Payment processing companies during recession?

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stjvdt7r

New

stjvdt7r
5d 4 Comments

Mastercard and Visa inc were significantly smaller back then but since they make money based on payment volume, how bad were the layoffs back then? Visa and Mastercard both don't seem to pay as much as FAANG but both pledged no layoffs in 2020.

TC: 140K

#recession #layoff #inflation #stagflation #crash #mastercard

EDIT: IDK why I cannot tag Mastercard lol

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TOP 4 Comments
  • Visa / Eng
    insertChip

    Go to company page Visa Eng

    insertChip
    Visa laid off contractors, I don’t think many fte were affected. But raises, bonuses and promotions went away that year.
    5d 2
  • Visa
    t2022

    Go to company page Visa

    t2022
    2007 recession did not affect MC or V much as they don’t issue credit. Amex took a hit as they were a bank and a processor.
    Yesterday 0