Rajat Taneja Title: President, Technology Company: Visa https://www.forbes.com/sites/richardnieva/2024/11/19/the-forbes-cio-next-list-2024/#anchorTag-4-673b94f952cead20f0bc7793 As president of technology, Rajat Taneja is responsible for ensuring the... — read more 

Visa laid off 100s of tech workers but hired “Chief of Staff” for each VP. Each CoS is nothing but glamorized secretary. All they do is su-k up to VPs and make them feel pompous. Also, the CoS have title of Directors and are highly paid. All they do... — read more 

https://www.bizjournals.com/sanfrancisco/news/2024/11/27/sfbt-digest-wednesday-visa-cre-sf-lombardi-sports.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=FR&j=37672607&senddate=2024-11-29&empos=p1 San Francisco-based credit giant Visa... — read more 

https://www.sfgate.com/tech/article/visa-layoffs-huge-record-profit-19944933.php The cuts come amid record profits at Visa. During the company’s 2024 fiscal year, which ended in September, Visa turned a $19.7 billion profit on $35.9 billion in... — read more 

People are all focused on the layoffs, but I’m more concerned about whether our benefits are safe. Should we be worried about losing anything else?

Any confirmed target teams anyone knows about coming into the new year? In the product org and have heard of a few teams laying people off this week (right before thanksgiving? Thanks Visa). Had one on my team effected directly, they had 8+ years at... — read more 

What is Visa plan or objective? Cut staff as much as possible? Rely on AI? Eliminate high paying jobs and re-post same jobs to lower pay? To pay for elections donations? to pay for Visa merchant class action after US Justice Dept antitrust... — read more 

Haven't heard of anyone let go this week. Now we're in peak, is that it? Rajat sent out an email yesterday saying 1000 staff had been impacted over the last several months and that changes 'were made', so it all sounds like past tense. If he's sent... — read more 

Not sure if these permits H-2A, H-2B, H-1B are "scam" One of the many reasons USA is very successful and "envy' from other countries is because USA relies heavily on 'legal' and 'illegal' immigrants. During Covid, a lot of business relied on... — read more 

From what I know: One person laid off after 40 years with Visa; 11 month severance package. Someone else laid off with H1B after almost 10 years with Visa; 2 month severance. Two more layoffs in my local office (sister team) with H1Bs. I myself had... — read more 

Touch Base meeting with manager. 2 days of layoffs in Foster City office. Poor exit package. Before layoff I received unfair bad manager review and 0 year bonus.

Had the strange “touch base” meeting with local HR after long time with company. Your position is eliminated

What does that mean to have a meeting with a skip manager while having a person from hr? What should I ask or do during the meeting?

Ryan seems to be restructuring exec leadership to be predominantly men in their 40s (except Kelly Mahon) and he’s laying off mostly women VPs & others who’ve been at the company for 20+ yrs. Looks like he’s laying off teams as part of collateral... — read more 

Fy25 the year of AI. Where will the cuts go. If on one hand the company is making reductions but then asking everyone to embrace AI..... this will drive further reductions. What is Visa vision for their employees with their 2030 vision?

in 2025 the banking industry might see a ton of layoffs, that's my 2c... there are a few reasons why this could happen: tech is changing crazy fast, and banks are using more ai, machine learning, software and automation to do things that people... — read more 

https://www.wsj.com/articles/visa-has-deployed-hundreds-of-ai-use-cases-its-not-stopping-4febe1b4 Did anyone read the contradictory statements? Lol that the company isn’t investing in AI to replace workers but at the end there’s this “Taneja said... — read more 

1,400 layoffs were done and planning to hire 3,000

Make sure you take the time to clear your desks this week. They will Not allow you to retrieve your stuff, HR will instead

I’m at the tech side, and we will be heavily affected. Are there going to be structured rounds until the end of the year, or layoffs will be sprang on us whenever? If anyone has any information, please share.

Officially in the news! https://www.wsj.com/business/visa-plans-to-lay-off-around-1-400-employees-and-contractors-cd278c71 Visa is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported on... — read more 

I just saw the Organizational Update: MS&A and Digital Partnerships email and looks like some hubs were being removed. But do we know what roles got affected? Are PMs or PMOs being let go?

I’ve been laid off - but I see open roles. Are we still hiring? Can I apply?

I've been looking at job openings with the expectations of more cuts, and what I'm seeing is not filling me with confidence. It's bad enough to lose your job, but then have to deal with a job market that is hostile to employees...I don't see how... — read more 

According to all the rumors, more is coming next week. Anyone having an idea when the layoffs may be over? I’m stressed out of my mind.

Anyone knows if this round is over? So far there have been two orgs affected last week.. anyone knows if there will be more or if this is the end until end of this year??

Make this make sense. https://www.visa.com.sg/careers/visa-tech-traineeship-program.html In the midst of layoffs, Visa is still running stupid programs like this where they try to "train" non-tech people for a year before giving them roles as... — read more 

For those impacted with the cost reduction you can apply for unemployment NOW. Make sure on the form put the date you were let go Not the official separation.

I am writing this detailed information because i had to hire people for my team, and i was very selfish. I spoiled their life, by hiring them and making them work on ancient technologies and hence they cant survive now in real world after they are... — read more 

Something is cooking up LT is asking to not plan or move already planned events to previous week

Can anybody share if their area is being hit?

Entire MS&A, Digital Partnerships and Innovation orgs have been restructured and will no longer exist. Whoever is in these teams, it’s time to leave the sinking ship while you can.

Why lay off people who want to be here when there are so many who want to leave with severance? I know of two people who would be more than happy to volunteer if they were given a chance. It makes no sense to keep them and get rid of some of us who... — read more 

I have been hearing for the past ten days or so about a couple of people being let go here and there, but it’s been happening consistently and across the board. Judging from how many people have been reporting that they have been laid off or lost... — read more 

Today, I heard that two team members, a Senior Engineer and a Staff Engineer, were laid off during their annual review meetings.

As a longtime Visa Shareholder, it’s frustrating to see all this talk of layoffs and severance. Those dollars could be better spent on new products and innovation. Releasing staff, and ultimately hiring replacement resources at a higher cost is good... — read more 

Somebody in another thread mentioned layoffs have already started. Does anybody have more info on it? I haven't heard anything about it but it wouldn't be the first time that something like this happened without the management even bothering to let... — read more 

After Amazon RTO announcement, other companies quietly adding RTO 5 days a week on the job description website. There will be plenty more Job opportunities to chose from