@p7 What comes around goes around. Have no doubt Ryan will be fired when they realize all of his cuts have actually hurt the company lol. Granted he will never need to work again with all the money he’s raking in
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@mm CEOs are vulnerable too, it is a matter of time
@n3 Yes, layoffs in tech
@m2 im 40, with visa 6 years
@hj is currencycloud really got impacted? Ryan said this is the company's invested direction
Anyone who thinks Al or any other CEO wouldn't have done this is so naive. AI is replacing people everywhere, starting from tech companies. This is fact, whether you like it or not.
Coincidence? Looks like they waited before and after FIFA soccer since they are BIG sponsors. Several ITs were impacted in May of this year
@k7 having McKinsey on the resume is the silver platter guarantee :)
@m9 For almost 3 years
@kn
How long had you been at Visa?
@m2 I got laid off and I’m 25
@kp
if you dont mind me asking, how old are you? My wife (43) mentioned that all or most the firings were folks of at least 36+ yrs old.
Bonus not raise
I was laid off today. It’s two months notice, plus lump sum, cash for cobra and raise.
@kh Mine was immediate, they told me today would be my last day but I would be paid through October 1st
Is the layoff immediate or do we have a 1 month period?
@hj which location?
@jy I meant it as having more weight on our performance evaluations, but it could have always been that way and I was just in denial.
@jf hes a jacka$$ for sure, he was handed this position on a silver platter and hasn't done anything good since being given this position
US office, two of my coworkers gone. Very depressing.
@jn Aren't we now?
@jj Had mine and they just said it was org restructuring. Genuinely think this is just a short term way to cut costs before FY 27
@jf wouldn’t be surprised if he increases his salary once again this year to account for all the “growth” he’s created.
@jn AI usage measurement has been started for a long time.
@jj I think we're heading down the path of 'doing more with less' especially now with AI in the mix. Wouldn't be surprised if we start getting measured by our AI usage.
I hope they are explaining to those affected why so in the calls.
VAS and CMS are literally the main growth areas.
Tech and Product are the main innovators using AI to do more. I would have thought the Non Technical areas were more at risk?
@je 54 Million a year he earns 208-254 times the median employee salary... These cuts will be framed as efficiency gained from AI rather than the reality of cutting cost to offset the AI expense without ROI.
@j7 yeah he's a bottom line guy, if his pockets are being affected then changes are coming
@j4 my wife had hers this morning, it was 10 minutes at most.
@j4 about 20-30 mins they schedule 30 mins on the cal.
Seems like Na and LATAM today some of Uk. Europe / CEMEA Africa tomorrow, APAC tomorrow and remember we have folks in India Bangalore and even new zeland so that’s why it’s over the course of 2 days
Doesn't your heart go out to poor Ryan, he sounded absolutely crushed that he was sh-t-canning such a large proportion of the workforce.
What orgs are being hit
@j4 25 minutes got one put on my schedule today RIP me
How long are these layoff meetings, does anyone know
@j1 thats terrible, I'm sorry yall are going through this. My wife just lost her job after 9 is at Visa. I hope everything works out for you guys.
@hy Friday .. the majority of the layoffs will be the next 3 days starting this morning US east coast time.
Yes husband is affected. Max 12 weeks payout regardless of years of service. He was there for 13 years! Sc--w Ryan! It used to be 1 month per year of service under the old CEO, sad day!
@hy lucky 93%
@e9 this is happening (as we speak) to my.wife, 9 yrs. This is pathetic
So...at what point do people with 'no news' assume they're in the 'lucky' 97%? #londonbased