I want to let you know that people are anxious and tense as they expect layoffs in corporate in Purchase.
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Topics regarding layoffs at MasterCard Inc.
Master cards outsourcing partner Tech mahindra found using unethical practices to cut costs. Chairman and CEO admit using bad tactics and undignified treatment of employees [Dazeinfo] Is Tech Mahindra Practicing Unethical Layoff Process to Optimise... read more
Last year all was fairly good, now all of the sudden things move, people are complaining and there are rumors about layoffs Purchase.
What is the likelihood of MasterCard layoffs in Purchase in 2016? Please let me know if you have any information.
Amazing. The company calls it "job elimination" - as many as 500 jobs world-wide, as of recently, with half of these in the U.S. (pretty large cuts for a lean company like MasterCard) - when there is no true "job elimination". In a true job... read more
When they lay you off, they make you sign a form waiving your rights to any bonus or profit sharing you may deserve for that year.
I heard 70+ in St. Louis and various positions in regions as of Feb 2015. The firings are mainly over 40+, but they have been doing this with a 'stealth' strategy so not to draw attention. The Waterloo office is basically being dismantled and jobs... read more
We all know it's 'pretty active' right now, I see hundreds of views below but nobody is posting experiences? Are we that scared?
Do you know how how many IT jobs will be sent to India? It seems that everyone knows about it but I cannot find any confirmed numbers or information on what groups will be affected the most. Also, from the timing perspective, do we expect all of this... read more
I've heard 5-6% of the workforce. Many Mgrs caught by surprise with layoffs of group heads SBL's on down. Packages they get are generous from what I am hearing. Many of the IT jobs going or already to Pune, India.
I am not sure why we have no posts here but we are laying off people this week. This may continue next week too. Many departments are being affected and I think we’ll have hundreds of people laid off. Both St. Louis Operations Center (O'Fallon) and... read more
We will see large number of people cut in 2014, probably before holidays
2014 will be bad for MC, a number of restructuring plans are being developed
Even more IT jobs are being sent to India - MasterCard will lose ~12 folks in IT department by mid year