Rumors have been circulating that the Denver office is to close in the next 5 years or so. With the lack of investments made at the site and with Ryan’s email that just came out it seems likely. Has anyone else heard the same? Any more details?
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I heard a rumor about a year ago that Corporate Real Estate was looking into closing the Denver office and opening a data center in Arizona—possibly due to all the tax breaks Arizona is offering to data centers. The problem is, Rajat is a complete oxymoron. He spent the last 10 years trying to shut down all of Visa's data centers and move everything to the public cloud. We've been operating OCC at 98% of its allocated power for over a decade. Operating at 98% of power allocation for a decade is not just pushing the limits—it’s flirting with disaster. Any spike in demand, unexpected failure, or maintenance event puts the entire Visa's operation at risk. For those who aren't technical, a healthy data center runs at around 80% of its power allocation. All the major players like Google, AWS, Meta etc., are scrambling to secure every megawatt they can get, while Rajat wants to shut down 35% of Visa's available MW. Rajat wants to get rid of the CAPEX and OPEX of running data centers, but doesn't realize how expensive the cloud computing has been getting, especially since the AI bo-m.
Seems pretty stupid considering how its a core DC site for OCC and OCE, and how lots of VAS PD and Auth PD work there supporting one of the few growth tentacles for Visa
What does full RT0 look like? Is it at 3 days a week or are they looking to increase it?
Ya I don't see it. Two of the three buildings are data centers, and a big chunk of Auth team is there.
I've been told by someone in Denver that they need twice the space to have full RTO (they are still 50/50), and apparently pre covid they had people in a separate building in town close by.
Layoffs on the other hand, would take less convincing.
I heard that rumor when they decided to let Palo Alto go. If I recall, Visa was going to close the Denver office. I don't know why they kept it open. It won't surprise me if they eventually close it within the next 5 years.
@b2 The current C-suite is concerned more with shareholder value than technical or logistical relevance. This is good for share price, oh wait.
Doesn’t make sense to close Denver office as it is one of the main data center location.
@a9 That doesn’t justify shuttering an entire office worth of core technology employees.
@a3 the data center. it won’t last much longer.
Apparently Rajat Teneja is pushing for more H1B and offshoring. He only promotes Indian workers. Apparently Ryan is a his lackey and does whatever he says.
What investments do you think the site has been lacking? Like what would you expect them to do if they were planning on merely keeping the site open?
I’m not sure how they could close the office with so much of the core authorization technology team centralized here.