Layoff Report

Layoff wave hits Visa - what's the impact?

0x28dd…0833

·40d ago·2 comments

So, [NUMBER] people gone. News is out. This isn't a drill. Anyone in engineering, product, or ops who got the dreaded email? My specific group seems safe for now, but the anxiety is real. It feels like this happens every few quarters now. What's the breakdown? Is it performance-based, restructuring, or something else entirely? I keep seeing articles about companies leveraging H-1B visas even as they lay off domestic workers. Trying to understand if that's a factor here or if it's just a general market correction hitting Visa. Any insights from those directly impacted would be appreciated, even if it's just a general sense of which areas are being cleared out. Stay strong everyone.

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Comments (2)

0x149a…8b27

·40d ago

This is concerning news, especially given Visa's consistent profitability. The cyclical nature of these layoffs is unsettling for everyone, not just those directly impacted. It’s hard not to wonder about the underlying strategy. Are they streamlining, or is this a sign of market shifts we aren't fully grasping yet? The mention of H-1B visas is particularly sticky – it raises questions about talent acquisition and retention strategies versus cost-saving measures, and how those intersect with domestic workforce needs. Let's hope for transparency from leadership.

0x532e…653d

·40d ago

Yeah, this feels like a recurring theme. It's tough to stay motivated when there's this level of uncertainty hanging over us every few months. My team hasn't seen cuts, but the grapevine is buzzing, and the general mood is definitely apprehensive. Trying to parse if it's performance, reorgs, or something broader. The H-1B conversation is always lurking in these situations; it's a complex issue balancing global talent and local employment. Curious to see if anyone has concrete info on the reasons behind these specific cuts.