Visa layoffs: Thousands of jobs slashed at the payments giant as CEO memo points toward AI acceleration
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Visa Inc. is preparing to lay off about 2,600 workers, or about 7% of its workforce, the payments processing giant confirmed with Fast Company.
The cuts come as the company faces an ever-changing payments landscape, increasingly disrupted by smaller, nimbler fintech startups, and as it focuses more on AI-driven efficiency gains. Here’s what you need to know.
What’s happened?
On Tuesday, media outlets including Bloomberg reported that Visa is getting ready to lay off about 2,600 workers.
The cuts come as the company faces an ever-changing payments landscape, increasingly disrupted by smaller, nimbler fintech startups, and as it focuses more on AI-driven efficiency gains. Here’s what you need to know.
What’s happened?
On Tuesday, media outlets including Bloomberg reported that Visa is getting ready to lay off about 2,600 workers.
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