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Visa to cut 7% of workforce, about 2,600 jobs, as CEO pushes restructuring
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Visa announced it will eliminate approximately 2,600 jobs, representing 7% of its global workforce, as CEO Ryan McInerney moves to restructure the payments giant. The cuts will primarily impact the technology and product teams. Visa had about 34,100 employees at the end of its last fiscal year, more than triple from a decade earlier. The layoffs are part of a broader effort to revamp the company's operations and focus on strategic priorities. The news was reported by The Business Times Singapore on July 28, 2026.
Source report
NEW YORK — Visa is eliminating approximately 2,600 jobs as Chief Executive Officer Ryan McInerney moves to restructure the payments giant.
The cuts, representing about 7% of the company's workforce, will primarily affect Visa's technology and product teams, according to sources familiar with the plan.
Workforce Context
Visa employed roughly 34,100 people at the end of its last fiscal year — more than triple its headcount from a decade earlier.
Strategic Rationale
The job reductions are part of a broader effort by McInerney to streamline operations and reposition the company for future growth in the rapidly evolving payments landscape.
Source: The Business Times
Source
The Business TimesRegional
Part of this Story
Visa to Cut 7% of Workforce, Eliminating 2,600 Jobs