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

Visa stated it would reduce its workforce by roughly 7%, affecting approximately 2,600 employees, primarily in technology and product operations divisions. The payments network operator, which employed about 34,100 people at the conclusion of its last fiscal year, initiated the reduction process to streamline operations and reallocate resources toward priority business areas.
CEO Ryan McInerney characterized the restructuring as part of an evolution in how the company operates, noting that arti