Thread regarding VISA Inc. layoffs

2024 layoffs continue

PPD and DAP layoffs happening.
Heard there could be round 2 layoffs in a lot of areas in Oct/Nov time.

by
| 2191 views | | 9 replies (last September 2, 2024) | Reply
Post ID: @OP+1tX5qUYt

9 replies (most recent on top)

Not sure information security team get impacted

by
| | Reply
Post ID: @mkba+1tX5qUYt

Any idea how many in PPD were affected ?

by
| | Reply
Post ID: @ckgq+1tX5qUYt

Well said!
They will use this undercurrent of fear and insecurity to give lot lower bonuses and low pay increases for those who do not get laid off.

by
| | Reply
Post ID: @3cnu+1tX5qUYt

The company’s decision to conduct layoffs across multiple organizations at different times reveals a glaring lack of coordination and a profound sense of chaos within the upper management. This prolonged and disjointed approach to workforce reduction has not only exacerbated uncertainty among employees but has also signaled a broader failure in leadership's ability to effectively manage the crisis.

The staggered nature of the layoffs, happening over extended periods and affecting various departments, has created an atmosphere of constant anxiety and instability. Employees are left in a perpetual state of unease, never knowing when the next wave might hit or which teams might be affected. This environment is particularly harmful to engineers and other key staff who thrive on stability to drive innovation and productivity. The lack of clear communication and consistent decision-making from the leadership has eroded trust and confidence, leaving employees disillusioned and disengaged.

As a result, the ongoing uncertainty has led to a significant decline in morale. Engineers and other employees, who once took pride in their work and felt secure in their roles, are now preoccupied with concerns about job security. This distraction is inevitably leading to a drop in motivation, as employees struggle to remain focused and committed to their projects amidst the looming threat of layoffs. The creative energy and innovative spirit that are essential for the company’s growth are being stifled by this constant undercurrent of fear and insecurity.

by
| | Reply
Post ID: @3slq+1tX5qUYt

If you are not writing code, like in a TPM role, or PMO, or support, you will get hit sooner or later. Technology teams under Rajat are all asked to restructure and keep the organization very lean to Managers, few PMO, and coders. Everyone else is out.

by
| | Reply
Post ID: @3igg+1tX5qUYt

Any news on O&I?

by
| | Reply
Post ID: @2fwu+1tX5qUYt

Any idea if VAS or other tech roles will be hit again?

by
| | Reply
Post ID: @1kze+1tX5qUYt

DAP mostly

by
| | Reply
Post ID: @1jco+1tX5qUYt

Which areas?

by
| | Reply
Post ID: @1gqs+1tX5qUYt

Post a reply

: