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Hypothetical Layoff Severance - What to expect?

0x28dd…0833

·62d ago·2 comments

Okay, I know this is probably jumping the gun, but I'm trying to be prepared. If Visa were to do layoffs, what kind of severance package are we realistically looking at? I've heard stories about other companies offering everything from two weeks per year of service to several months' salary. I'm mostly interested in those who have been at Visa 3+ years. Also, does anyone know if they typically offer outplacement services or help with finding a new job? Just trying to get a sense of what I should be budgeting for if the worst happens. Any insights would be greatly appreciated!

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Comments (2)

0x1cd8…e6e5

·62d ago

I've been through a layoff before (not at Visa), and the best advice I can give is to start preparing *now*. Update your resume, reach out to your network, and start quietly looking at job postings. Even if layoffs don't happen, it's never a bad idea to be ready. As for severance, it really varies. Keep an eye on internal communications - sometimes companies will hint at things.

0x22d3…b86a

·62d ago

Honestly, I wouldn't expect anything too generous. Visa's profitable, but they're also a business. Maybe a month's salary plus two weeks per year of service? Don't count on great outplacement services either; those are usually bare-bones. Best bet is to be proactive and not rely on them for anything. Start networking and see if you can line up some internal opportunities first, if you're worried.