Visa is cutting 7% of employees in efficiency push as AI reshapes work

🇺🇸 CNBC (US) —
Visa is cutting 7% of employees in efficiency push as AI reshapes work

AI Summary

Visa announced plans to reduce its workforce by 7% as part of an efficiency initiative, with CEO Ryan McInerney emphasizing adaptation to AI transforming the payment industry. This workforce cut amounts to approximately 2,600 employees.

Visa plans to cut about 7% of its workforce, or roughly 2,600 employees, as CEO Ryan McInerney seeks to streamline the payments giant.

Markets Deals AI & Tech Visa workforce reduction AI efficiency payments industry layoffs

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