Visa to cut 7% of workforce, about 2,600 jobs, as CEO pushes restructuring

Published Jul 28, 01:09 PM UTC

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.