WF layoffs were based on location not based on performance sadly...new trend

https://www.thelayoff.com/wells-fargo-and

I heard the rumor that Visa will be moving from Singpost Centre to One North next year. Is the news correct?

There are rumors more cuts...why? Are they trying to wipe out everyone and use robots like the cafeteria wiped out ALL cashiers and installed machines. Is AI the answer to save $$$$$

Hearing the news of Microsoft laying off so many people, I fear Visa is gonna follow?

I haven't heard anything outside of this forum. Where's this supposed layoff info coming from? Are people just turning unsubstantiated rumors into facts, or is there something more behind it? I'd prefer not to start stressing over something that's... — read more 

Just curious, do employees get to keep work laptop and phone after layoff?

I know layoffs are coming in end of Q3 and more in Q4. I have seen contractors not getting their contact renewed recently. Have anyone heard of any full time employees getting laid off? Or know when the batch laying off will begin?

Some who had been before I was born are being ask to retire. Loyalty is no longer applicable. I interviewed with a company and ALL of them are being valued with loyalty including the talent acquisition ironically :)

Any news on when next round of layoffs will begin? And what are severance packages like?

Who’s ready to fight for a union at Visa? It’s totally possible if we come together, get a union rep, and hold these corporate execs accountable! https://www.nlrb.gov/about-nlrb/rights-we-protect/the-law/employees/your-right-to-form-a-union — read more 

Just chatted with a VP, I am close with. The picture he provides in grim. C-suite wants 20% savings. Expect batches of layoffs in the third quarter. VISA is no longer an American company.

Several people from VAS were let go this morning. Any other orgs impacted?

This month, the Product Org laid off quite a few people—not sure if other teams are facing the same. A comment someone made about targeting those with 'high standards' who push back against certain 'rules' seems to hold true. It also looks like... — read more 

The finance org is quietly laying off workers. Management is not communicating anything, but key people are being impacted this month.

New layoffs happened this week, they are keeping it confidential for now but it's massive.

If you reading this and still employed at Visa, you probably aware news came out today. Not only that, as I had the privilege to overhear a conversation from an VP, in which the context of the new RTO policy is to drive employment costs lower and... — read more 

Elon Musk makes deal with Visa https://www.bizjournals.com/sanfrancisco/news/2025/01/28/sfbt-digest-tuesday-robin-williams-visa-x-sf.html Elon Musk’s X Corp. has inked a deal with San Francisco-based Visa to be the first partner for what it is... — read more 

With the immediate dismantling of Federal DEI orders, and the recent voluntary dismantling of similar programs in the private sector, talented Visa employees now feel confident they can get a new job elsewhere based on their merit and skillsets. The... — read more 

He sold this many shares, at this price, for this much. Seems like he's got a lot of faith in his company lol USD 2,739,264

I’ve been lurking these threads for a while and I’m worried about getting laid off before or early on from my start date and getting sc--wed in this job market

Meta to dump thousands of workers, then hire replacements Meta intends to push out "low-performers," then back fill the positions aka as cheap labor https://www.sfgate.com/tech/article/meta-job-cuts-low-performers-20034293.php

i rmb interviewing for visa a few years ago and asked my interviewer what he thought about the company. he said it's a great place and he loved the culture here. i could feel that genuity when he said that and it stirred something in me, having been... — read more 

Most layoffs will be in FC office. Mostly in CMS and O&I.

I haven't been here long but one thing is sure, if this company ever had a solid reputation, it’s shot now. I wouldn't care normally, but it's creating issues with my job search. I am getting convinced that having Visa on my resume is actually... — read more 

only 1 year employed at visa; curious what severance would be if i got laid off

Rajat Taneja Title: President, Technology Company: Visa https://www.forbes.com/sites/richardnieva/2024/11/19/the-forbes-cio-next-list-2024/#anchorTag-4-673b94f952cead20f0bc7793 As president of technology, Rajat Taneja is responsible for ensuring the... — read more 

Visa laid off 100s of tech workers but hired “Chief of Staff” for each VP. Each CoS is nothing but glamorized secretary. All they do is su-k up to VPs and make them feel pompous. Also, the CoS have title of Directors and are highly paid. All they do... — read more 

https://www.bizjournals.com/sanfrancisco/news/2024/11/27/sfbt-digest-wednesday-visa-cre-sf-lombardi-sports.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=FR&j=37672607&senddate=2024-11-29&empos=p1 San Francisco-based credit giant Visa... — read more 

https://www.sfgate.com/tech/article/visa-layoffs-huge-record-profit-19944933.php The cuts come amid record profits at Visa. During the company’s 2024 fiscal year, which ended in September, Visa turned a $19.7 billion profit on $35.9 billion in... — read more 

People are all focused on the layoffs, but I’m more concerned about whether our benefits are safe. Should we be worried about losing anything else?

Any confirmed target teams anyone knows about coming into the new year? In the product org and have heard of a few teams laying people off this week (right before thanksgiving? Thanks Visa). Had one on my team effected directly, they had 8+ years at... — read more 

What is Visa plan or objective? Cut staff as much as possible? Rely on AI? Eliminate high paying jobs and re-post same jobs to lower pay? To pay for elections donations? to pay for Visa merchant class action after US Justice Dept antitrust... — read more 

Haven't heard of anyone let go this week. Now we're in peak, is that it? Rajat sent out an email yesterday saying 1000 staff had been impacted over the last several months and that changes 'were made', so it all sounds like past tense. If he's sent... — read more 

Not sure if these permits H-2A, H-2B, H-1B are "scam" One of the many reasons USA is very successful and "envy' from other countries is because USA relies heavily on 'legal' and 'illegal' immigrants. During Covid, a lot of business relied on... — read more 

From what I know: One person laid off after 40 years with Visa; 11 month severance package. Someone else laid off with H1B after almost 10 years with Visa; 2 month severance. Two more layoffs in my local office (sister team) with H1Bs. I myself had... — read more 

Touch Base meeting with manager. 2 days of layoffs in Foster City office. Poor exit package. Before layoff I received unfair bad manager review and 0 year bonus.