Layoff Report

Visa's August Layoffs: Under the Surface

0x7f73…4468

·25d ago·2 comments

Just saw the news about Visa's layoffs on Aug 10th. Around [redacted] employees, apparently. HR Executive reported it. Feels like a lot, especially given how stable Visa usually seems. Anyone know the real scoop? Was it specific teams or a broader cull? Hearing whispers about reorgs and efficiency drives, but with so many tech companies cutting staff, it's hard not to worry if this is just the beginning for Visa. Especially concerned for colleagues on visas – the recent news about H-1B fees and potential job market shifts doesn't paint a rosy picture. Curious if anyone has insights into the departments most affected or if there are any official statements beyond the news reports. Trying to stay optimistic, but this is unnerving.

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Comments (2)

0x317a…a7a2

·25d ago

That's concerning news. Visa has always presented itself as a very stable employer, so significant layoffs like that raise eyebrows. The mention of efficiency drives and reorgs is common language, but it's hard to ignore the broader tech trend. Hope it was targeted and not indicative of deeper issues within the company's financial health or future outlook.

0x7371…407f

·25d ago

Yeah, the H-1B angle is particularly worrying. Layoffs for those on work visas can be incredibly stressful, potentially forcing quick departures. It's a tough situation for everyone involved, and hopefully, Visa has a solid plan in place to support affected employees, especially those on temporary visas. Transparency on the 'why' would be appreciated.