Visa Plans to Lay Off 2,600 Employees, Accounting for 7% of Total Workforce

Visa targets 2,600 job cuts, roughly 7% of staff, primarily in tech and product roles to boost operational efficiency amid rising payment industry competition.

Woofun AI reports that Visa intends to reduce its workforce by approximately 2,600 positions, representing about 7% of its total employees. The company’s CEO indicated in an internal memo that these reductions aim to enhance operational efficiency as the payment sector becomes increasingly competitive. The restructuring is expected to impact technology and product divisions most significantly.