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Visa plans to lay off approximately 2,600 employees, accounting for around 7% of its total workforce.

1 hours ago

According to Bloomberg, Visa is cutting approximately 2,600 jobs. CEO Ryan McInerney said the move is designed to boost the company’s efficiency to adapt to the increasingly competitive payments sector. In an internal memo to staff on Tuesday, McInerney stated that the layoffs account for roughly 7% of Visa’s total workforce, primarily affecting its technology and product teams.

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