Visa Plans Major Layoffs #technology #layoffs

Visa is streamlining its global workforce with plans to lay off around 1,400 employees and contractors by the end of this year, according to the Wall Street Journal. Approximately 1,000 of these cuts will focus on technology roles, while the rest will impact merchant sales and global digital partnership teams. Some layoffs reportedly began last week, with Visa planning to retain certain global partnership team members until the end of the year. Visa’s spokesperson emphasized that the company is constantly evolving its operational model to support growth, which sometimes requires role reductions. However, Visa also stated intentions to continue expanding its workforce in the foreseeable future. With 28,800 employees at the close of its 2023 fiscal year, Visa remains the world's largest payments processor. This layoff comes as part of broader corporate adjustments within the financial sector, following similar moves by other major firms such as PricewaterhouseCoopers. Visa’s upcoming fourth-quarter earnings report may shed further light on these recent decisions. Stay updated with #VisaLayoffs #TechIndustry #CorporateNews #VisaNews #DopamineFree #learning #lifelonglearning #education #Dopamine

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