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Visa Plans 7% Workforce Reduction, Affecting 2,600 Employees
2026-07-29 13:39:50 An internal memo from Visa Inc. (V.US) was recently disclosed, announcing plans to optimize its organizational structure through the layoff of about 2,600 employees, representing 7% of the company's total workforce, Reuters reported. A company spokesperson confirmed the authenticity of the memo. Visa CEO Ryan McInerney said in the memo that most of the affected positions are concentrated in the technology and product teams, although the layoffs will span the entire company. He noted that technological development is creating a once-in-a-generation inflection point for the payments industry, changing how money moves globally. AI is accelerating the transformation and reshaping the way Visa operates internally. ~ AASTOCKS Financial News Website: www.aastocks.com | |