,2024 was the ribbon cutting grand opening Mission Rock office - Big party celebration, food, drinks, catch up with colleagues and following week mass layoffs, bitter... — read more 

I'd like to know if older employees were specifically targeted.

Sounds like higher ups intend to layoff at a scale similar to when the company did layoffs in 2016. Belt tightening has been holding off the inevitable but now does not seem enough. Everyone should be asking their managers for more information so... — read more 

Or these rounds conclude this week?

I can see from comments and hear from my colleagues that layoffs are across the board, with older, more experienced folks disproportionately being let go (stupid, but hey). Do we know if it stops today or if more is coming this week? Can’t wait to... — read more 

A little birdy told me Visa corporation in Austin, TX is doing mass layoffs this morning. Be prepared.

Visa is laying off Recruiters today as they want the org to be all VPs and Directors. Looks like they are targeting older employees which will be interesting.

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.