It is now new tactics to save money. Giving forced NS to senior person and lay him off without giving any severance package. Thus company is saving money.This is new trend in visa
12 replies (most recent on top)
@a5 horrendous, and shows the lack of moral compass the company has. If it can happen to your coworkers, it can happen to you anytime.
This only demonstrates that the C-suite lacks original leadership ideas. The purge of 10-15% was famously advocated by Skilling of Enron in the 1990s, yes, that Enron. Moreover, their acquisition of the OKR concept from a vendor further underscores the C-suite’s lack of innovation and originality. The stock price also reflects this sentiment.
The best way to fight it is to get out of you can. Not every company is so toxic.
@OP there doing it at Mastercard too
@1ab yes. Big position layoffs term as retirement.
Is it common practice to say VP is retiring if he is laid of?
There's no way to fight it. Senior management have all been given quotas for terminations. Once you've been selected for termination, you're done.
The best thing to do is to make sure you never make it on the list. Sabotage your colleagues, take credit for other people's work, volunteer for all senior management initiatives, never, ever help anyone unless you get the plaudits.
any way to fight this?
This year, many employees have received NS because they didn't follow RTO guidelines.
@11d+1kaxh4e4q nothing @a5 said was gaslighting. They explained exactly what is happening and put the blame on the company, where it belongs. Don't use words you don't understand.
@a5 stop gaslighting... visa employees are living in unethical unethical politics of individuals and community based grouping... and it all comes from where? everyone knows
Visa has been doing this for a few years now. They force managers to give 10% of the workforce a bad rating, then use the bad rating to push people out of the company without severance claiming it wasn't a layoff, it was a firing due to poor performance.