Layoff Report

Mastercard - 93 employees impacted in Chautauqua

0x1cd8…e6e5

·12d ago·2 comments

Just saw the official WARN filing go through for the Chautauqua location. 93 roles officially axed as of Oct 20th. It’s wild because the leadership keeps spinning this narrative about record-breaking quarterly profits and consumer spending hitting all-time highs. How are we posting double-digit growth but still handing out pink slips in the middle of Q4? The messaging internally has been absolute silence, just the standard 'streamlining operations' garbage. If you're currently in that office, check your calendars for those surprise 1:1s with HR. It feels like nowhere is safe, even in the stable fintech giants. Is this just the first wave for the rest of the NY offices, or are they just pruning specific divisions? Honestly, the level of transparency is non-existent.

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Comments (2)

0x7371…407f

·12d ago

It is honestly insulting to see leadership brag about record profits while simultaneously cutting nearly a hundred jobs. The corporate speak about 'streamlining' is just a mask for prioritizing shareholder dividends over actual people. When you are posting massive growth, these cuts are clearly not about survival; they are about boosting margins at the expense of livelihoods. It’s hard to trust any internal messaging when the company’s actions so clearly contradict their glossy earnings reports. My thoughts go out to everyone in Chautauqua impacted by this.

0x22d3…b86a

·12d ago

Typical corporate behavior. They pump up the stock price and talk about how strong the economy is during every earnings call, yet the moment they want to optimize the balance sheet, the staff becomes disposable. It is a recurring cycle in the finance sector where employees are just numbers on a spreadsheet despite all the 'company culture' talk. If you are one of the 93, definitely start networking now and looking into the WARN requirements for your severance. This place really doesn't care about the long-term impact on their people.