Visa began it's layoffs today. I heard that there were several Product teams which were impacted today. It's 100% legit. Feel bad for those product managers who were let go. Thought Visa was a safe Haven but it's not. Hope my engineering team isn't next! Anyone know which all teams were affected? #layoff #visa #product
Damn, when does VISA report earnings?
Cant find it in news. Or news nowadays wont report tech layoffs?
That’s sad.
I thought visa profit was pumping
Something like 52% profit margin I read recently.
That profit is not meant to be shared with the plebs who brought that profit in #AmericanCapitalism
Layoffs and poor performers are two different things. These are poor performers.
How are you so sure?
Product teams here are pretty weak in my experience. I’m in a strong belief that these were performance related. Lots of fat in product orgs here
What about Mastercard? Any layoffs there anyone has heard of? My cousin works there and I’d like to give him a headsup
That sucks!
Is this for India also?
No signs of layoffs at Mastercard. Quarter was strong and overall messaging has been positive. I am surprised by this at Visa, probably more performance oriented? (usually those are very limited).
Uh, that sucks