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Visa Inc – “Lots of good change, but please bring the coporate culture back!

0 of 1 people found this helpful

Apr 20, 2009

4.0

Visa Inc Business Analyst in Foster City, CA:   (Current Employee)

Pros

Lots of change - willingness to let go of overpaid "older" employees whose skills/knowledge have fallen behind those of younger employees who are able to pick up new processes more quickly.

Cons

Corporate culture is boring. Since the IPO, senior managment has but all "fun" events (no more summer picnic, peak season parties, etc), including removing all alcoholic beverages from internal events.

Advice to Senior Management

If you continue cutting the "life" out of Visa, you will lose your younger employees with the most agile minds (who you pay the least) to companies with a better coporate culture. Seems like boring, monotonous Joe is sucking the life out of all of us.

Comment (1)

Apr 29, 2009

by Sr. Analyst in Foster City:

I can't agree about the "older" employees skills/knowledge falling behind. It's been proven again and again that when you let these employees with the most institutional knowledge go, you are screwing yourself down the road. Sure it looks good for a bit on your bottom line, when you've hired a bunch of 28 year old MBA's for 40% less $ to replace them. But when the s*** hits the fan in Peak Season, and you look around and realize that all the people who built your systems, and know how to handle every emergency, have been laid off... then what do you do? "Younger is better" is a short-sighted, discriminatory, broad statement with no basis in fact. Oh, and alcohol has been "gone" from internal events for 10+ years here. Occasional off-site events DID have alcohol (former Visa, Int'l. CEO Christopher was a party boy).
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Visa Inc Overview (V )
Web
corporate.visa.com
Industries
Size
5000+ Employees, $2B+ Revenue
HQ
Foster City, CA
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