CNBC·3 min read·medium
Visa is cutting 7% of employees in efficiency push as AI reshapes work
H
Hugh Son
✦AI Summary
Visa plans to lay off approximately 7% of its workforce, or 2,600 employees, as part of a strategic shift toward AI-driven operations and growth in new financial sectors. The company aims to streamline its structure while investing in areas like stablecoins and cross-border payments.
Visa , which runs the world's largest payments network, plans to cut about 7% of its workforce as CEO Ryan McInerney moves to streamline the company and invest more in growth areas, according to a memo confirmed by CNBC.
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