Thread regarding VISA Inc. layoffs

H1Bs will be curtailed in the Trump Administration for sure.

Last year, they cut severance packages in half from one month per year (capped at 12 months) to 2 weeks per year (capped at 1 year)

It appears there wasn't a standard for severance packages this year. Some people in other orgs. did get one month per year. Maybe Technology was reduced to 1 week due to size of the layoff. Not saying that's okay (its wrong on so many levels). Just showing that the severance packages have varied this year.

Hope we don't get any emplpyee surveys next year. Just leave us alone and let us work.

Last year Visa laided-off in the Miami office a few employees that had more than 5 years tenure. It was all planned out to reduce the severance package in half before doing so.
Directors and HR did all possible to fire as much peoples as possible before the layoffs.
Now Outsourcing more and doing the same, fire tenure employees and get new ones for les$.

OP, I was at Visa a few long years back. Got nice raises and almost 200% bonus too. Then I switch to my next job and made up for lost stock options and bonuses. 178% is only good when you’re compensated fairly. I’ve looked at visa pay ranges later as I considered returning (my manager was amazing). Only to realize there’s no chance they can match what I make elsewhere.

Corporate greed is what this is… Ryan, Rajat…They don’t care about US citizens. Anything to shore up the millionaires’ coffers.

Ryan is a multi-millionaire and so is Rajat and Chris Suh.
As we see in the international US politics they always have Blacks do the dirty deeds of the White people. 🤑🤑🤑

OP…enjoy the 178%. You won’t get that elsewhere. Fill up at the Visa trough until they package you out.

One week per year. Ryan has really stooped so low. Fu-k that douchebag.

...there are American citizens that can do the work? Not really Americans do not want to work in farm fields, low wage jobs, etc. USA corporations need to bring overseas cheap labor to make billionaires Great Again

H1B will increase because corporations rely on 'unique individuals expertise' that 'cannot' be found in USA qualified candidates

Rick Roth is a staunch Republican and a conservative member of the Florida Legislature

Even business-focused Republicans, who for many years had turned a blind eye to undocumented immigrants because they provided cheap, reliable labor...

https://www.propublica.org/article/florida-immigration-bill-farmers-rick-roth

Silicon Valley is on edge as Trump's immigration policy sparks fears of a high-tech talent shortage

https://www.businessinsider.com/trump-immigration-policy-ai-tech-worker-shortage-2024-11

Trump billionaire supporters -Elon, Thiel, Aaron Levie among others will make sure H1B increases and continues to make America billionaires Great :)

https://www.businessinsider.com/trump-immigration-policy-ai-tech-worker-shortage-2024-11

The incoming Government and president-elect should take a hard look at H1B and should take immediate steps to curb it. Given the widespread ongoing layoffs in the tech sector, and the thousands of US citizens forced out of their jobs, it is ridiculous that non-citizens are prioritized over Citizens. Shame on the Senators and lawmakers that are not standing up for their constituents impacted by this nonsense.

h1b hiring is scam in USA. Vast majority fails to meet USCIS qualification standards as outlined on their website.
https://www.uscis.gov/working-in-the-united-states/h-1b-specialty-occupations

One option could be for government to mandate a max cap % of employees who are not citizens/permanent residents. This way they could ensure employers are not gaming the system and replacing more citizens/permanent residents with those on visa and exploiting them, while still having access to immigrant skills where needed.

It's the cost, stupid. ! By denying US Citizens the jobs and opting for H1B candidates instead, these US Corporations are actively depressing the wages, and opportunities for citizens. Plus, the people on H1B can be easily abused and forced to work longer which is what we see happen all.the time. 'There are no qualified American Citizens to do these jobs' is such a blatant lie. The reality is even if qualified Citizens apply,.they are Rejected even without interviews. These kind of discriminatory hiring practices should be dealt with by the Government by imposing strong sanctions against the US Corporations that do these malpractices while benefitting from the US Location Status.

I am a H1B myself but this is not about H1B. This is just a bad leadership. But I agree if people like me were never hired in first place , it would have saved your jobs. Sorry about that.

If cost was the reason for the layoffs, why keep sponsoring visas and have H1B1s when there are American citizens that can do the work?

H1Bs should be gone.