Use this thread to post what you learn about layoffs today (orgs, levels, offices, severance, etc.)
41 replies (most recent on top)
@hc most of the promotions are driven by favoritism. As people in higher level ( not all ) are not really worth the title, they don’t want to hire or keep strong people. Some strong resources got impacted due to their managers as they want their roles to be saved.
@ft 100% agree. From what I heard they were coming in not knowing anything that would enable them to do the job, then questioning everything instead of just getting on with their very well paid jobs.
When I was laid off I spoke to someone very senior who said that the didn’t know why they brought people in when they had far superior people like me right under their noses, who had been around for years and knew the place inside out. He said he would recommend me but I never heard anything. Probably the normal arrogance making the bosses feel something like “we don’t need him”.
any layoff in Foster City?
@b1 I'm sorry but VCA needs to be, and start with the leadership. Entitled consultants that think the rules do not apply to them. Domineering and arrogant. Maybe this will be a wake up call. Doubtful.
@ae Do you know which part of VD? I assume you meant product, but which division of that large org?
This place is absolutely doomed. There is so much gross negligence. Share price may be doing well but that will fizzle out soon, then what?
CEE finance impacted
@f5 Only if Visa met the minimum requirements. Visa rarely files a WARN. There are only 3 on record in California (Oct. 2016, Oct. 2024 and July 2026).
@f6 this is from 2024.
https://www.reuters.com/business/finance/visa-lay-off-around-1400-employees-contractors-wsj-reports-2024-10-29/
Isn't there supposed to be a WARN notice?
I knew it happened again around earnings period
@cs no, def not performance based. My team seems more location based.
Is this impacting only those who got NS? Or it's happening across the board indiscriminately?
Clients keep leaving Visa - the only good employees are the ones with 7+years and they are being affected. All the diversity BS broke the company and now leadership keeps messing up. That's why Mastercard is doing so much better.
MIA impacted. Many roles and team members.
Confirmed 700 GLOBALLY, 400 in the US.
Foster City impacted
@b6 NE Ohio was impacted today
Nobody I know in NE Ohio yet. Just found out this was occurring through the grapevine. Was told it was mostly client services.
Poland is affected too
@b1 in UK?
VCA impacted
@ax how many?
NA Finance impacted
London impacted by look of it
@ab yes. It is way more than 50. Good luck. Many functions incl VCA were impacted. No one is safe
Got the HR meeting invite in Denver, CS. Meeting isn’t until this afternoon
At least 2 in CIE.
Got an email today early morning for a sudden meeting with Client services head and people advisor manager. I guess it was fun while it lasted
Also in Spain
Layoffs in Marketing Services
@ag today
What is their termination date.
@ae do you have details?
VD impacted - few were informed
@a6 which team ? PLG ?
I heard of nothing all week in denver
Way more than I heard. RR?
Yes over 50 impacted in the Singapore office