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Visa Cuts 7% of Workforce, About 2,600 Positions, As AI Reshapes Operations

2026-07-28 15:17:03

V1.33%

According to CNBC, which confirmed a memo reported by Bloomberg, Visa is cutting approximately 7% of its workforce, or about 2,600 positions, primarily in technology and product operations. Affected employees will be contacted on Tuesday for transition assistance. CEO Ryan McInerney cited AI's role in automating technical work and reshaping how the company operates, though the layoffs also reflect Visa's broader efforts to control costs and reallocate resources toward growth areas including cross-border payments, business payments, and stablecoins.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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