Visa is Full of it on this. If you take one look at the financials for the company.... you can clearly see we're not hurting and I get it we should be lean but don't try to lie and say we aren't ki-ling it our profits as a % are 54.24% let me be clear those are insane profit %'s most companies like Tesla and Amazon which are ki-ling BTW see profit %'s in the 12-15% to put that in perspective visa had Total income of roughly 35Billion last year... Operating expenses (real estate, Taxes, Salaries, Bonuses, Stock Options) was roughly 12-15Billion and Profits after Op ex were 19-20Billion... Make whatever inferences you want to from this information but don't tell teams profits were bad and they need to tighten their belts.
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For what it is worth, I think Product means the OG product outside of technology. Card products for example.
Meanwhile greedy Ryan McInerney and greedy Rajat Taneja roll in millions of dollars in pay and equity.
Example, Rajat Taneja’s salary is a couple million dollars - that is conservatively speaking.
Whereas a tech nerd like me barely makes $2,0000/- (1/10 th) of his salary and they find that expensive??? Corporate greedy goons!!!
I doesn't want to be layed of...
Post ID: @em+1jpapt1tq
Let's have a group photo :)
Yet, Visa spends $$$$ on an F1 sponsorship. One of the cars is in the lobby of Mission Rock as they are laying off people for "cost purposes". Take your picture with it as you wait to find out if your name is on a list.
Product team meaning PRE under O and I?
Yes. From Vas and Product team. O&I will layoff a lot of people in Q3. A lot.
Are you saying there were further layoffs?