Visa plans to cut about 2,600 jobs, or roughly 7% of its workforce, mainly in its technology and product teams. According to Odaily, Chief Executive Ryan McInerney said the move is intended to improve operating efficiency and redirect resources toward higher-potential businesses.
Visa plans to increase investment in consumer payments, commercial and money movement solutions, and value-added services. The company said those services include stablecoins, cross-border payments, and business-to-business operations. Visa also said AI is helping reduce repetitive work and speed up product development, but is not the only reason for the layoffs.
Visa Plans To Cut About 2,600 Jobs, Mainly In Technology And Product Teams
2026-07-28 13:03:39
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