Hearing that SG layoffs will be in full swing post earnings call. Will affect both product and tech.
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It’s definitely a bloodbath at SingPost. Many teams on Level 8, Side A, were wiped out entirely. The whole floor was eerily empty on Thursday, and the mood was understandably sombre.
But apparently not everyone got the memo. One team (near the small pantry) was still laughing loudly and carrying on as if it were just another ordinary day. Impressive level of obliviousness. Read the room—or at least close the meeting room door before turning the office into your comedy club.
@kb that's actually much more decent than the reported 2 weeks per year of service, all the best in your future endeavors!
4 years with Visa, Staff SWE, got laid off yesterday, 1 month of severance for every year of service, 1 month garden leave, pro-rated bonus for the year, forfeit the RSUs vesting in Nov. Handed over my laptop yesterday.
Not sure what to do next but somehow a sense of relieve to get the package after anticipating it for so long. Time to move on~
Good luck and all the best to my fellow colleagues!
V is going down the gutter, it's just business!
@fa do we get compensated for unused annual leave
@f4 8
@f4 singpost office was a barren wasteland today. Guess the move to paya lebar green with fewer capacity was the canary in the coal mine.
@f9 told via to attend a meeting with HR virtually, told their comp package + garden leave, then to return their laptops at office
Any idea how any folks were asked to leave in SG ?
@f7 VAS are listed in the FAQ’s as one of the most impacted orgs.
@ee shouldnt be vas since they contributed a lot to revenue according to past earnings?
@f3 omg. Which team or floor?
Almost half of the floor.
heard news for Vas and o&i
@e7 Both offices
Singpost or RR?
its a blood bath
@dp Any idea on the SG impact? Which team impacted?
@da started alrdy
is already started in NZ
SG- Does it started or not yet?
Any more news on what’s happening in Singapore?
@b5 This is how layoffs go at all companies -
Cut labor force
Take profits from earnings
Rehire cut labor force +10/20%
Never catch up with workload because all specialized talent has been cut and retained staff is overwhelmed.
Visa Denver
@be hearing that it's 2 weeks per year of service but only up to 12 weeks. Meaning you have 3 months to find a new job otherwise you'll be eating into savings already.
Does Visa Singapore follow these guidelines from MOM ?
2 weeks to 1 month salary per year of service (not capped) :
https://www.mom.gov.sg/employment-practices/retrenchment/responsible-retrenchment
2025 Project Fusion - they laid off so many people. 2026- they rehired more than the # of people they laid off, under a different org but essential the same mandate. This is the visa story.
Anyone any idea about VCA ?
@an I thought he backs talent?
@am Singapore
Any impacts to product in-region? Ram not the most inspiring so unlikely to see good people retained.
What is SG?
Confirmed, check your emails, tech and product just as mentioned by this post.
Heard O&I middleware was hit today
How are we getting all these news?