An email from CEO from an hour ago announced 2600 roles eliminated across company, mostly among Technology and Product teams, representing about 7% of all roles in the company
28 replies (most recent on top)
@jh Visa Direct is the worst
@a8 Indeed! Layoffs started already in 2025, with the final blow in July 2026. Incredible!!!!
Visa Inc. acquired Token ID (prev. Bell Identification B.V.) in 2019 and fired the entire company 6 years later.
Good news is that the fatnecks in Foster City have received their bonusses and compensations
So glad some of the DAP managers were laid off. Totally incompetent.
@xj impacts across UK offices, definitely double digits. Bad timing at start of school holidays with lots on PTO, left worrying if someone’s OOO is actually gardening leave
Have to assume package on the table for all is at least 180 days salary, which is max a tribunal could force Visa to pay for skipping collective consultation in UK. Think they want it over and done with ASAP to avoid more bad PR or further loss of morale, if there’s even any left tbh
Sadly anyone accepting redundancy likely has to sign a binding gag order with harsh penalties for violating. Can’t blame them for keeping quiet as there’s way to know how unique/identifiable their offer was…
Not the first “legal requirement” to have a loophole given enough money spent. Could become convenient excuse for missing targets and paying out less in November but who knows at this place anymore
@a7 employment law I suspect.
@aa Thank goodness for the trade union movement.
@ax Interesting. If I understand UK employment law correctly if they are planning to let more than 20 people go in the UK they need to go through a 30 day consultation processm
CMS affected, at the more "expensive" cost centres. There's about to be a lot more racism I fear.
Yes, product teams in FC and SF were impacted.
any product team in SF and Foster city office are impacted? i will be joining a product team in foster city very soon. should I just stay in my current company and withdraw my acceptance? Thanks
@d9 yes, noone has been spared
anyone from IRE?
@d6 pocket change compared to other CEO. He can even pay mansion mortgage and taxes
Ryan Mclnerney Chief Executive Officer at Visa, received a total compensation of $31.56 M in 2025. Rajat Taneja President, Technology at Visa, received a total compensation of $22.67 M in 2025.
These are the ones laying off people.
Which teams in London are impacted from what you guys have heard?
@a6 some people in london found out today
@b6 vas is impacted as well. We haven’t received any information yet, however.
How is VAS? Is it less likely to impacted by Layoffs?
I know someone from product was let go from the London office
Any updates from Germany?
In Poland we will know in 2 weeks, because by the law company have to first make consultations with employees representatives
The whole Rotterdam Team in the Netherlands is out.
@a6 any reason why London will only know tomorrow? I would think emails will be going out today?
I'm at the London office, we'll know tomorrow
Any news in London, i will be joining them soon
Anyone from london?
Any news about London?
Warsaw team got an email for an all-hands meeting with the leadership, probably it is impacted too