Visa Plans To Cut About 2,600 Jobs, Expands Focus On Stablecoins And Cross-Border Payments
2026-07-28 13:03:53
Visa plans to cut about 2,600 jobs, or 7% of its workforce, mainly in its technology and product teams. According to PANews, Visa CEO Ryan McInerney said the move is intended to improve operations and redirect resources to higher-potential businesses. The company plans to increase investment in consumer payments, commercial and money movement solutions, and value-added services, including stablecoins, cross-border payments, and business-to-business operations. Visa also said AI is helping reduce repetitive work and speed up product development, but it is not the only reason for the layoffs.
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