Thread regarding VISA Inc. layoffs

And it's happening again

Losing experienced employees on account of outsourcing and bringing on cheaper recent grads who have no idea what they're doing. All the experience is getting kicked out and somehow they think this place will continue functioning in the same way. Spoiler alert, it will not and I'm almost glad I won't be here to see the consequences.


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| 5 views | | 7 replies (last 13 hours ago) | Reply
Post ID: @OP+1kype0n0d

7 replies (most recent on top)

I guess that grads / juniors are also at risk. At least in Europe. There's no consistent rule and a strict statement that grads must remain. Following all threads, decisions are made based on more likely product/team, not individual. Managers/L5-L7 directors knew nothing until Tuesday.
In one of the offices the intern (or mentor, I didn't check job title) asked whether current situation affects a likelihood of getting a return offer. The leadership mentioned that current situation might alter expected full-time conversion rate metric.

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Post ID: @ea+1kype0n0d

@d8 Cheaper talent, yes. Same level/competency of talent? No....

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Post ID: @dn+1kype0n0d

Wrong - jobs aren’t being outsourced or going to junior talent. If anything the number of entry level roles have decreased because AI has taken those roles. They just need fewer senior leaders now because AI is expected to take on the productivity of several people. And the roles they do need are being moved to lower cost locations, so same level talent but far cheaper to pay.

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Post ID: @d8+1kype0n0d

Sadly this is the standard corpo purge. It's not about seniority (though many senior folks were hit) the common thread I'm seeing when talking to my friends and colleagues who have been hit across multiple orgs. Now keep in mind We don't know if there's a single factor or multiple or if it's a some many all or none situation. But Pay seems to have played a role nearly everyone I've spoken to turns out was paid over the midline at their level. HR situations I know of 2 people who were on the complaint and receiving complaint side of an HR issue who were both let go. And then stagnation as many had been encombant solid performers for many years without promotion (though this isn't hard and fast cause we also saw 1 person who was recently promoted) Tenure was all over the place 3 years for one person 22 for another so I don't think tenure was a big factor. Mind you my sample size is like 13 people

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Post ID: @b2+1kype0n0d

@ad seems like upper management thinks /init is all claude needs to work on an existing project though

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Post ID: @ar+1kype0n0d

You sound like a jaded overpaid senior. Without influx of fresh grads you get no new ideas or views compared to others doing stuff "because it was always done like this".

If we were to stop hiring juniors we'd have no seniors :)

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Post ID: @aa+1kype0n0d

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