Visa cuts 7% of workforce — around 2,600 jobs lost as AI reshapes payments

Visa plans to cut approximately 7% of its workforce, equating to around 2,600 employees, as CEO Ryan McInerney seeks to streamline the payments giant. The layoffs are linked to the reshaping of work processes through artificial intelligence. The cuts represent one of the more significant headcount reductions in the financial technology sector in recent months.