Visa's Efficiency Push: A Double Edged Sword in a Changing Job Market Visa plans to cut 7% of its workforce, approximately 2,600 jobs, as part of an effort to streamline operations and invest in growth areas.
This decision follows a period of rapid hiring by the company, with about 34,100 employees at the end of its last fiscal year.
The layoffs are aimed at streamlining Visa's operations and investing in high growth areas such as affluent customers, cross border activity, business payments, stablecoins, and geographic expansion.