Pros
The "old" Visa was a fun and dynamic place to work, with lots of autonomy and the ability to work hard and make a name for yourself. The pay was good, bonuses fantastic, and stock incentive very generous. The overall environment was one that invested heavily into employee satisfaction and product innovation.
Cons
Recently, with recent management changes (CEO and virtually all direct reports and virtually the entire 2nd layer) has resulted in less of a technology-focused culture. Nearly all senior managers are from JP Morgan or Mckinsey and as a result, the management focus has shifted from serving customers, employees and innovating in the marketplace to a culture of pinching pennies and cutting costs (at the expense of customers and employees). While the company is still financially strong, this short-sightedness will hurt the company in the long term. The entire management team is now comprised of leaders with less than a year of experience, and frankly, they do not understand the products and business culture of the company. It is sad to see, but I will not be surprised if Visa goes through some tough times in the near future. HR is a disaster- There has been nothing but poorly executed and botched benefit, payroll, and HRIS changes.