Visa Inc. reviews

The recent changes in employee compensation and benefit have been very demoralizing - Take company performance out of individual contributor's bonus calculation - Take away 6% pension to match market practice without compensating employees in other areas ( e.g. equity award, which is also a general market practice in bay area) - Raise health care expense 15-20%. - No salary raise (inflation adjustment), not even for the promoted ones. This is particularly hard to understand when the company is doing fine financially and has invested heavily in a lot of business deals, initiatives and office expansion/renovation projects in expensive areas. It's even hard to understand when senior executives have increased investment the corporate jets/hangar and c-level executive just received multi-millions sign on bonus. It's very sad to see the company deliver such a important change via an email and made little effort to mange the change process other than limit the annual enrollment meeting to a conference room that can seat no more than 40 people so there won't be hundreds and thousands angry employees gather together and fight on this topic.

HR recently slashed benefits to be way below industry standards. With the current benefits packages living Bay Area will be hard. Employee moral is at an all time low- it is nearly impossible to get anything done, people are just waiting to be laid off. They are flattening the org and eliminating all mangers who are technical. Only NBAs are allowed to manage people now. Lay offs are happening everywhere- they are even laying off recent college grads.