Visa plans to cut 7% of workforce, Bloomberg News reports

Visa is planning to reduce its total workforce by 7%, as reported by Bloomberg News and Reuters. The company intends to implement these layoffs by 2026 to streamline its operations. This strategic move involves cutting a significant portion of its staff across the organization. The reports confirm that the financial services giant is moving forward with these workforce reductions to optimize its internal structure and manage its human resources more efficiently during the coming period.