One VP told me once privately that he got his offer incl. comp package directly from his SVP before even being in contact with HR. They knew each other from their previous consulting firm and he didn't even submit his resume to HR. I had several... — read more 

http://www.bizjournals.com/sanfrancisco/blog/2016/06/brexit-visa-charles-schwab-wells-fargo-wfc-schw-sq.html?ana=e_sfbt_bn_exclusive&u=uHpI6V1QzMb%2F%2FpWHkb4jDQ0fb51e98&t=1478055321&j=76324131

HR is being impacted as well. I heard that this year, AR was conducted by members of their LT, not the direct manager. They disregarded any ratings managers submitted, and created their own. People who had no idea what staff does day-to-day. This... — read more 

Hello all - would someone be able to outline the terms of Severance Payments. Thank you.

I got laid off last Tuesday (one of a two day process) as part of the big re-org as did over 30% of my team. Overall I hear the rumors that 800-1500 people across the globe were affected. Decent package but the choices of who got laid off were made... — read more 

My meeting was with two VPs from my group. No HR. They just read from the script. I had to turn in my laptop and badge immediately following the meeting. They said I can make arrangements to come in after hours to pick up any belongings, but I was to... — read more 

I've seen people dismissed on the same day or the day after. What happened to the WARN Act, where if the company is laying off more than 500 people they have to give each employee 60 days notice? I've heard estimates of around 800 employees, so isn't... — read more 

I heard that Tuesday was Cybs, Wednesday was Business, and Thursday was Tech. Rajat sent out the "resource realignment" email on Thursday letting us know that "some" will be leaving Visa, but it is cryptic. And frankly, it doesn't make sense for them... — read more 

Visa is no longer Forune 100 or 500 in any sense - its run by gangsters - there is no merit - all promotions bonuses good stuff is doled out - bandit style - to the favored - yes mn who don t need to work - hypocrisy - sychophancy - deceit - guile -... — read more 

Hello All - it looks like we have a critical mass here with many layoff posts getting 1000s of views - I guess we can start exchanging info here - I am wandering what the forum thinks as it relates to Austin, TX layoffs that may be happening this... — read more 

Do you guys know what package I might be getting as I will likely be cut very quickly (it's slow - no work in my area)… I’ve been around about three plus years – also what’s your opinion about COBRA coverage – is it worth it expense? I am still... — read more 

How were you notified? Did your manager pull you in for a one-on-one and actually explain? Or did you just get a generic email? Were you part of MAP? Did you get any kind of severance?

I have been laid off after 4 years with Visa, many long days, night and weekends - nothing was appreciated. Here is my advice to all who are considering applying for work here: We do not have a clear career path or progression plan - at Visa its not... — read more 

It is sickening and disgraceful to lay off lot of hard working employees while executives who make bad decisions are rewarded. It is a toxic environment where a-- kissing, and political bs is the norm and nothing gets done. People with ZERO technical... — read more 

I have been working for Visa last 6 years, last 3 days hundreds of people got laid off. Technology side mostly technical experts and hardworking people got laid off. VISA Keeping People with out any tech knowledge and speak generous .. I would highly... — read more 

Heard 800 this time. The only thing that you can rely on in Visa for the last few years is layoffs. They come like clockwork, only the number of job cuts change. And all we can do is to dodge while the hail of bullets passes. To bad I don't have... — read more 

Visa used to be a great employer, now everything is turned upside-down. With all this changes in upper management, with this new culture they brought, in which the contributors are no longer valued, and a bunch of interns doing a grown-ups’ jobs... — read more 

The next round of layoffs have started this week. They were delayed a week so that they didn't occur prior to the earnings announcement on Monday. Tuesday was CYBS, Wednesday the business and tomorrow is IT. Various rumors about the size but many... — read more 

Dozens, maybe hundreds of key employees were laid off or 'let go', in the last few weeks. Most of these people were exemplary employees with years of experience, and no performance issues. Many did have large retirement accounts. This does not... — read more