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Plans to Cut 7% of Workforce to Boost Efficiency in Competitive Payments Sector","url":"https://stock-news.laohu8.com/highlight/detail?id=1134913536","media":"Deep News","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1134913536?lang=en_us&edition=fundamental","pubTime":"2026-07-28 23:01","pubTimestamp":1785250879,"startTime":"0","endTime":"0","summary":"Visa is set to eliminate approximately 2,600 positions as CEO Ryan McInerney aims to enhance operational efficiency amid intensifying competition in the payments industry.According to a staff 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Chatter: Visa to Cut 2,600 Jobs","url":"https://stock-news.laohu8.com/highlight/detail?id=2654188007","media":"MT Newswires Live","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2654188007?lang=en_us&edition=fundamental","pubTime":"2026-07-28 21:13","pubTimestamp":1785244429,"startTime":"0","endTime":"0","summary":"Visa  is cutting roughly 2,600 jobs, representing 7% of its workforce, as part of Chief Executive Ryan McInerney's aim to streamline the company, Bloomberg reported Tuesday, citing a staff memo.The cuts will mainly hit technology and product teams, according to the memo seen by Bloomberg.Visa didn't immediately respond to a request for comment from MT 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Slashing 2,600 Jobs as it Adapts to Changing Payments Industry","url":"https://stock-news.laohu8.com/highlight/detail?id=2654007972","media":"Dow Jones","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2654007972?lang=en_us&edition=fundamental","pubTime":"2026-07-28 21:12","pubTimestamp":1785244320,"startTime":"0","endTime":"0","summary":"Visa is cutting 2,600 jobs, or about 7% of its workforce, as it works to adapt to the rapidly changing payments industry.Chief Executive Ryan McInerney said in a memo to employees that most of the roles affected would be on technology and product teams, but that there would be cuts across the organization. He said technology trends are creating \"a once-in-lifetime inflection point in payments\" that is changing how money moves around the world.\"To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work,\" he wrote in a memo viewed by The Wall Street Journal.He said AI is helping to accelerate the evolution and shaping \"the way work gets done at Visa.\"Visa joins a bevy of other large companies that have looked to slim down their organizations and gain more efficiency from AI. 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