Visa to cut 7% of staff

Visa plans to lay off approximately 2,600 employees, accounting for about 7% of its workforce of around 34,100 employees. The move aims to improve efficiency and drive digital transformation through the use of artificial intelligence. The layoffs will primarily affect the technology and product teams. This step follows similar layoffs announced by competitors such as MasterCard and Block. These measures are being taken as the company prepares to announce its fourth-quarter financial results, in which it demonstrated good performance in the stock market during 2026.

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