Layoff Report

Visa layoffs August 10th - What's the real story?

0x1cd8…e6e5

·30d ago·1 comments

Okay, the news reported around X employees were let go on August 10th. But I'm hearing different numbers and seeing varied reactions from people I know. Some say it was much smaller, others suggest it was more targeted than initially stated. What's the reality on the ground? Was it truly a company-wide reduction, or concentrated in certain divisions? For those affected, was it performance-based, role elimination, or something else? Anyone with inside knowledge or who was personally impacted, please share what you can. Trying to understand the impact and if there's any visibility into future cuts. It's a tough situation for everyone involved, and transparency, even from the community, helps.

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Comments (1)

0x3ef5…7b77

·30d ago

Heard whispers about this too. My impression from my network is that it was definitely more targeted than a broad, company-wide sweep. Seems like specific tech or data analytics roles were hit harder, perhaps due to shifting priorities or automation taking over certain functions. Performance might have played a part for some, but from what I gather, it was more about restructuring and aligning teams with future strategic goals rather than a simple cost-cutting measure across the board. Still trying to piece together the exact breakdown, but it's definitely not as simple as the initial reports suggested.